States › North Carolina › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in North Carolina, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 1,355 loans in North Carolina: 1,292 under 7(a) and 63 under 504, worth $808M.
That is about level with FY2017, when there were 1,461 approvals worth $849M.
North Carolina accounted for 2.0% of the 66,228 approvals nationwide that year. 95 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 179.
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 FY2018, of 95 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 179 | $36.9M | 13.2% | 224 | -45 |
| 2 | Truist Bank | 7(a) | 91 | $42.9M | 6.7% | 80 | +11 |
| 3 | United Community Bank | 7(a) | 72 | $65.8M | 5.3% | 37 | +35 |
| 4 | Celtic Bank Corporation | 7(a) | 61 | $10.7M | 4.5% | 59 | +2 |
| 5 | First National Bank of Pennsylvania | 7(a) | 53 | $36.0M | 3.9% | 77 | -24 |
| 6 | Live Oak Banking Company | 7(a) | 47 | $89.9M | 3.5% | 64 | -17 |
| 7 | Business Expansion Funding Corporation | 504 | 45 | $39.5M | 3.3% | 77 | -32 |
| 8 | First Community Bank | 7(a) | 41 | $5.6M | 3.0% | 40 | +1 |
| 9 | Stearns Bank National Association | 7(a) | 40 | $9.4M | 3.0% | 33 | +7 |
| 10 | Northeast Bank | 7(a) | 39 | $4.2M | 2.9% | 30 | +9 |
| 11 | PNC Bank, National Association | 7(a) | 38 | $26.4M | 2.8% | 24 | +14 |
| 12 | First Bank | 7(a) | 36 | $36.6M | 2.7% | 36 | 0 |
| 13 | Southern Bank and Trust Company | 7(a) | 36 | $3.3M | 2.7% | 30 | +6 |
| 14 | TD Bank, National Association | 7(a) | 29 | $3.9M | 2.1% | 31 | -2 |
| 15 | Carolina Small Business Development Fund | 7(a) | 29 | $3.8M | 2.1% | 36 | -7 |
| 16 | Independence Bank | 7(a) | 29 | $3.2M | 2.1% | 21 | +8 |
| 17 | First-Citizens Bank & Trust Company | 7(a) | 27 | $18.8M | 2.0% | 35 | -8 |
| 18 | First Financial Bank | 7(a) | 26 | $21.7M | 1.9% | 17 | +9 |
| 19 | BayFirst National Bank | 7(a) | 26 | $5.3M | 1.9% | 34 | -8 |
| 20 | Mountain Bizcapital, Inc. | 7(a) | 25 | $2.3M | 1.8% | 20 | +5 |
| 21 | Fifth Third Bank | 7(a) | 24 | $10.6M | 1.8% | 30 | -6 |
| 22 | Pinnacle Bank | 7(a) | 23 | $20.8M | 1.7% | 43 | -20 |
| 23 | United Midwest Savings Bank National Association | 7(a) | 21 | $6.9M | 1.5% | 9 | +12 |
| 24 | HomeTrust Bank | 7(a) | 20 | $31.2M | 1.5% | 1 | +19 |
| 25 | North State Bank | 7(a) | 19 | $15.1M | 1.4% | 24 | -5 |
| 26 | Newtek Small Business Finance, Inc. | 7(a) | 19 | $11.1M | 1.4% | 24 | -5 |
| 27 | SouthState Bank, National Association | 7(a) | 15 | $14.7M | 1.1% | 10 | +5 |
| 28 | GBank | 7(a) | 12 | $26.0M | 0.9% | 12 | 0 |
| 29 | Carolina Business Capital, Inc. | 504 | 10 | $15.0M | 0.7% | 8 | +2 |
| 30 | Readycap Lending, LLC | 7(a) | 10 | $13.0M | 0.7% | 8 | +2 |
| 31 | Citizens Bank | 7(a) | 10 | $9.6M | 0.7% | 19 | -9 |
| 32 | Ameris Bank | 7(a) | 10 | $7.7M | 0.7% | 14 | -4 |
| 33 | Five Star Bank | 7(a) | 10 | $2.4M | 0.7% | 0 | new |
| 34 | Harvest Small Business Finance, LLC | 7(a) | 9 | $18.0M | 0.7% | 2 | +7 |
| 35 | PromiseOne Bank | 7(a) | 8 | $13.6M | 0.6% | 6 | +2 |
| 36 | Byline Bank | 7(a) | 8 | $9.3M | 0.6% | 4 | +4 |
| 37 | Bank of America, National Association | 7(a) | 8 | $6.2M | 0.6% | 10 | -2 |
| 38 | First Horizon Bank | 7(a) | 8 | $5.8M | 0.6% | 9 | -1 |
| 39 | Happen Bank | 7(a) | 7 | $7.2M | 0.5% | 6 | +1 |
