SBA Ledger

States › South Carolina

State1.1% of US approvals204 lenders active

SBA loans in South Carolina

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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.

SBA approved 3,775 small business loans in South Carolina in FY2021 to FY2025: 3,529 under the 7(a) program and 246 under 504, worth $2.51bn together.

That is 30.7 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 1.1% of all approvals in the country (25th of 54 states and territories).

In FY2025 there were 970 approvals totalling $580M, up 15% on FY2024. The median 7(a) approval over the five years was $260K and the median 504 approval $892K.

204 lenders had at least one approval in the state; by number of 7(a) approvals the most active were TD Bank, National Association (549), The Huntington National Bank (257) and Wells Fargo Bank National Association (235).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 8.0% as charged off, against 6.6% nationally.

970approvals, FY20253,775 in FY2021–FY2025
$580Mapproved, FY2025$2.51bn in FY2021–FY2025
30.7approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$260Kmedian 7(a) approvalUS: $190K
8.0%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in South Carolina

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in SC, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1TD Bank, National AssociationWilmington, DE549$111M15.6%$50K14.4%
2The Huntington National BankColumbus, OH257$114M7.3%$92K5.7%
3Wells Fargo Bank National AssociationSioux Falls, SD235$35.1M6.7%$15K7.9%
4Live Oak Banking CompanyWilmington, NC159$195M4.5%$850K2.2%
5SouthState Bank, National AssociationWinter Haven, FL140$82.8M4.0%$350K2.8%
6Pinnacle BankNashville, TN138$156M3.9%$745K6.0%
7Northeast BankLewiston, ME125$16.8M3.5%$106K12.8%
8CountybankGreenwood, SC124$88.0M3.5%$560K0.0%
9Newtek Bank, National AssociationMiami, FL120$57.7M3.4%$225K—
10Readycap Lending, LLCBerkeley Heights, NJ120$56.4M3.4%$138K4.3%
11BayFirst National BankSaint Petersburg, FL115$22.3M3.3%$150K19.2%
12United Midwest Savings Bank National AssociationDe Graff, OH105$28.8M3.0%$150K15.9%
13Newtek Small Business Finance, Inc.Lake Success, NY74$36.0M2.1%$300K6.8%
14United Community BankGreenville, SC66$52.6M1.9%$550K4.5%
15Celtic Bank CorporationSalt Lake City, UT62$33.5M1.8%$150K17.0%
16Bank of America, National AssociationCharlotte, NC53$28.2M1.5%$300K2.6%
17First-Citizens Bank & Trust CompanyRaleigh, NC48$51.0M1.4%$697K5.4%
18GBankLas Vegas, NV46$131M1.3%$2.2M1.7%
19Citizens BankElizabethton, TN39$27.2M1.1%$495K5.4%
20First BankSouthern Pines, NC35$37.4M1.0%$688K5.6%
21TowneBankPortsmouth, VA34$30.4M1.0%$638K3.3%
22Bank of Travelers RestTravelers Rest, SC34$20.5M1.0%$300K0.0%
23HomeTrust BankAsheville, NC32$33.5M0.9%$817K2.8%
24Lendistry SBLC, LLCLos Angeles, CA29$7.0M0.8%$150K22.7%
25Harvest Small Business Finance, LLCLaguna Hills, CA27$23.9M0.8%$765K0.4%
26Business Development Corporation of South CarolinaColumbia, SC26$9.8M0.7%$354K2.3%
27First Bank of the LakeOsage Beach, MO25$23.7M0.7%$350K2.7%
28Truist BankCharlotte, NC22$15.7M0.6%$771K4.5%
29Security Federal BankAiken, SC22$6.7M0.6%$277K—
30First Internet Bank of IndianaFishers, IN20$24.2M0.6%$895K5.3%
31Bank of Oak RidgeOak Ridge, NC20$21.6M0.6%$572K5.3%
32First National Bank of PennsylvaniaGreenville, PA20$20.7M0.6%$621K9.2%
33The Fidelity BankFuquay Varina, NC18$11.5M0.5%$670K6.5%
34Capital Bank, National AssociationRockville, MD17$10.1M0.5%$312K6.5%
35U.S. Bank, National AssociationCincinnati, OH16$1.4M0.5%$45K6.2%
36Byline BankChicago, IL15$20.9M0.4%$806K9.5%
37Truliant FCUWinston-Salem, NC15$13.8M0.4%$1.1M7.6%
38JPMorgan Chase Bank, National AssociationColumbus, OH15$3.3M0.4%$200K7.4%
39Regions BankBirmingham, AL14$24.5M0.4%$527K4.7%
40Peoples BankMendenhall, MS13$43.4M0.4%$322K8.3%

