States › North Carolina › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in North Carolina, FY2016
That fiscal year's approvals by lender and by county.
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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 1,396 loans in North Carolina: 1,298 under 7(a) and 98 under 504, worth $815M.
That is up 9% on FY2015, when there were 1,277 approvals worth $621M.
North Carolina accounted for 2.0% of the 70,012 approvals nationwide that year. 97 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 345.
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. Data through 30 Jun 2026.
Approvals by lender
The 40 lenders with the most approvals to North Carolina businesses in FY2016, of 97 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 345 | $65.2M | 24.7% | 280 | +65 |
| 2 | Live Oak Banking Company | 7(a) | 83 | $132M | 5.9% | 49 | +34 |
| 3 | First National Bank of Pennsylvania | 7(a) | 83 | $44.9M | 5.9% | 108 | -25 |
| 4 | Truist Bank | 7(a) | 83 | $40.6M | 5.9% | 140 | -57 |
| 5 | Business Expansion Funding Corporation | 504 | 71 | $55.2M | 5.1% | 59 | +12 |
| 6 | Celtic Bank Corporation | 7(a) | 47 | $14.5M | 3.4% | 65 | -18 |
| 7 | Stearns Bank National Association | 7(a) | 39 | $9.1M | 2.8% | 17 | +22 |
| 8 | United Community Bank | 7(a) | 38 | $33.1M | 2.7% | 19 | +19 |
| 9 | Carolina Small Business Development Fund | 7(a) | 36 | $4.2M | 2.6% | 53 | -17 |
| 10 | First Community Bank | 7(a) | 34 | $5.4M | 2.4% | 44 | -10 |
| 11 | Pinnacle Bank | 7(a) | 29 | $24.1M | 2.1% | 37 | -8 |
| 12 | First-Citizens Bank & Trust Company | 7(a) | 29 | $20.8M | 2.1% | 12 | +17 |
| 13 | PNC Bank, National Association | 7(a) | 26 | $9.0M | 1.9% | 31 | -5 |
| 14 | United Bank | 7(a) | 26 | $5.8M | 1.9% | 12 | +14 |
| 15 | Southern Bank and Trust Company | 7(a) | 25 | $3.2M | 1.8% | 37 | -12 |
| 16 | First Financial Bank | 7(a) | 21 | $27.0M | 1.5% | 21 | 0 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 20 | $16.1M | 1.4% | 11 | +9 |
| 18 | BayFirst National Bank | 7(a) | 18 | $4.2M | 1.3% | 1 | +17 |
| 19 | SouthState Bank, National Association | 7(a) | 17 | $14.0M | 1.2% | 5 | +12 |
| 20 | First Horizon Bank | 7(a) | 16 | $17.3M | 1.1% | 11 | +5 |
| 21 | First Bank | 7(a) | 16 | $13.1M | 1.1% | 11 | +5 |
| 22 | Fifth Third Bank | 7(a) | 15 | $4.5M | 1.1% | 18 | -3 |
| 23 | TD Bank, National Association | 7(a) | 14 | $9.4M | 1.0% | 12 | +2 |
| 24 | BankUnited, National Association | 7(a) | 13 | $21.8M | 0.9% | 5 | +8 |
| 25 | Citizens Bank | 7(a) | 13 | $14.6M | 0.9% | 0 | new |
| 26 | Carolina Business Capital, Inc. | 504 | 13 | $6.5M | 0.9% | 10 | +3 |
| 27 | GBank | 7(a) | 12 | $20.6M | 0.9% | 3 | +9 |
| 28 | Capital Bank, National Association | 7(a) | 12 | $14.2M | 0.9% | 9 | +3 |
| 29 | Ameris Bank | 7(a) | 12 | $13.7M | 0.9% | 13 | -1 |
| 30 | Truliant FCU | 7(a) | 12 | $4.6M | 0.9% | 10 | +2 |
| 31 | United Bank | 7(a) | 10 | $1.0M | 0.7% | 11 | -1 |
| 32 | Northeast Bank | 7(a) | 9 | $1.8M | 0.6% | 4 | +5 |
| 33 | Bank Five Nine | 7(a) | 8 | $4.0M | 0.6% | 1 | +7 |
| 34 | The Bancorp Bank National Association | 7(a) | 7 | $10.7M | 0.5% | 4 | +3 |
| 35 | Banc of California | 7(a) | 7 | $7.7M | 0.5% | 7 | 0 |
| 36 | Bank of America, National Association | 7(a) | 6 | $1.7M | 0.4% | 12 | -6 |
| 37 | Corning FCU | 7(a) | 6 | $553K | 0.4% | 4 | +2 |
