States › North Carolina › FY2017
FY20171 Oct 2016 – 30 Sep 2017
SBA loans in North Carolina, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 1,461 loans in North Carolina: 1,368 under 7(a) and 93 under 504, worth $849M.
That is about level with FY2016, when there were 1,396 approvals worth $815M.
North Carolina accounted for 2.1% of the 68,648 approvals nationwide that year. 101 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 224.
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 FY2017, of 101 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 224 | $60.1M | 15.3% | 345 | -121 |
| 2 | Truist Bank | 7(a) | 80 | $46.6M | 5.5% | 83 | -3 |
| 3 | Business Expansion Funding Corporation | 504 | 77 | $62.9M | 5.3% | 71 | +6 |
| 4 | First National Bank of Pennsylvania | 7(a) | 77 | $44.9M | 5.3% | 83 | -6 |
| 5 | Live Oak Banking Company | 7(a) | 64 | $93.1M | 4.4% | 83 | -19 |
| 6 | Celtic Bank Corporation | 7(a) | 59 | $18.8M | 4.0% | 47 | +12 |
| 7 | Pinnacle Bank | 7(a) | 43 | $29.9M | 2.9% | 29 | +14 |
| 8 | First Community Bank | 7(a) | 40 | $8.0M | 2.7% | 34 | +6 |
| 9 | United Community Bank | 7(a) | 37 | $28.3M | 2.5% | 38 | -1 |
| 10 | First Bank | 7(a) | 36 | $34.8M | 2.5% | 16 | +20 |
| 11 | Carolina Small Business Development Fund | 7(a) | 36 | $4.2M | 2.5% | 36 | 0 |
| 12 | First-Citizens Bank & Trust Company | 7(a) | 35 | $21.7M | 2.4% | 29 | +6 |
| 13 | BayFirst National Bank | 7(a) | 34 | $6.7M | 2.3% | 18 | +16 |
| 14 | Stearns Bank National Association | 7(a) | 33 | $10.9M | 2.3% | 39 | -6 |
| 15 | TD Bank, National Association | 7(a) | 31 | $13.8M | 2.1% | 14 | +17 |
| 16 | Fifth Third Bank | 7(a) | 30 | $20.9M | 2.1% | 15 | +15 |
| 17 | Northeast Bank | 7(a) | 30 | $6.6M | 2.1% | 9 | +21 |
| 18 | Southern Bank and Trust Company | 7(a) | 30 | $4.5M | 2.1% | 25 | +5 |
| 19 | North State Bank | 7(a) | 24 | $24.0M | 1.6% | 3 | +21 |
| 20 | Newtek Small Business Finance, Inc. | 7(a) | 24 | $16.8M | 1.6% | 20 | +4 |
| 21 | PNC Bank, National Association | 7(a) | 24 | $6.8M | 1.6% | 26 | -2 |
| 22 | Independence Bank | 7(a) | 21 | $1.9M | 1.4% | 2 | +19 |
| 23 | Mountain Bizcapital, Inc. | 7(a) | 20 | $2.1M | 1.4% | 3 | +17 |
| 24 | Citizens Bank | 7(a) | 19 | $22.4M | 1.3% | 13 | +6 |
| 25 | First Financial Bank | 7(a) | 17 | $11.7M | 1.2% | 21 | -4 |
| 26 | Georgia Banking Company | 7(a) | 15 | $8.6M | 1.0% | 4 | +11 |
| 27 | United Bank | 7(a) | 15 | $2.7M | 1.0% | 26 | -11 |
| 28 | Ameris Bank | 7(a) | 14 | $10.0M | 1.0% | 12 | +2 |
| 29 | United Bank | 7(a) | 14 | $6.1M | 1.0% | 10 | +4 |
| 30 | GBank | 7(a) | 12 | $27.2M | 0.8% | 12 | 0 |
| 31 | The Bancorp Bank National Association | 7(a) | 12 | $8.2M | 0.8% | 7 | +5 |
| 32 | Regions Bank | 7(a) | 11 | $11.8M | 0.8% | 5 | +6 |
| 33 | SouthState Bank, National Association | 7(a) | 10 | $6.1M | 0.7% | 17 | -7 |
| 34 | Bank of America, National Association | 7(a) | 10 | $4.6M | 0.7% | 6 | +4 |
| 35 | First Horizon Bank | 7(a) | 9 | $12.7M | 0.6% | 16 | -7 |
| 36 | Truliant FCU | 7(a) | 9 | $3.4M | 0.6% | 12 | -3 |
| 37 | United Midwest Savings Bank National Association | 7(a) | 9 | $1.9M | 0.6% | 2 | +7 |
| 38 | Carolina Business Capital, Inc. | 7(a) | 9 | $1.1M | 0.6% | 0 | new |
| 39 | Capital Bank, National Association | 7(a) | 8 | $15.3M | 0.5% | 12 | -4 |
