Lenders › Bank of Oak Ridge
7(a) lenderOak Ridge, North CarolinaFDIC-insured bank228th of 2,184 by approvals
Bank of Oak Ridge
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2021 to FY2025 SBA approved 161 7(a) loans, worth $158M, through Bank of Oak Ridge of Oak Ridge, North Carolina, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 228th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 38 approvals totalling $40.2M, about level with FY2024 (40). FY2026 to 30 Jun 2026 adds 27 more.
The median approval was $572K, against $190K for the 7(a) program as a whole; 7.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 8 states and territories and 57 counties, led by North Carolina (72.0%), South Carolina (12.4%) and Virginia (8.1%). The largest industry group was accommodation and food services at 22.4% of approvals, and 19.9% of approvals were to franchise businesses.
Of 38 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (5.3%), 25 as paid in full and 11 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 27 | $28.2M | $576K | $1.0M | 324 |
| FY2025 | 38 | $40.2M | $692K | $1.1M | 584 |
| FY2024 | 40 | $33.8M | $507K | $846K | 593 |
| FY2023 | 50 | $48.5M | $539K | $970K | 803 |
| FY2022 | 25 | $22.7M | $573K | $909K | 379 |
| FY2021 | 8 | $12.7M | $665K | $1.6M | 148 |
| FY2020 | 4 | $6.3M | $1.1M | $1.6M | 31 |
| FY2019 | 6 | $1.8M | $239K | $292K | 89 |
| FY2018 | 4 | $6.9M | $1.3M | $1.7M | 39 |
| FY2017 | 3 | $2.0M | $666K | $672K | 29 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 17 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | North Carolina | 7(a) program |
|---|---|---|---|
| Approvals in these years | 39 | 12,808 | 639,905 |
| Cancelled or never disbursed | 1 | 1,480 | 79,313 |
| Disbursed loans | 38 | 11,328 | 560,592 |
| Paid in full | 25 | 8,649 | 435,813 |
| Charged off | 2 | 705 | 36,891 |
| Still outstanding (status exempt from disclosure) | 11 | 1,974 | 87,888 |
| Charged off, share of disbursed loans | 5.3% | 6.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.6% | 1.8% | 2.5% |
| Dollars charged off | $193K | $111M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 8 | 2 | 0 | — | 2.8% |
| FY2020 | 4 | 2 | 0 | — | 4.0% |
| FY2019 | 6 | 5 | 0 | — | 6.7% |
| FY2018 | 4 | 4 | 0 | — | 7.9% |
| FY2017 | 3 | 1 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 3 | 1 | 2 | — | 6.3% |
| FY2011 | 8 | 8 | 0 | — | 6.9% |
| FY2010 | 2 | 2 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $572K | $190K |
| Average approval | $981K | $518K |
| Approvals of $150,000 or less | 7.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 52.2% | 34.3% |
| Approvals to franchise businesses | 19.9% | 11.5% |
| Jobs supported per approval, as reported | 15.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.3% | 6.6% |
States served
| # | State of the business (8 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | North Carolina | 116 | $108M | 72.0% | |
| 2 | South Carolina | 20 | $21.6M | 12.4% | |
| 3 | Virginia | 13 | $14.9M | 8.1% | |
| 4 | Georgia | 7 | $8.7M | 4.3% | |
| 5 | Maryland | 2 | — | 1.2% | |
| 6 | Alabama | 1 | — | 0.6% | |
| 7 | Kentucky | 1 | — | 0.6% | |
| 8 | Florida | 1 | — | 0.6% |
In North Carolina the lender accounts for 1.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (57 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Guilford County, NC | 34 | $22.0M | 21.1% | |
| 2 | Wake County, NC | 30 | $20.6M | 18.6% | |
| 3 | Forsyth County, NC | 8 | $12.4M | 5.0% | |
| 4 | Durham County, NC | 5 | $8.5M | 3.1% | |
| 5 | Greenville County, SC | 5 | $2.9M | 3.1% | |
