Lenders › Coastal States Bank
7(a) lenderHilton Head Island, South CarolinaFDIC-insured bank383rd of 2,184 by approvals
Coastal States Bank
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.
Coastal States Bank, based in Hilton Head Island, South Carolina, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 77 of its 7(a) loans worth $109M in FY2021 to FY2025, which places it 383rd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 19 approvals totalling $26.2M, up 36% on FY2024 (14). FY2026 to 30 Jun 2026 adds 12 more.
The median approval was $880K, against $190K for the 7(a) program as a whole; 0.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 20 states and territories and 51 counties, led by Texas (27.3%), Georgia (19.5%) and California (9.1%). The largest industry group was health care and social assistance at 35.1% of approvals, and 40.3% of approvals were to franchise businesses.
Of 446 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (6.1%), 352 as paid in full and 67 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 12 | $22.2M | $1.2M | $1.9M | 199 |
| FY2025 | 19 | $26.2M | $803K | $1.4M | 250 |
| FY2024 | 14 | $15.4M | $701K | $1.1M | 146 |
| FY2023 | 7 | $11.1M | $995K | $1.6M | 66 |
| FY2022 | 12 | $23.0M | $1.3M | $1.9M | 326 |
| FY2021 | 25 | $33.1M | $952K | $1.3M | 318 |
| FY2020 | 20 | $19.8M | $728K | $989K | 427 |
| FY2019 | 19 | $19.0M | $717K | $1.0M | 307 |
| FY2018 | 17 | $16.3M | $807K | $957K | 167 |
| FY2017 | 26 | $21.9M | $612K | $841K | 531 |
| FY2016 | 24 | $15.2M | $355K | $634K | 345 |
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 106 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 | Texas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 498 | 48,931 | 639,905 |
| Cancelled or never disbursed | 52 | 5,758 | 79,313 |
| Disbursed loans | 446 | 43,173 | 560,592 |
| Paid in full | 352 | 31,848 | 435,813 |
| Charged off | 27 | 3,650 | 36,891 |
| Still outstanding (status exempt from disclosure) | 67 | 7,675 | 87,888 |
| Charged off, share of disbursed loans | 6.1% | 8.5% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.2% | 2.9% | 2.5% |
| Dollars charged off | $9.2M | $682M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 24 | 7 | 0 | — | 2.8% |
| FY2020 | 20 | 10 | 0 | — | 4.0% |
| FY2019 | 18 | 9 | 0 | — | 6.7% |
| FY2018 | 16 | 9 | 0 | — | 7.9% |
| FY2017 | 26 | 23 | 1 | — | 7.7% |
| FY2016 | 21 | 15 | 2 | — | 7.2% |
| FY2015 | 20 | 16 | 0 | — | 6.9% |
| FY2014 | 60 | 51 | 4 | 6.7% | 6.4% |
| FY2013 | 77 | 72 | 3 | 3.9% | 6.0% |
| FY2012 | 78 | 66 | 10 | 12.8% | 6.3% |
| FY2011 | 72 | 60 | 7 | 9.7% | 6.9% |
| FY2010 | 14 | 14 | 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 | $880K | $190K |
| Average approval | $1.4M | $518K |
| Approvals of $150,000 or less | 0.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 39.0% | 34.3% |
| Approvals to franchise businesses | 40.3% | 11.5% |
| Jobs supported per approval, as reported | 14.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.1% | 6.6% |
States served
| # | State of the business (20 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 21 | $35.5M | 27.3% | |
| 2 | Georgia | 15 | $18.3M | 19.5% | |
| 3 | California | 7 | $4.3M | 9.1% | |
| 4 | Washington | 6 | $4.9M | 7.8% | |
| 5 | South Carolina | 4 | $6.2M | 5.2% | |
| 6 | New Jersey | 4 | $4.2M | 5.2% | |
| 7 | Pennsylvania | 3 | $3.6M | 3.9% | |
| 8 | Arizona | 3 | $2.2M | 3.9% | |
| 9 | Missouri | 2 | — | 2.6% | |
| 10 | Alabama | 2 | — | 2.6% | |
| 11 | Mississippi | 1 | — | 1.3% | |
| 12 | New Mexico | 1 | — | 1.3% |
In Texas the lender accounts for 0.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (51 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | El Paso County, TX | 10 | $16.3M | 13.0% | |