504 certified development companies

#LenderApprovals in SC, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Provident Business Financial Services, Inc.West Columbia, SC · 504 CDC91$115M37.0%$841K0.0%
2Appalachian Development CorporationGreenville, SC · 504 CDC65$69.2M26.4%$768K2.5%
3Certified Development Corporation of South CarolinaColumbia, SC · 504 CDC46$64.5M18.7%$1.1M2.6%
4CSRA Local Development CorporationAugusta, GA · 504 CDC16$29.0M6.5%$833K1.9%
5Catawba Regional Development CorporationRock Hill, SC · 504 CDC13$13.5M5.3%$800K—
6Business Expansion Funding CorporationCharlotte, NC · 504 CDC10$13.6M4.1%$754K0.7%
7Chesapeake Business Finance CorporationBethesda, MD · 504 CDC1—0.4%$926K4.8%
8Carolina Business Capital, Inc.Charlotte, NC · 504 CDC1—0.4%$752K2.1%
9Florida Business Development CorporationTampa, FL · 504 CDC1—0.4%$597K1.2%
10Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC1—0.4%$684K1.1%
11Small Business Assistance CorporationSavannah, GA · 504 CDC1—0.4%$767K2.4%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*470$286M$257K37$44.3M5075,612
FY2025927$506M$235K43$74.5M9709,214
FY2024803$437M$204K38$50.3M8418,417
FY2023681$372M$225K28$34.3M7097,716
FY2022562$343M$291K60$81.6M6228,019
FY2021556$542M$528K77$75.3M6339,128
FY2020416$291M$324K42$37.0M4584,977
FY2019542$305M$217K51$40.7M5936,158
FY2018578$310M$150K29$36.7M6076,358
FY2017515$357M$240K34$31.2M5495,466
FY2016484$252M$166K34$27.9M5185,080

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in South Carolina by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Greenville County612$369M15,49339.5
2Charleston County499$322M15,80131.6
3York County282$180M6,23145.3
4Richland County277$173M9,42629.4
5Horry County270$189M10,55025.6
6Spartanburg County231$163M7,39931.2
7Beaufort County219$132M6,08736.0
8Lexington County214$140M7,39129.0
9Berkeley County172$127M4,23040.7
10Anderson County142$76.1M4,16034.1
11Dorchester County101$61.6M2,86135.3
12Pickens County87$42.4M2,25438.6
13Lancaster County79$52.6M1,76944.7
14Aiken County74$53.7M3,06724.1
15Florence County58$48.2M3,28217.7
16Oconee County43$16.1M1,76124.4
17Laurens County43$20.6M98543.7
18Georgetown County41$28.3M2,03820.1
19Jasper County35$54.5M83841.8
20Sumter County34$42.9M1,83318.5
21Kershaw County33$31.2M1,20827.3
22Newberry County26$8.3M78133.3
23Greenwood County22$15.5M1,35416.2
24Orangeburg County20$32.0M1,63012.3
25Colleton County15$19.1M79318.9
26Cherokee County15$24.4M93516.0
27Chesterfield County14$9.1M69020.3
28Abbeville County10$2.3M34329.2
29Fairfield County10$5.9M33130.2
30Darlington County10$13.8M1,1218.9
31Calhoun County9$7.3M24237.2
32Edgefield County9$2.8M35525.4
33Marlboro County9$5.7M30529.5
34Chester County8$6.5M56014.3
35Saluda County8$2.6M25731.1
36Williamsburg County8$8.5M46517.2
37Union County6$2.5M41814.4
38Bamberg County5$2.9M24820.2
39Dillon County5$5.3M49510.1
40Lee County4$2.5M21218.9
41Barnwell County4$2.0M35311.3
42Marion County4$2.2M4898.2
43Clarendon County3$5.7M4976.0
44McCormick County2—10519.0
45Hampton County2—3186.3
46Allendale County1—1258.0