| 6 | Dorchester County, SC | 4 | $7.1M | 2.5% | |
| 7 | Mecklenburg County, NC | 4 | $6.6M | 2.5% | |
| 8 | Virginia Beach city, VA | 4 | $3.0M | 2.5% | |
| 9 | Rockingham County, NC | 4 | $1.9M | 2.5% | |
| 10 | Brunswick County, NC | 3 | $3.7M | 1.9% | |
| 11 | New Hanover County, NC | 3 | $1.3M | 1.9% | |
| 12 | Cumberland County, NC | 3 | $1.2M | 1.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 36 | 22.4% | |
| 2 | Other Services (except Public Administration) | 19 | 11.8% | |
| 3 | Retail Trade | 17 | 10.6% | |
| 4 | Construction | 17 | 10.6% | |
| 5 | Arts, Entertainment, and Recreation | 14 | 8.7% | |
| 6 | Manufacturing | 13 | 8.1% | |
| 7 | Health Care and Social Assistance | 11 | 6.8% | |
| 8 | Transportation and Warehousing | 10 | 6.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 29 | 18.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 6.8% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 5.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 4.3% | |
| 5 | General Freight TruckingNAICS 4841 | 7 | 4.3% | |
| 6 | Traveler AccommodationNAICS 7211 | 6 | 3.7% | |
| 7 | Other Miscellaneous RetailersNAICS 4599 | 6 | 3.7% | |
| 8 | Waste CollectionNAICS 5621 | 5 | 3.1% | |
| 9 | Other Personal ServicesNAICS 8129 | 5 | 3.1% | |
| 10 | Personal Care ServicesNAICS 8121 | 5 | 3.1% |
Approval sizes
- $50,000 or less1.9%3
- $50,001 to $150,0005.6%9
- $150,001 to $350,00023.6%38
- $350,001 to $1 million38.5%62
- $1 million to $2 million18.6%30
- Over $2 million11.8%19
Loan terms
- 5 years or less0.6%1
- Over 5 to 10 years54.0%87
- Over 10 to 20 years21.1%34
- Over 20 years24.2%39
Age of the businesses
- Existing, more than 2 years old23.6%38
- New business, 2 years or less21.7%35
- Startup, loan funds will open the business30.4%49
- Change of ownership24.2%39
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 147 | 91.3% | |
| 2 | SBA Express Program | 10 | 6.2% | |
| 3 | International Trade Loans | 3 | 1.9% | |
| 4 | 7a General | 1 | 0.6% |
Franchise share
32 of 161 approvals in FY2021–FY2025 (19.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Big Air | 4 | 2.5% | |
| 2 | Servpro | 3 | 1.9% | |
| 3 | Pet Supplies Plus | 3 | 1.9% | |
| 4 | Crumbl | 3 | 1.9% | |
| 5 | Outdoor Lighting Perspectives | 2 | 1.2% | |
| 6 | Pita Mediterranean Street Food | 2 | 1.2% | |
| 7 | La Quinta by Wyndham | 1 | 0.6% | |
| 8 | Gyu-Kaku | 1 | 0.6% |
Questions and answers
How many SBA loans does Bank of Oak Ridge make?
SBA approved 38 7(a) loans through Bank of Oak Ridge in FY2025, worth $40.2M, and 161 over FY2021 to FY2025. That ranks 228th of 2,184 active 7(a) lenders by number of approvals.
How large are Bank of Oak Ridge's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $572K and the average $981K. The program-wide median was $190K.
What is Bank of Oak Ridge's charge-off rate?
Of 38 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (5.3%), 25 as paid in full and 11 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Bank of Oak Ridge lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (29); other amusement and recreation industries (11); other specialty trade contractors (8); automotive repair and maintenance (7).
Where does Bank of Oak Ridge make SBA loans?
In 8 states and territories. North Carolina 116, South Carolina 20, Virginia 13, Georgia 7, Maryland 2. In North Carolina it accounts for 1.7% of all 7(a) approvals.
Is Bank of Oak Ridge's SBA lending rising?
Approvals in the three latest complete fiscal years total 128, against 37 in the three before: rising (+246%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error