| 2 | DeKalb County, GA | 3 | $7.3M | 3.9% | |
| 3 | Williamson County, TX | 3 | $6.0M | 3.9% | |
| 4 | King County, WA | 3 | $3.4M | 3.9% | |
| 5 | Cobb County, GA | 3 | $2.1M | 3.9% | |
| 6 | Beaufort County, SC | 3 | $1.2M | 3.9% | |
| 7 | Bexar County, TX | 2 | — | 2.6% | |
| 8 | Bradford County, PA | 2 | — | 2.6% | |
| 9 | Bergen County, NJ | 2 | — | 2.6% | |
| 10 | Tarrant County, TX | 2 | — | 2.6% | |
| 11 | Maricopa County, AZ | 2 | — | 2.6% | |
| 12 | Chatham County, GA | 2 | — | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 27 | 35.1% | |
| 2 | Accommodation and Food Services | 14 | 18.2% | |
| 3 | Other Services (except Public Administration) | 9 | 11.7% | |
| 4 | Retail Trade | 7 | 9.1% | |
| 5 | Arts, Entertainment, and Recreation | 4 | 5.2% | |
| 6 | Manufacturing | 3 | 3.9% | |
| 7 | Construction | 2 | 2.6% | |
| 8 | Finance and Insurance | 2 | 2.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 13.0% | |
| 2 | Child Day Care ServicesNAICS 6244 | 9 | 11.7% | |
| 3 | Nursing Care Facilities (Skilled Nursing Facilities)NAICS 6231 | 4 | 5.2% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 5.2% | |
| 5 | Traveler AccommodationNAICS 7211 | 4 | 5.2% | |
| 6 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 3.9% | |
| 7 | Offices of PhysiciansNAICS 6211 | 3 | 3.9% | |
| 8 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 3.9% | |
| 9 | Other Residential Care FacilitiesNAICS 6239 | 3 | 3.9% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 2 | 2.6% |
Approval sizes
- $150,001 to $350,0007.8%6
- $350,001 to $1 million50.6%39
- $1 million to $2 million20.8%16
- Over $2 million20.8%16
Loan terms
- Over 5 to 10 years16.9%13
- Over 10 to 20 years26.0%20
- Over 20 years57.1%44
Age of the businesses
- Existing, more than 2 years old37.7%29
- New business, 2 years or less5.2%4
- Startup, loan funds will open the business33.8%26
- Change of ownership23.4%18
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 72 | 93.5% | |
| 2 | 7a General | 5 | 6.5% |
Franchise share
31 of 77 approvals in FY2021–FY2025 (40.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Kiddie Academy | 5 | 6.5% | |
| 2 | Bee Hive Homes | 4 | 5.2% | |
| 3 | Capriotti's Sandwich Shop | 3 | 3.9% | |
| 4 | Crumbl | 2 | 2.6% | |
| 5 | Scenthound | 2 | 2.6% | |
| 6 | Launch Family Entertainment | 1 | 1.3% | |
| 7 | Quality Inn | 1 | 1.3% | |
| 8 | Golden Corral | 1 | 1.3% |
Questions and answers
How many SBA loans does Coastal States Bank make?
SBA approved 19 7(a) loans through Coastal States Bank in FY2025, worth $26.2M, and 77 over FY2021 to FY2025. That ranks 383rd of 2,184 active 7(a) lenders by number of approvals.
How large are Coastal States Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $880K and the average $1.4M. The program-wide median was $190K.
What is Coastal States Bank's charge-off rate?
Of 446 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (6.1%), 352 as paid in full and 67 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 Coastal States Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (10); child day care services (9); nursing care facilities (skilled nursing facilities) (4); other amusement and recreation industries (4).
Where does Coastal States Bank make SBA loans?
In 20 states and territories. Texas 21, Georgia 15, California 7, Washington 6, South Carolina 4. In Texas it accounts for 0.1% of all 7(a) approvals.
Is Coastal States Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 40, against 57 in the three before: falling (-30%).
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