| 38 | Readycap Lending, LLC | 7(a) | 5 | $6.1M | 0.4% | 0 | new |
| 39 | Regions Bank | 7(a) | 5 | $5.1M | 0.4% | 6 | -1 |
| 40 | Simmons Bank | 7(a) | 5 | $1.8M | 0.4% | 11 | -6 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 235 | $124M | 16.8% | 195 | +40 |
| 2 | Wake County | 187 | $93.5M | 13.4% | 186 | +1 |
| 3 | Guilford County | 55 | $40.0M | 3.9% | 67 | -12 |
| 4 | Durham County | 54 | $28.1M | 3.9% | 55 | -1 |
| 5 | Buncombe County | 53 | $19.2M | 3.8% | 58 | -5 |
| 6 | Union County | 48 | $38.9M | 3.4% | 47 | +1 |
| 7 | New Hanover County | 45 | $36.8M | 3.2% | 42 | +3 |
| 8 | Cabarrus County | 36 | $31.9M | 2.6% | 32 | +4 |
| 9 | Surry County | 32 | $9.3M | 2.3% | 34 | -2 |
| 10 | Cumberland County | 29 | $18.3M | 2.1% | 22 | +7 |
| 11 | Forsyth County | 29 | $17.4M | 2.1% | 43 | -14 |
| 12 | Iredell County | 27 | $24.8M | 1.9% | 33 | -6 |
| 13 | Pitt County | 24 | $7.6M | 1.7% | 25 | -1 |
| 14 | Orange County | 22 | $7.4M | 1.6% | 27 | -5 |
| 15 | Sampson County | 22 | $34.4M | 1.6% | 3 | +19 |
| 16 | Alamance County | 19 | $8.9M | 1.4% | 10 | +9 |
| 17 | Onslow County | 19 | $4.2M | 1.4% | 15 | +4 |
| 18 | Moore County | 18 | $12.4M | 1.3% | 12 | +6 |
| 19 | Brunswick County | 18 | $7.3M | 1.3% | 7 | +11 |
| 20 | Randolph County | 17 | $9.5M | 1.2% | 12 | +5 |
| 21 | Dare County | 17 | $2.4M | 1.2% | 20 | -3 |
| 22 | Catawba County | 16 | $12.1M | 1.1% | 9 | +7 |
| 23 | Gaston County | 16 | $12.2M | 1.1% | 18 | -2 |
| 24 | Wayne County | 14 | $7.3M | 1.0% | 13 | +1 |
| 25 | Johnston County | 13 | $10.1M | 0.9% | 16 | -3 |
| 26 | Carteret County | 13 | $4.7M | 0.9% | 7 | +6 |
| 27 | Pender County | 12 | $9.4M | 0.9% | 6 | +6 |
| 28 | Henderson County | 12 | $3.0M | 0.9% | 8 | +4 |
| 29 | Rowan County | 12 | $2.1M | 0.9% | 12 | 0 |
| 30 | Cleveland County | 11 | $9.9M | 0.8% | 6 | +5 |
| 31 | Craven County | 11 | $8.2M | 0.8% | 8 | +3 |
| 32 | Lincoln County | 11 | $9.1M | 0.8% | 9 | +2 |
| 33 | Harnett County | 10 | $5.2M | 0.7% | 6 | +4 |
| 34 | Beaufort County | 10 | $3.4M | 0.7% | 8 | +2 |
| 35 | Wilkes County | 10 | $2.9M | 0.7% | 11 | -1 |
| 36 | Davidson County | 9 | $2.3M | 0.6% | 10 | -1 |
| 37 | Granville County | 8 | $8.7M | 0.6% | 4 | +4 |
| 38 | Nash County | 8 | $9.9M | 0.6% | 6 | +2 |
| 39 | Burke County | 8 | $2.4M | 0.6% | 12 | -4 |
| 40 | Robeson County | 8 | $6.6M | 0.6% | 8 | 0 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2016 against FY2015
| North Carolina | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 1,298 | 1,193 |
| 7(a) dollars | $744M | $575M |
| Median 7(a) approval | $200K | $162K |
| 504 approvals | 98 | 84 |
| 504 dollars | $71.2M | $46.0M |
| Jobs supported, as reported | 15,351 | 12,867 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2016?
Wells Fargo Bank National Association (345), Live Oak Banking Company (83), First National Bank of Pennsylvania (83), Truist Bank (83), Business Expansion Funding Corporation (71). 97 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2016?
1,396: 1,298 under 7(a) worth $744M and 98 under 504 worth $71.2M.
Which North Carolina counties had the most SBA approvals in FY2016?
Mecklenburg County (235), Wake County (187), Guilford County (55), Durham County (54), Buncombe County (53).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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