States › North Carolina › FY2021
FY20211 Oct 2020 – 30 Sep 2021
SBA loans in North Carolina, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,206 loans in North Carolina: 1,091 under 7(a) and 115 under 504, worth $1.12bn.
That is up 13% on FY2020, when there were 1,066 approvals worth $843M.
North Carolina accounted for 2.0% of the 61,532 approvals nationwide that year. 121 lenders had at least one approval in the state; Live Oak Banking Company had the most, 95.
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 FY2021, of 121 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 7(a) | 95 | $128M | 7.9% | 86 | +9 |
| 2 | Business Expansion Funding Corporation | 504 | 84 | $65.4M | 7.0% | 63 | +21 |
| 3 | Wells Fargo Bank National Association | 7(a) | 81 | $16.2M | 6.7% | 81 | 0 |
| 4 | TowneBank | 7(a) | 68 | $73.4M | 5.6% | 36 | +32 |
| 5 | Pinnacle Bank | 7(a) | 56 | $65.4M | 4.6% | 44 | +12 |
| 6 | United Midwest Savings Bank National Association | 7(a) | 47 | $11.3M | 3.9% | 35 | +12 |
| 7 | First National Bank of Pennsylvania | 7(a) | 40 | $37.9M | 3.3% | 22 | +18 |
| 8 | Newtek Small Business Finance, Inc. | 7(a) | 37 | $27.8M | 3.1% | 16 | +21 |
| 9 | Citizens Bank | 7(a) | 34 | $39.4M | 2.8% | 11 | +23 |
| 10 | United Community Bank | 7(a) | 31 | $26.8M | 2.6% | 37 | -6 |
| 11 | HomeTrust Bank | 7(a) | 27 | $29.4M | 2.2% | 24 | +3 |
| 12 | Truist Bank | 7(a) | 25 | $25.7M | 2.1% | 48 | -23 |
| 13 | North State Bank | 7(a) | 24 | $18.4M | 2.0% | 43 | -19 |
| 14 | First Bank | 7(a) | 22 | $13.0M | 1.8% | 36 | -14 |
| 15 | First Community Bank | 7(a) | 20 | $13.0M | 1.7% | 13 | +7 |
| 16 | SouthState Bank, National Association | 7(a) | 20 | $10.1M | 1.7% | 8 | +12 |
| 17 | The Huntington National Bank | 7(a) | 19 | $9.3M | 1.6% | 11 | +8 |
| 18 | GBank | 7(a) | 17 | $42.7M | 1.4% | 13 | +4 |
| 19 | The Bancorp Bank National Association | 7(a) | 17 | $15.2M | 1.4% | 18 | -1 |
| 20 | TD Bank, National Association | 7(a) | 16 | $16.4M | 1.3% | 21 | -5 |
| 21 | Readycap Lending, LLC | 7(a) | 16 | $13.9M | 1.3% | 13 | +3 |
| 22 | Carolina Business Capital, Inc. | 504 | 14 | $7.8M | 1.2% | 13 | +1 |
| 23 | Truliant FCU | 7(a) | 13 | $30.2M | 1.1% | 0 | new |
| 24 | PNC Bank, National Association | 7(a) | 13 | $4.5M | 1.1% | 11 | +2 |
| 25 | First Financial Bank | 7(a) | 12 | $14.7M | 1.0% | 7 | +5 |
| 26 | First-Citizens Bank & Trust Company | 7(a) | 12 | $6.9M | 1.0% | 14 | -2 |
| 27 | Celtic Bank Corporation | 7(a) | 11 | $8.1M | 0.9% | 12 | -1 |
| 28 | Byline Bank | 7(a) | 10 | $16.0M | 0.8% | 3 | +7 |
| 29 | Bank OZK | 7(a) | 10 | $2.6M | 0.8% | 4 | +6 |
| 30 | Peoples Bank | 7(a) | 9 | $30.1M | 0.7% | 1 | +8 |
| 31 | Customers Bank | 7(a) | 9 | $15.1M | 0.7% | 0 | new |
| 32 | Beacon Bank and Trust | 7(a) | 9 | $5.8M | 0.7% | 6 | +3 |
| 33 | The Fidelity Bank | 7(a) | 9 | $4.3M | 0.7% | 0 | new |
| 34 | BayFirst National Bank | 7(a) | 9 | $3.3M | 0.7% | 17 | -8 |
| 35 | U.S. Bank, National Association | 7(a) | 9 | $2.5M | 0.7% | 5 | +4 |
| 36 | Mountain Bizcapital, Inc. | 7(a) | 9 | $1.2M | 0.7% | 17 | -8 |
| 37 | IncredibleBank | 7(a) | 8 | $16.2M | 0.7% | 12 | -4 |
| 38 | First Bank of the Lake | 7(a) | 8 | $14.3M | 0.7% | 3 | +5 |
| 39 | Regions Bank | 7(a) | 8 | $13.3M | 0.7% | 2 | +6 |