| 40 | Carolina Business Capital, Inc. | 504 | 8 | $13.3M | 0.5% | 13 | -5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 262 | $187M | 17.9% | 235 | +27 |
| 2 | Wake County | 235 | $126M | 16.1% | 187 | +48 |
| 3 | Buncombe County | 72 | $23.2M | 4.9% | 53 | +19 |
| 4 | Guilford County | 67 | $42.5M | 4.6% | 55 | +12 |
| 5 | New Hanover County | 56 | $32.8M | 3.8% | 45 | +11 |
| 6 | Durham County | 49 | $21.2M | 3.4% | 54 | -5 |
| 7 | Forsyth County | 41 | $27.7M | 2.8% | 29 | +12 |
| 8 | Union County | 36 | $19.8M | 2.5% | 48 | -12 |
| 9 | Surry County | 31 | $4.7M | 2.1% | 32 | -1 |
| 10 | Cumberland County | 30 | $25.4M | 2.1% | 29 | +1 |
| 11 | Iredell County | 28 | $12.5M | 1.9% | 27 | +1 |
| 12 | Cabarrus County | 27 | $14.3M | 1.8% | 36 | -9 |
| 13 | Pitt County | 24 | $11.8M | 1.6% | 24 | 0 |
| 14 | Johnston County | 21 | $15.8M | 1.4% | 13 | +8 |
| 15 | Gaston County | 21 | $11.3M | 1.4% | 16 | +5 |
| 16 | Onslow County | 18 | $8.8M | 1.2% | 19 | -1 |
| 17 | Brunswick County | 18 | $17.1M | 1.2% | 18 | 0 |
| 18 | Alamance County | 17 | $14.9M | 1.2% | 19 | -2 |
| 19 | Henderson County | 17 | $7.2M | 1.2% | 12 | +5 |
| 20 | Moore County | 16 | $12.5M | 1.1% | 18 | -2 |
| 21 | Orange County | 16 | $8.1M | 1.1% | 22 | -6 |
| 22 | Dare County | 14 | $2.2M | 1.0% | 17 | -3 |
| 23 | Rutherford County | 14 | $5.2M | 1.0% | 2 | +12 |
| 24 | Rowan County | 14 | $8.6M | 1.0% | 12 | +2 |
| 25 | Davidson County | 14 | $7.7M | 1.0% | 9 | +5 |
| 26 | Harnett County | 13 | $6.6M | 0.9% | 10 | +3 |
| 27 | Catawba County | 13 | $4.1M | 0.9% | 16 | -3 |
| 28 | Wilson County | 13 | $12.8M | 0.9% | 5 | +8 |
| 29 | Wilkes County | 12 | $7.6M | 0.8% | 10 | +2 |
| 30 | Carteret County | 11 | $5.9M | 0.8% | 13 | -2 |
| 31 | Randolph County | 10 | $7.6M | 0.7% | 17 | -7 |
| 32 | Nash County | 10 | $3.8M | 0.7% | 8 | +2 |
| 33 | Chatham County | 9 | $7.0M | 0.6% | 4 | +5 |
| 34 | Haywood County | 9 | $5.1M | 0.6% | 8 | +1 |
| 35 | Watauga County | 8 | $5.8M | 0.5% | 7 | +1 |
| 36 | Burke County | 8 | $6.7M | 0.5% | 8 | 0 |
| 37 | Pasquotank County | 8 | $4.7M | 0.5% | 5 | +3 |
| 38 | Franklin County | 8 | $6.4M | 0.5% | 7 | +1 |
| 39 | Pender County | 7 | $2.4M | 0.5% | 12 | -5 |
| 40 | Lincoln County | 7 | $4.0M | 0.5% | 11 | -4 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2017 against FY2016
| North Carolina | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 1,368 | 1,298 |
| 7(a) dollars | $765M | $744M |
| Median 7(a) approval | $217K | $200K |
| 504 approvals | 93 | 98 |
| 504 dollars | $84.0M | $71.2M |
| Jobs supported, as reported | 16,701 | 15,351 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2017?
Wells Fargo Bank National Association (224), Truist Bank (80), Business Expansion Funding Corporation (77), First National Bank of Pennsylvania (77), Live Oak Banking Company (64). 101 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2017?
1,461: 1,368 under 7(a) worth $765M and 93 under 504 worth $84.0M.
Which North Carolina counties had the most SBA approvals in FY2017?
Mecklenburg County (262), Wake County (235), Buncombe County (72), Guilford County (67), New Hanover County (56).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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