States › North Carolina › FY2019
FY20191 Oct 2018 – 30 Sep 2019
SBA loans in North Carolina, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 1,193 loans in North Carolina: 1,122 under 7(a) and 71 under 504, worth $687M.
That is down 12% on FY2018, when there were 1,355 approvals worth $808M.
North Carolina accounted for 2.1% of the 58,006 approvals nationwide that year. 105 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 145.
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 FY2019, of 105 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 145 | $20.0M | 12.2% | 179 | -34 |
| 2 | Truist Bank | 7(a) | 96 | $48.2M | 8.0% | 91 | +5 |
| 3 | Live Oak Banking Company | 7(a) | 57 | $73.4M | 4.8% | 47 | +10 |
| 4 | Business Expansion Funding Corporation | 504 | 50 | $32.1M | 4.2% | 45 | +5 |
| 5 | United Community Bank | 7(a) | 46 | $30.7M | 3.9% | 72 | -26 |
| 6 | Pinnacle Bank | 7(a) | 42 | $28.2M | 3.5% | 23 | +19 |
| 7 | BayFirst National Bank | 7(a) | 41 | $10.5M | 3.4% | 26 | +15 |
| 8 | Stearns Bank National Association | 7(a) | 40 | $9.9M | 3.4% | 40 | 0 |
| 9 | United Midwest Savings Bank National Association | 7(a) | 36 | $8.7M | 3.0% | 21 | +15 |
| 10 | Newtek Small Business Finance, Inc. | 7(a) | 35 | $23.2M | 2.9% | 19 | +16 |
| 11 | Celtic Bank Corporation | 7(a) | 31 | $14.2M | 2.6% | 61 | -30 |
| 12 | HomeTrust Bank | 7(a) | 28 | $24.5M | 2.3% | 20 | +8 |
| 13 | First Community Bank | 7(a) | 27 | $10.2M | 2.3% | 41 | -14 |
| 14 | First National Bank of Pennsylvania | 7(a) | 26 | $22.3M | 2.2% | 53 | -27 |
| 15 | TD Bank, National Association | 7(a) | 24 | $4.2M | 2.0% | 29 | -5 |
| 16 | First Bank | 7(a) | 22 | $10.0M | 1.8% | 36 | -14 |
| 17 | PNC Bank, National Association | 7(a) | 21 | $3.9M | 1.8% | 38 | -17 |
| 18 | Fifth Third Bank | 7(a) | 20 | $13.5M | 1.7% | 24 | -4 |
| 19 | First-Citizens Bank & Trust Company | 7(a) | 18 | $10.5M | 1.5% | 27 | -9 |
| 20 | North State Bank | 7(a) | 17 | $6.9M | 1.4% | 19 | -2 |
| 21 | SouthState Bank, National Association | 7(a) | 15 | $13.3M | 1.3% | 15 | 0 |
| 22 | Southern Bank and Trust Company | 7(a) | 15 | $2.0M | 1.3% | 36 | -21 |
| 23 | GBank | 7(a) | 14 | $43.0M | 1.2% | 12 | +2 |
| 24 | Readycap Lending, LLC | 7(a) | 14 | $9.7M | 1.2% | 10 | +4 |
| 25 | Bank of America, National Association | 7(a) | 13 | $6.7M | 1.1% | 8 | +5 |
| 26 | Northeast Bank | 7(a) | 13 | $1.9M | 1.1% | 39 | -26 |
| 27 | The Huntington National Bank | 7(a) | 12 | $10.3M | 1.0% | 5 | +7 |
| 28 | The Bancorp Bank National Association | 7(a) | 12 | $10.2M | 1.0% | 5 | +7 |
| 29 | Independence Bank | 7(a) | 12 | $1.8M | 1.0% | 29 | -17 |
| 30 | Carolina Business Capital, Inc. | 504 | 11 | $15.9M | 0.9% | 10 | +1 |
| 31 | PromiseOne Bank | 7(a) | 10 | $16.9M | 0.8% | 8 | +2 |
| 32 | Capital Bank, National Association | 7(a) | 10 | $10.2M | 0.8% | 2 | +8 |
| 33 | Simmons Bank | 7(a) | 10 | $4.2M | 0.8% | 6 | +4 |
| 34 | Mountain Bizcapital, Inc. | 7(a) | 10 | $910K | 0.8% | 25 | -15 |
| 35 | IncredibleBank | 7(a) | 9 | $10.5M | 0.8% | 0 | new |
| 36 | Five Star Bank | 7(a) | 9 | $2.2M | 0.8% | 10 | -1 |
| 37 | Carolina Small Business Development Fund | 7(a) | 8 | $1.1M | 0.7% | 29 | -21 |
| 38 | Byline Bank | 7(a) | 7 | $9.3M | 0.6% | 8 | -1 |
