States › North Carolina › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in North Carolina, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,990 loans in North Carolina: 1,906 under 7(a) and 84 under 504, worth $1.33bn.
That is up 19% on FY2024, when there were 1,679 approvals worth $1.09bn.
North Carolina accounted for 2.3% of the 84,840 approvals nationwide that year. 139 lenders had at least one approval in the state; Northeast Bank had the most, 242.
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 FY2025, of 139 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Mecklenburg County | 378 | $260M | 19.0% | 275 | +103 |
| 2 | Wake County | 324 | $190M | 16.3% | 279 | +45 |
| 3 | Guilford County | 100 | $66.0M | 5.0% | 89 | +11 |
| 4 | Union County | 80 | $50.3M | 4.0% | 59 | +21 |
| 5 | New Hanover County | 80 | $62.7M | 4.0% | 69 | +11 |
| 6 | Durham County | 67 | $56.4M | 3.4% | 71 | -4 |
| 7 | Forsyth County | 64 | $38.0M | 3.2% | 51 | +13 |
| 8 | Buncombe County | 61 | $40.6M | 3.1% | 63 | -2 |
| 9 | Iredell County | 53 | $30.6M | 2.7% | 31 | +22 |
| 10 | Cabarrus County | 52 | $24.1M | 2.6% | 54 | -2 |
| 11 | Gaston County | 38 | $24.9M | 1.9% | 22 | +16 |
| 12 | Cumberland County | 34 | $24.2M | 1.7% | 35 | -1 |
| 13 | Orange County | 30 | $21.1M | 1.5% | 22 | +8 |
| 14 | Alamance County | 25 | $11.9M | 1.3% | 18 | +7 |
| 15 | Catawba County | 25 | $18.0M | 1.3% | 29 | -4 |
| 16 | Onslow County | 25 | $22.5M | 1.3% | 29 | -4 |
| 17 | Davidson County | 24 | $24.9M | 1.2% | 12 | +12 |
| 18 | Lincoln County | 22 | $13.9M | 1.1% | 12 | +10 |
| 19 | Nash County | 21 | $23.5M | 1.1% | 10 | +11 |
| 20 | Johnston County | 20 | $11.3M | 1.0% | 35 | -15 |
| 21 | Brunswick County | 19 | $16.0M | 1.0% | 20 | -1 |
| 22 | Henderson County | 17 | $4.6M | 0.9% | 18 | -1 |
| 23 | Pender County | 16 | $13.7M | 0.8% | 13 | +3 |
| 24 | Moore County | 16 | $10.7M | 0.8% | 15 | +1 |
| 25 | Franklin County | 16 | $11.0M | 0.8% | 7 | +9 |
| 26 | Surry County | 15 | $6.6M | 0.8% | 14 | +1 |
| 27 | Rockingham County | 15 | $15.6M | 0.8% | 5 | +10 |
| 28 | Rowan County | 14 | $12.1M | 0.7% | 11 | +3 |
| 29 | Pitt County | 13 | $6.2M | 0.7% | 23 | -10 |
| 30 | Lee County | 13 | $11.1M | 0.7% | 6 | +7 |
| 31 | Carteret County | 13 | $4.9M | 0.7% | 14 | -1 |
| 32 | Burke County | 13 | $12.1M | 0.7% | 9 | +4 |
| 33 | Chatham County | 13 | $7.0M | 0.7% | 18 | -5 |
| 34 | Harnett County | 12 | $5.1M | 0.6% | 17 | -5 |
| 35 | Wayne County | 12 | $5.7M | 0.6% | 4 | +8 |
| 36 | Craven County | 12 | $4.5M | 0.6% | 13 | -1 |
| 37 | Wilkes County | 12 | $5.3M | 0.6% | 13 | -1 |
| 38 | Macon County | 11 | $10.0M | 0.6% | 6 | +5 |
| 39 | Haywood County | 11 | $13.0M | 0.6% | 8 | +3 |
| 40 | Dare County | 10 | $13.5M | 0.5% | 14 | -4 |
The 40 counties with the most approvals; every county is on the North Carolina page.
FY2025 against FY2024
| North Carolina | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 1,906 | 1,603 |
| 7(a) dollars | $1.20bn | $970M |
| Median 7(a) approval | $271K | $250K |
| 504 approvals | 84 | 76 |
| 504 dollars | $130M | $117M |
| Jobs supported, as reported | 21,928 | 17,855 |
Questions and answers
Which lenders made the most SBA loans in North Carolina in FY2025?
Northeast Bank (242), The Huntington National Bank (161), Live Oak Banking Company (124), Newtek Bank, National Association (119), Readycap Lending, LLC (80). 139 lenders had at least one approval.
How many SBA loans were approved in North Carolina in FY2025?
1,990: 1,906 under 7(a) worth $1.20bn and 84 under 504 worth $130M.
Which North Carolina counties had the most SBA approvals in FY2025?
Mecklenburg County (378), Wake County (324), Guilford County (100), Union County (80), New Hanover County (80).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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