Lenders › Truliant FCU
7(a) lenderWinston-Salem, North Carolinacredit union133rd of 2,184 by approvals
Truliant FCU
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 274 7(a) loans, worth $405M, through Truliant FCU of Winston-Salem, North Carolina, a credit union in the SBA 7(a) program. By number of approvals that is 133rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 166 approvals totalling $223M, up 152% on FY2024 (66). FY2026 to 30 Jun 2026 adds 69 more.
The median approval was $1.1M, against $190K for the 7(a) program as a whole; 0.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 40 states and territories and 171 counties, led by North Carolina (19.7%), Texas (7.3%) and Florida (6.9%). The largest industry group was retail trade at 15.0% of approvals, and 12.8% of approvals were to franchise businesses.
Of 118 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (7.6%), 100 as paid in full and 9 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 69 | $92.5M | $1.1M | $1.3M | 997 |
| FY2025 | 166 | $223M | $1.0M | $1.3M | 3,151 |
| FY2024 | 66 | $104M | $1.2M | $1.6M | 1,082 |
| FY2023 | 19 | $27.6M | $1.2M | $1.5M | 375 |
| FY2022 | 10 | $20.5M | $1.6M | $2.0M | 140 |
| FY2021 | 13 | $30.2M | $2.4M | $2.3M | 156 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 3 | $508K | $100K | $169K | 28 |
| FY2017 | 9 | $3.4M | $179K | $378K | 151 |
| FY2016 | 12 | $4.6M | $125K | $382K | 137 |
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 24 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 | 135 | 12,808 | 639,905 |
| Cancelled or never disbursed | 17 | 1,480 | 79,313 |
| Disbursed loans | 118 | 11,328 | 560,592 |
| Paid in full | 100 | 8,649 | 435,813 |
| Charged off | 9 | 705 | 36,891 |
| Still outstanding (status exempt from disclosure) | 9 | 1,974 | 87,888 |
| Charged off, share of disbursed loans | 7.6% | 6.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.8% | 1.8% | 2.5% |
| Dollars charged off | $432K | $111M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 11 | 7 | 0 | — | 2.8% |
| FY2020 | 0 | 0 | 0 | — | 4.0% |
| FY2019 | 0 | 0 | 0 | — | 6.7% |
| FY2018 | 3 | 3 | 0 | — | 7.9% |
| FY2017 | 7 | 5 | 0 | — | 7.7% |
| FY2016 | 12 | 9 | 1 | — | 7.2% |
| FY2015 | 9 | 9 | 0 | — | 6.9% |
| FY2014 | 8 | 6 | 2 | — | 6.4% |
| FY2013 | 9 | 8 | 1 | — | 6.0% |
| FY2012 | 18 | 17 | 1 | — | 6.3% |
| FY2011 | 25 | 22 | 2 | — | 6.9% |
| FY2010 | 16 | 14 | 2 | — | 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 | $1.1M | $190K |
| Average approval | $1.5M | $518K |
| Approvals of $150,000 or less | 0.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 13.1% | 34.3% |
| Approvals to franchise businesses | 12.8% | 11.5% |
| Jobs supported per approval, as reported | 17.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 7.6% | 6.6% |
States served
| # | State of the business (40 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | North Carolina | 54 | $85.3M | 19.7% | |
| 2 | Texas | 20 | $33.9M | 7.3% | |
| 3 | Florida | 19 | $35.2M | 6.9% | |
| 4 | New Jersey | 17 | $24.2M | 6.2% | |
| 5 | Virginia | 16 | $21.6M | 5.8% | |
| 6 | Georgia | 15 | $18.0M | 5.5% | |
| 7 | South Carolina | 15 | $13.8M | 5.5% | |
| 8 | California | 14 | $25.3M | 5.1% | |
| 9 | Illinois | 10 | $14.1M | 3.6% | |
| 10 | Massachusetts | 7 | $11.2M | 2.6% | |
| 11 | Pennsylvania | 7 | $6.4M | 2.6% | |
| 12 | Nevada | 7 | $4.7M | 2.6% |
In North Carolina the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (171 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mecklenburg County, NC | 13 | $17.1M | 4.7% | |
| 2 | Clark County, NV | 7 | $4.7M | 2.6% | |
| 3 | Iredell County, NC | 6 | $14.1M | 2.2% | |