| 39 | First Horizon Bank | 7(a) | 7 | $3.5M | 0.6% | 8 | -1 |
| 40 | First Financial Bank | 7(a) | 7 | $2.7M | 0.6% | 26 | -19 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 216 | $131M | 18.1% | 234 | -18 |
| 2 | Wake County | 199 | $102M | 16.7% | 204 | -5 |
| 3 | New Hanover County | 60 | $32.6M | 5.0% | 41 | +19 |
| 4 | Buncombe County | 55 | $29.1M | 4.6% | 73 | -18 |
| 5 | Guilford County | 46 | $30.8M | 3.9% | 57 | -11 |
| 6 | Union County | 38 | $25.6M | 3.2% | 35 | +3 |
| 7 | Durham County | 37 | $16.5M | 3.1% | 49 | -12 |
| 8 | Cabarrus County | 28 | $13.3M | 2.3% | 40 | -12 |
| 9 | Iredell County | 28 | $17.8M | 2.3% | 33 | -5 |
| 10 | Orange County | 24 | $22.2M | 2.0% | 13 | +11 |
| 11 | Forsyth County | 23 | $9.3M | 1.9% | 35 | -12 |
| 12 | Gaston County | 23 | $11.1M | 1.9% | 24 | -1 |
| 13 | Surry County | 21 | $8.0M | 1.8% | 33 | -12 |
| 14 | Cumberland County | 19 | $15.2M | 1.6% | 15 | +4 |
| 15 | Pitt County | 19 | $13.7M | 1.6% | 21 | -2 |
| 16 | Henderson County | 18 | $3.9M | 1.5% | 25 | -7 |
| 17 | Catawba County | 16 | $10.2M | 1.3% | 17 | -1 |
| 18 | Johnston County | 15 | $5.0M | 1.3% | 14 | +1 |
| 19 | Wilkes County | 13 | $6.7M | 1.1% | 5 | +8 |
| 20 | Randolph County | 12 | $8.6M | 1.0% | 11 | +1 |
| 21 | Alamance County | 12 | $5.1M | 1.0% | 15 | -3 |
| 22 | Onslow County | 12 | $9.0M | 1.0% | 16 | -4 |
| 23 | Davidson County | 12 | $5.7M | 1.0% | 14 | -2 |
| 24 | Moore County | 11 | $4.9M | 0.9% | 10 | +1 |
| 25 | Rutherford County | 10 | $5.6M | 0.8% | 2 | +8 |
| 26 | Chatham County | 10 | $2.9M | 0.8% | 11 | -1 |
| 27 | Haywood County | 10 | $3.4M | 0.8% | 7 | +3 |
| 28 | Carteret County | 9 | $7.7M | 0.8% | 8 | +1 |
| 29 | Nash County | 9 | $7.9M | 0.8% | 6 | +3 |
| 30 | Dare County | 8 | $7.2M | 0.7% | 10 | -2 |
| 31 | Burke County | 8 | $8.4M | 0.7% | 7 | +1 |
| 32 | Brunswick County | 8 | $4.5M | 0.7% | 11 | -3 |
| 33 | Caldwell County | 8 | $2.0M | 0.7% | 9 | -1 |
| 34 | Cleveland County | 7 | $7.0M | 0.6% | 7 | 0 |
| 35 | Lee County | 7 | $7.3M | 0.6% | 7 | 0 |
| 36 | Craven County | 7 | $5.9M | 0.6% | 9 | -2 |
| 37 | Watauga County | 6 | $2.3M | 0.5% | 6 | 0 |
| 38 | Columbus County | 6 | $3.3M | 0.5% | 2 | +4 |
| 39 | Rowan County | 6 | $7.6M | 0.5% | 7 | -1 |
| 40 | Pasquotank County | 6 | $1.4M | 0.5% | 12 | -6 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2019 against FY2018
| North Carolina | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 1,122 | 1,292 |
| 7(a) dollars | $629M | $750M |
| Median 7(a) approval | $255K | $200K |
| 504 approvals | 71 | 63 |
| 504 dollars | $57.1M | $59.0M |
| Jobs supported, as reported | 13,865 | 15,877 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2019?
Wells Fargo Bank National Association (145), Truist Bank (96), Live Oak Banking Company (57), Business Expansion Funding Corporation (50), United Community Bank (46). 105 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2019?
1,193: 1,122 under 7(a) worth $629M and 71 under 504 worth $57.1M.
Which North Carolina counties had the most SBA approvals in FY2019?
Mecklenburg County (216), Wake County (199), New Hanover County (60), Buncombe County (55), Guilford County (46).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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