States › North Carolina › FY2022
FY20221 Oct 2021 – 30 Sep 2022
SBA loans in North Carolina, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 1,102 loans in North Carolina: 982 under 7(a) and 120 under 504, worth $872M.
That is down 9% on FY2021, when there were 1,206 approvals worth $1.12bn.
North Carolina accounted for 1.9% of the 56,932 approvals nationwide that year. 117 lenders had at least one approval in the state; Live Oak Banking Company had the most, 89.
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 FY2022, of 117 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 7(a) | 89 | $120M | 8.1% | 95 | -6 |
| 2 | Wells Fargo Bank National Association | 7(a) | 88 | $5.8M | 8.0% | 81 | +7 |
| 3 | Business Expansion Funding Corporation | 504 | 76 | $79.5M | 6.9% | 84 | -8 |
| 4 | The Huntington National Bank | 7(a) | 64 | $31.1M | 5.8% | 19 | +45 |
| 5 | Newtek Small Business Finance, Inc. | 7(a) | 53 | $25.1M | 4.8% | 37 | +16 |
| 6 | TowneBank | 7(a) | 52 | $57.1M | 4.7% | 68 | -16 |
| 7 | Pinnacle Bank | 7(a) | 36 | $29.7M | 3.3% | 56 | -20 |
| 8 | Readycap Lending, LLC | 7(a) | 27 | $8.3M | 2.5% | 16 | +11 |
| 9 | Celtic Bank Corporation | 7(a) | 26 | $20.3M | 2.4% | 11 | +15 |
| 10 | The Fidelity Bank | 7(a) | 26 | $18.1M | 2.4% | 9 | +17 |
| 11 | 504 Capital Corporation | 504 | 23 | $25.1M | 2.1% | 8 | +15 |
| 12 | HomeTrust Bank | 7(a) | 23 | $15.5M | 2.1% | 27 | -4 |
| 13 | BayFirst National Bank | 7(a) | 23 | $5.2M | 2.1% | 9 | +14 |
| 14 | First National Bank of Pennsylvania | 7(a) | 22 | $27.4M | 2.0% | 40 | -18 |
| 15 | TD Bank, National Association | 7(a) | 20 | $5.2M | 1.8% | 16 | +4 |
| 16 | PNC Bank, National Association | 7(a) | 19 | $7.8M | 1.7% | 13 | +6 |
| 17 | United Midwest Savings Bank National Association | 7(a) | 19 | $6.8M | 1.7% | 47 | -28 |
| 18 | United Community Bank | 7(a) | 17 | $14.1M | 1.5% | 31 | -14 |
| 19 | Truist Bank | 7(a) | 17 | $12.8M | 1.5% | 25 | -8 |
| 20 | GBank | 7(a) | 16 | $45.0M | 1.5% | 17 | -1 |
| 21 | Bank of Oak Ridge | 7(a) | 16 | $16.1M | 1.5% | 8 | +8 |
| 22 | First Community Bank | 7(a) | 16 | $5.2M | 1.5% | 20 | -4 |
| 23 | SouthState Bank, National Association | 7(a) | 15 | $6.9M | 1.4% | 20 | -5 |
| 24 | Mountain Bizcapital, Inc. | 7(a) | 15 | $2.2M | 1.4% | 9 | +6 |
| 25 | Citizens Bank | 7(a) | 14 | $10.4M | 1.3% | 34 | -20 |
| 26 | First Financial Bank | 7(a) | 13 | $10.0M | 1.2% | 12 | +1 |
| 27 | Carolina Business Capital, Inc. | 504 | 13 | $10.0M | 1.2% | 14 | -1 |
| 28 | First Bank | 7(a) | 13 | $6.7M | 1.2% | 22 | -9 |
| 29 | North State Bank | 7(a) | 9 | $4.3M | 0.8% | 24 | -15 |
| 30 | CIBC Bank USA | 7(a) | 8 | $8.0M | 0.7% | 5 | +3 |
| 31 | Fifth Third Bank | 7(a) | 8 | $6.3M | 0.7% | 7 | +1 |
| 32 | The Bancorp Bank National Association | 7(a) | 8 | $2.3M | 0.7% | 17 | -9 |
| 33 | JPMorgan Chase Bank, National Association | 7(a) | 8 | $1.5M | 0.7% | 1 | +7 |
| 34 | Customers Bank | 7(a) | 7 | $12.6M | 0.6% | 9 | -2 |
| 35 | First Bank of the Lake | 7(a) | 7 | $10.5M | 0.6% | 8 | -1 |
| 36 | Bank of America, National Association | 7(a) | 7 | $2.1M | 0.6% | 4 | +3 |
| 37 | Peoples Bank | 7(a) | 6 | $22.0M | 0.5% | 9 | -3 |
| 38 | Truliant FCU | 7(a) | 6 | $10.2M | 0.5% | 13 | -7 |
| 39 | IncredibleBank | 7(a) | 6 | $10.0M | 0.5% | 8 | -2 |