| 4 | Atlantic County, NJ | 6 | $6.0M | 2.2% | |
| 5 | Cabarrus County, NC | 5 | $10.6M | 1.8% | |
| 6 | Gaston County, NC | 5 | $9.5M | 1.8% | |
| 7 | Guilford County, NC | 5 | $8.0M | 1.8% | |
| 8 | Cook County, IL | 5 | $6.8M | 1.8% | |
| 9 | Broward County, FL | 4 | $9.1M | 1.5% | |
| 10 | Dallas County, TX | 4 | $6.8M | 1.5% | |
| 11 | Maricopa County, AZ | 4 | $5.6M | 1.5% | |
| 12 | Charleston County, SC | 4 | $5.5M | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 41 | 15.0% | |
| 2 | Accommodation and Food Services | 40 | 14.6% | |
| 3 | Construction | 38 | 13.9% | |
| 4 | Other Services (except Public Administration) | 34 | 12.4% | |
| 5 | Professional, Scientific, and Technical Services | 27 | 9.9% | |
| 6 | Health Care and Social Assistance | 21 | 7.7% | |
| 7 | Manufacturing | 19 | 6.9% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 14 | 5.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 32 | 11.7% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 18 | 6.6% | |
| 3 | Personal Care ServicesNAICS 8121 | 14 | 5.1% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 4.7% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 10 | 3.6% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 9 | 3.3% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 8 | 2.9% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 2.6% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 7 | 2.6% | |
| 10 | Traveler AccommodationNAICS 7211 | 6 | 2.2% |
Approval sizes
- $50,001 to $150,0000.7%2
- $150,001 to $350,00014.2%39
- $350,001 to $1 million31.8%87
- $1 million to $2 million28.8%79
- Over $2 million24.5%67
Loan terms
- Over 5 to 10 years74.5%204
- Over 10 to 20 years4.4%12
- Over 20 years21.2%58
Age of the businesses
- Existing, more than 2 years old31.8%87
- New business, 2 years or less4.4%12
- Startup, loan funds will open the business8.8%24
- Change of ownership55.1%151
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 240 | 87.6% | |
| 2 | 7a General | 26 | 9.5% | |
| 3 | International Trade Loans | 6 | 2.2% | |
| 4 | SBA Express Program | 2 | 0.7% |
Franchise share
35 of 274 approvals in FY2021–FY2025 (12.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Tropical Smoothie Cafe | 4 | 1.5% | |
| 2 | Best Western | 2 | 0.7% | |
| 3 | Sommers Oil Company | 2 | 0.7% | |
| 4 | Launch Family Entertainment | 1 | 0.4% | |
| 5 | The Learning Experience | 1 | 0.4% | |
| 6 | Quality Inn | 1 | 0.4% | |
| 7 | Crumbl | 1 | 0.4% | |
| 8 | J.T. Alexander & Son Inc | 1 | 0.4% |
Questions and answers
How many SBA loans does Truliant FCU make?
SBA approved 166 7(a) loans through Truliant FCU in FY2025, worth $223M, and 274 over FY2021 to FY2025. That ranks 133rd of 2,184 active 7(a) lenders by number of approvals.
How large are Truliant FCU's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $1.1M and the average $1.5M. The program-wide median was $190K.
What is Truliant FCU's charge-off rate?
Of 118 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (7.6%), 100 as paid in full and 9 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 Truliant FCU lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (32); building equipment contractors (18); personal care services (14); automotive repair and maintenance (13).
Where does Truliant FCU make SBA loans?
In 40 states and territories. North Carolina 54, Texas 20, Florida 19, New Jersey 17, Virginia 16. In North Carolina it accounts for 0.8% of all 7(a) approvals.
Is Truliant FCU's SBA lending rising?
Approvals in the three latest complete fiscal years total 251, against 23 in the three before: rising (+991%).
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