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 7225408$263M10.8%
2Services to Buildings and DwellingsNAICS 5617146$42.5M3.9%
3Traveler AccommodationNAICS 7211139$391M3.7%
4Offices of Other Health PractitionersNAICS 6213120$41.8M3.2%
5Personal Care ServicesNAICS 8121115$36.7M3.0%
6Automotive Repair and MaintenanceNAICS 8111114$70.9M3.0%
7Residential Building ConstructionNAICS 2361109$45.0M2.9%
8General Freight TruckingNAICS 4841107$35.9M2.8%
9Building Equipment ContractorsNAICS 2382103$42.9M2.7%
10Other Amusement and Recreation IndustriesNAICS 7139101$85.3M2.7%
11Other Personal ServicesNAICS 812981$33.1M2.1%
12Building Finishing ContractorsNAICS 238380$29.1M2.1%
13Other Specialty Trade ContractorsNAICS 238976$41.1M2.0%
14Management, Scientific, and Technical Consulting ServicesNAICS 541675$32.2M2.0%
15Child Day Care ServicesNAICS 624470$83.0M1.9%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services62116.5%
2Construction45512.1%
3Retail Trade44311.7%
4Other Services (except Public Administration)3749.9%
5Health Care and Social Assistance3669.7%
6Professional, Scientific, and Technical Services2757.3%
7Administrative and Support and Waste Management and Remediation Services2556.8%
8Manufacturing2155.7%
9Transportation and Warehousing1935.1%
10Wholesale Trade1333.5%

Franchise brands

#BrandApprovalsShare
1Quality Inn200.5%
2Servpro130.3%
3The UPS Store110.3%
4Red Roof Inn100.3%
5Days Inn80.2%
6Eggs Up Grill80.2%
7Anytime Fitness80.2%
8Bruster's Real Ice Cream80.2%
9Sleep Inn70.2%
10Subway70.2%

How earlier loans turned out

South Carolina, 7(a)8.0%
United States, 7(a)6.6%
South Carolina, 5041.5%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021SC 7(a)US 7(a)SC 504US 504
Approvals in these years5,133639,90552785,591
Cancelled or never disbursed57579,31312312,514
Disbursed loans4,558560,59240473,077
Paid in full3,300435,81321135,491
Charged off36336,8916905
Still outstanding (status exempt from disclosure)89587,88818736,681
Charged off, share of disbursed loans8.0%6.6%1.5%1.2%
Dollars charged off, share of disbursed dollars2.2%2.5%1.0%0.9%
Dollars charged off$62.2M$5.70bn$3.2M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025South CarolinaUnited States
Approvals per 1,000 establishments30.741.0
Median 7(a) approval$260K$190K
Median 504 approval$892K$657K
504 share of approvals6.5%11.0%
Jobs supported per approval, as reported11.310.5
Approvals, change on FY2016–FY202039%10%

Questions and answers

Which lenders make the most SBA loans in South Carolina?

By 7(a) approvals in FY2021 to FY2025: TD Bank, National Association (549), The Huntington National Bank (257), Wells Fargo Bank National Association (235), Live Oak Banking Company (159), SouthState Bank, National Association (140). For 504 loans: Provident Business Financial Services, Inc. (91), Appalachian Development Corporation (65), Certified Development Corporation of South Carolina (46). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in South Carolina?

The median 7(a) approval was $260K and the median 504 approval $892K; the average across both programs was $666K.

Which industries get the most SBA loans in South Carolina?

Restaurants and Other Eating Places (408); Services to Buildings and Dwellings (146); Traveler Accommodation (139); Offices of Other Health Practitioners (120); Personal Care Services (115).

Which South Carolina counties receive the most SBA loans?

Greenville County (612), Charleston County (499), York County (282), Richland County (277), Horry County (270), by approvals in FY2021 to FY2025.

Is SBA lending in South Carolina rising?

Approvals in the three latest complete fiscal years total 2,520, against 1,713 in the three before: rising (+47%).

What share of SBA loans in South Carolina are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 8.0% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.5% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error