| 40 | Byline Bank | 7(a) | 6 | $9.4M | 0.5% | 10 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 175 | $154M | 15.9% | 176 | -1 |
| 2 | Wake County | 162 | $109M | 14.7% | 186 | -24 |
| 3 | Guilford County | 50 | $42.0M | 4.5% | 62 | -12 |
| 4 | New Hanover County | 49 | $33.0M | 4.4% | 60 | -11 |
| 5 | Buncombe County | 46 | $30.6M | 4.2% | 48 | -2 |
| 6 | Durham County | 33 | $33.3M | 3.0% | 48 | -15 |
| 7 | Forsyth County | 30 | $21.2M | 2.7% | 30 | 0 |
| 8 | Union County | 27 | $18.7M | 2.5% | 45 | -18 |
| 9 | Iredell County | 26 | $19.1M | 2.4% | 28 | -2 |
| 10 | Gaston County | 26 | $20.2M | 2.4% | 27 | -1 |
| 11 | Johnston County | 22 | $20.0M | 2.0% | 15 | +7 |
| 12 | Onslow County | 22 | $15.9M | 2.0% | 14 | +8 |
| 13 | Pitt County | 21 | $11.6M | 1.9% | 14 | +7 |
| 14 | Henderson County | 20 | $17.5M | 1.8% | 18 | +2 |
| 15 | Cumberland County | 19 | $15.6M | 1.7% | 25 | -6 |
| 16 | Cabarrus County | 18 | $12.2M | 1.6% | 22 | -4 |
| 17 | Alamance County | 17 | $22.8M | 1.5% | 11 | +6 |
| 18 | Stanly County | 15 | $13.8M | 1.4% | 4 | +11 |
| 19 | Brunswick County | 15 | $12.0M | 1.4% | 17 | -2 |
| 20 | Carteret County | 14 | $9.5M | 1.3% | 8 | +6 |
| 21 | Surry County | 13 | $4.7M | 1.2% | 14 | -1 |
| 22 | Lincoln County | 13 | $3.9M | 1.2% | 10 | +3 |
| 23 | Randolph County | 11 | $9.2M | 1.0% | 12 | -1 |
| 24 | Dare County | 11 | $11.7M | 1.0% | 9 | +2 |
| 25 | Wayne County | 11 | $5.2M | 1.0% | 6 | +5 |
| 26 | Nash County | 11 | $8.4M | 1.0% | 11 | 0 |
| 27 | Haywood County | 10 | $3.8M | 0.9% | 11 | -1 |
| 28 | Catawba County | 9 | $3.9M | 0.8% | 20 | -11 |
| 29 | Orange County | 9 | $5.2M | 0.8% | 12 | -3 |
| 30 | Rowan County | 8 | $5.3M | 0.7% | 7 | +1 |
| 31 | Richmond County | 8 | $7.3M | 0.7% | 4 | +4 |
| 32 | Wilkes County | 8 | $2.6M | 0.7% | 8 | 0 |
| 33 | Cleveland County | 7 | $4.9M | 0.6% | 9 | -2 |
| 34 | Craven County | 7 | $4.6M | 0.6% | 7 | 0 |
| 35 | Rutherford County | 7 | $9.5M | 0.6% | 5 | +2 |
| 36 | Burke County | 7 | $9.8M | 0.6% | 4 | +3 |
| 37 | Pasquotank County | 7 | $8.5M | 0.6% | 3 | +4 |
| 38 | Chatham County | 7 | $6.9M | 0.6% | 8 | -1 |
| 39 | Harnett County | 6 | $8.9M | 0.5% | 9 | -3 |
| 40 | Currituck County | 6 | $2.5M | 0.5% | 4 | +2 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2022 against FY2021
| North Carolina | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 982 | 1,091 |
| 7(a) dollars | $752M | $1.04bn |
| Median 7(a) approval | $350K | $505K |
| 504 approvals | 120 | 115 |
| 504 dollars | $120M | $83.8M |
| Jobs supported, as reported | 15,155 | 16,298 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2022?
Live Oak Banking Company (89), Wells Fargo Bank National Association (88), Business Expansion Funding Corporation (76), The Huntington National Bank (64), Newtek Small Business Finance, Inc. (53). 117 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2022?
1,102: 982 under 7(a) worth $752M and 120 under 504 worth $120M.
Which North Carolina counties had the most SBA approvals in FY2022?
Mecklenburg County (175), Wake County (162), Guilford County (50), New Hanover County (49), Buncombe County (46).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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