| 40 | Florida Capital Bank, National Association | 7(a) | 7 | $1.1M | 0.5% | 1 | +6 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 234 | $135M | 17.3% | 262 | -28 |
| 2 | Wake County | 204 | $121M | 15.1% | 235 | -31 |
| 3 | Buncombe County | 73 | $47.1M | 5.4% | 72 | +1 |
| 4 | Guilford County | 57 | $35.7M | 4.2% | 67 | -10 |
| 5 | Durham County | 49 | $27.3M | 3.6% | 49 | 0 |
| 6 | New Hanover County | 41 | $26.8M | 3.0% | 56 | -15 |
| 7 | Cabarrus County | 40 | $26.9M | 3.0% | 27 | +13 |
| 8 | Union County | 35 | $17.1M | 2.6% | 36 | -1 |
| 9 | Forsyth County | 35 | $17.9M | 2.6% | 41 | -6 |
| 10 | Iredell County | 33 | $24.6M | 2.4% | 28 | +5 |
| 11 | Surry County | 33 | $3.5M | 2.4% | 31 | +2 |
| 12 | Henderson County | 25 | $7.2M | 1.8% | 17 | +8 |
| 13 | Gaston County | 24 | $14.9M | 1.8% | 21 | +3 |
| 14 | Pitt County | 21 | $12.9M | 1.5% | 24 | -3 |
| 15 | Catawba County | 17 | $11.8M | 1.3% | 13 | +4 |
| 16 | Lincoln County | 17 | $11.5M | 1.3% | 7 | +10 |
| 17 | Onslow County | 16 | $11.2M | 1.2% | 18 | -2 |
| 18 | Cumberland County | 15 | $12.1M | 1.1% | 30 | -15 |
| 19 | Alamance County | 15 | $10.8M | 1.1% | 17 | -2 |
| 20 | Johnston County | 14 | $6.6M | 1.0% | 21 | -7 |
| 21 | Davidson County | 14 | $5.2M | 1.0% | 14 | 0 |
| 22 | Orange County | 13 | $10.7M | 1.0% | 16 | -3 |
| 23 | Pasquotank County | 12 | $1.4M | 0.9% | 8 | +4 |
| 24 | Randolph County | 11 | $5.4M | 0.8% | 10 | +1 |
| 25 | Pender County | 11 | $3.1M | 0.8% | 7 | +4 |
| 26 | Brunswick County | 11 | $6.5M | 0.8% | 18 | -7 |
| 27 | Chatham County | 11 | $6.6M | 0.8% | 9 | +2 |
| 28 | Dare County | 10 | $3.5M | 0.7% | 14 | -4 |
| 29 | Moore County | 10 | $5.9M | 0.7% | 16 | -6 |
| 30 | Beaufort County | 10 | $3.7M | 0.7% | 5 | +5 |
| 31 | Robeson County | 10 | $21.1M | 0.7% | 5 | +5 |
| 32 | Stanly County | 9 | $5.6M | 0.7% | 5 | +4 |
| 33 | Craven County | 9 | $6.6M | 0.7% | 6 | +3 |
| 34 | Caldwell County | 9 | $3.4M | 0.7% | 5 | +4 |
| 35 | Carteret County | 8 | $7.9M | 0.6% | 11 | -3 |
| 36 | Alleghany County | 8 | $1.8M | 0.6% | 1 | +7 |
| 37 | Cleveland County | 7 | $6.9M | 0.5% | 5 | +2 |
| 38 | Lee County | 7 | $1.4M | 0.5% | 6 | +1 |
| 39 | Stokes County | 7 | $3.0M | 0.5% | 2 | +5 |
| 40 | Rowan County | 7 | $14.9M | 0.5% | 14 | -7 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2018 against FY2017
| North Carolina | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 1,292 | 1,368 |
| 7(a) dollars | $750M | $765M |
| Median 7(a) approval | $200K | $217K |
| 504 approvals | 63 | 93 |
| 504 dollars | $59.0M | $84.0M |
| Jobs supported, as reported | 15,877 | 16,701 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2018?
Wells Fargo Bank National Association (179), Truist Bank (91), United Community Bank (72), Celtic Bank Corporation (61), First National Bank of Pennsylvania (53). 95 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2018?
1,355: 1,292 under 7(a) worth $750M and 63 under 504 worth $59.0M.
Which North Carolina counties had the most SBA approvals in FY2018?
Mecklenburg County (234), Wake County (204), Buncombe County (73), Guilford County (57), Durham County (49).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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