| 40 | Bank of Oak Ridge | 7(a) | 8 | $12.7M | 0.7% | 4 | +4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Wake County | 186 | $154M | 15.4% | 164 | +22 |
| 2 | Mecklenburg County | 176 | $162M | 14.6% | 179 | -3 |
| 3 | Guilford County | 62 | $57.6M | 5.1% | 42 | +20 |
| 4 | New Hanover County | 60 | $63.7M | 5.0% | 47 | +13 |
| 5 | Durham County | 48 | $43.2M | 4.0% | 37 | +11 |
| 6 | Buncombe County | 48 | $45.5M | 4.0% | 47 | +1 |
| 7 | Union County | 45 | $31.6M | 3.7% | 27 | +18 |
| 8 | Forsyth County | 30 | $40.1M | 2.5% | 31 | -1 |
| 9 | Iredell County | 28 | $29.1M | 2.3% | 23 | +5 |
| 10 | Gaston County | 27 | $22.1M | 2.2% | 14 | +13 |
| 11 | Cumberland County | 25 | $39.6M | 2.1% | 26 | -1 |
| 12 | Cabarrus County | 22 | $17.4M | 1.8% | 27 | -5 |
| 13 | Catawba County | 20 | $22.2M | 1.7% | 17 | +3 |
| 14 | Henderson County | 18 | $23.1M | 1.5% | 22 | -4 |
| 15 | Brunswick County | 17 | $14.8M | 1.4% | 18 | -1 |
| 16 | Johnston County | 15 | $10.4M | 1.2% | 21 | -6 |
| 17 | Moore County | 15 | $20.3M | 1.2% | 7 | +8 |
| 18 | Pitt County | 14 | $15.0M | 1.2% | 17 | -3 |
| 19 | Onslow County | 14 | $9.8M | 1.2% | 22 | -8 |
| 20 | Surry County | 14 | $10.4M | 1.2% | 8 | +6 |
| 21 | Davidson County | 14 | $12.1M | 1.2% | 9 | +5 |
| 22 | Randolph County | 12 | $8.0M | 1.0% | 11 | +1 |
| 23 | Orange County | 12 | $10.8M | 1.0% | 9 | +3 |
| 24 | Alamance County | 11 | $10.0M | 0.9% | 12 | -1 |
| 25 | Nash County | 11 | $13.8M | 0.9% | 6 | +5 |
| 26 | Haywood County | 11 | $6.9M | 0.9% | 9 | +2 |
| 27 | Lincoln County | 10 | $10.8M | 0.8% | 8 | +2 |
| 28 | Dare County | 9 | $4.3M | 0.7% | 12 | -3 |
| 29 | Watauga County | 9 | $7.3M | 0.7% | 6 | +3 |
| 30 | Harnett County | 9 | $7.0M | 0.7% | 4 | +5 |
| 31 | Cleveland County | 9 | $4.3M | 0.7% | 6 | +3 |
| 32 | Wilson County | 9 | $9.9M | 0.7% | 1 | +8 |
| 33 | Carteret County | 8 | $7.1M | 0.7% | 5 | +3 |
| 34 | Franklin County | 8 | $3.2M | 0.7% | 6 | +2 |
| 35 | Chatham County | 8 | $3.8M | 0.7% | 10 | -2 |
| 36 | Wilkes County | 8 | $4.2M | 0.7% | 8 | 0 |
| 37 | Pender County | 7 | $4.5M | 0.6% | 3 | +4 |
| 38 | Craven County | 7 | $12.7M | 0.6% | 7 | 0 |
| 39 | Rowan County | 7 | $7.1M | 0.6% | 10 | -3 |
| 40 | Transylvania County | 7 | $3.8M | 0.6% | 2 | +5 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2021 against FY2020
| North Carolina | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 1,091 | 974 |
| 7(a) dollars | $1.04bn | $751M |
| Median 7(a) approval | $505K | $350K |
| 504 approvals | 115 | 92 |
| 504 dollars | $83.8M | $92.6M |
| Jobs supported, as reported | 16,298 | 14,788 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2021?
Live Oak Banking Company (95), Business Expansion Funding Corporation (84), Wells Fargo Bank National Association (81), TowneBank (68), Pinnacle Bank (56). 121 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2021?
1,206: 1,091 under 7(a) worth $1.04bn and 115 under 504 worth $83.8M.
Which North Carolina counties had the most SBA approvals in FY2021?
Wake County (186), Mecklenburg County (176), Guilford County (62), New Hanover County (60), Durham County (48).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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