SBA Ledger

States › South Carolina › FY2020

FY20201 Oct 2019 – 30 Sep 2020

SBA loans in South Carolina, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 458 loans in South Carolina: 416 under 7(a) and 42 under 504, worth $328M.

That is down 23% on FY2019, when there were 593 approvals worth $346M.

South Carolina accounted for 0.9% of the 49,417 approvals nationwide that year. 89 lenders had at least one approval in the state; TD Bank, National Association had the most, 65.

458approvalsFY2019: 593
$328Mdollars approvedFY2019: $346M
$324Kmedian 7(a) approvalFY2019: $217K
89lenders with an approval
4,977jobs supported, as reported

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 South Carolina businesses in FY2020, of 89 active.

#LenderProgramApprovalsDollarsShare of stateFY2019Change
1TD Bank, National Association7(a)65$17.3M14.2%115-50
2Wells Fargo Bank National Association7(a)42$6.0M9.2%63-21
3United Community Bank7(a)26$27.1M5.7%21+5
4Live Oak Banking Company7(a)23$32.2M5.0%18+5
5Pinnacle Bank7(a)23$22.8M5.0%230
6United Midwest Savings Bank National Association7(a)23$3.5M5.0%15+8
7Countybank7(a)16$14.0M3.5%19-3
8Provident Business Financial Services, Inc.50413$17.1M2.8%23-10
9Certified Development Corporation of South Carolina50413$8.2M2.8%7+6
10The Huntington National Bank7(a)11$9.3M2.4%8+3
11Business Development Corporation of South Carolina7(a)11$2.1M2.4%10+1
12Stearns Bank National Association7(a)10$2.3M2.2%20-10
13Citizens Bank7(a)8$15.2M1.7%5+3
14BayFirst National Bank7(a)8$1.2M1.7%23-15
15Celtic Bank Corporation7(a)7$8.7M1.5%3+4
16Appalachian Development Corporation5047$7.2M1.5%11-4
17Bank of Travelers Rest7(a)7$4.9M1.5%8-1
18Truist Bank7(a)6$6.5M1.3%12-6
19TowneBank7(a)5$6.1M1.1%3+2
20SouthState Bank, National Association7(a)5$2.6M1.1%50
21Readycap Lending, LLC7(a)5$2.4M1.1%7-2
22North State Bank7(a)4$2.9M0.9%1+3
23PNC Bank, National Association7(a)4$2.2M0.9%1+3
24CSRA Local Development Corporation5044$2.0M0.9%40
25The Bancorp Bank National Association7(a)4$1.8M0.9%2+2
26First-Citizens Bank & Trust Company7(a)4$1.4M0.9%11-7
27First Merchants Bank7(a)4$370K0.9%2+2
28PromiseOne Bank7(a)3$8.7M0.7%30
29The MINT National Bank7(a)3$7.0M0.7%0new
30HomeTrust Bank7(a)3$6.6M0.7%0new
31GBank7(a)3$6.2M0.7%2+1
32Ameris Bank7(a)3$5.5M0.7%30
33VelocitySBA, LLC7(a)3$4.1M0.7%0new
34Embassy National Bank7(a)3$4.1M0.7%6-3
35Harvest Small Business Finance, LLC7(a)3$3.7M0.7%0new
36IncredibleBank7(a)3$3.0M0.7%1+2
37First Horizon Bank7(a)3$2.6M0.7%30
38Gulf Coast Bank and Trust Company7(a)3$1.9M0.7%0new
39JPMorgan Chase Bank, National Association7(a)3$735K0.7%0new
40Five Star Bank7(a)3$582K0.7%4-1

Approvals by county

#CountyApprovalsDollarsShare of stateFY2019Change
1Greenville County99$66.5M21.6%110-11
2Charleston County49$36.5M10.7%87-38
3Lexington County42$34.4M9.2%33+9
4Richland County35$14.3M7.6%29+6
5Horry County31$26.4M6.8%50-19
6York County28$12.6M6.1%36-8
7Beaufort County22$20.2M4.8%28-6
8Spartanburg County20$12.7M4.4%30-10
9Pickens County13$5.9M2.8%8+5
10Orangeburg County12$9.3M2.6%10+2
11Oconee County12$14.4M2.6%10+2
12Anderson County11$4.9M2.4%18-7
13Berkeley County10$5.6M2.2%25-15
14Aiken County9$10.1M2.0%12-3
15Dorchester County8$2.9M1.7%20-12
16Colleton County8$10.1M1.7%2+6
17Florence County8$4.6M1.7%12-4
18Lancaster County5$2.6M1.1%18-13
19Laurens County5$5.2M1.1%10-5
20Jasper County4$9.3M0.9%5-1
21Sumter County4$481K0.9%2+2
22Georgetown County4$3.0M0.9%7-3
23Cherokee County3$3.3M0.7%1+2
24Greenwood County2—0.4%4-2
25Newberry County2—0.4%5-3
26Clarendon County2—0.4%1+1
27Kershaw County1—0.2%3-2
28Calhoun County1—0.2%3-2
29Chester County1—0.2%3-2
30Edgefield County1—0.2%2-1
31Saluda County1—0.2%10
32Darlington County1—0.2%10
33Chesterfield County1—0.2%10
34Barnwell County1—0.2%2-1
35Marion County1—0.2%10
36Hampton County1—0.2%2-1

FY2020 against FY2019

South CarolinaFY2020FY2019
7(a) approvals416542
7(a) dollars$291M$305M
Median 7(a) approval$324K$217K
504 approvals4251
504 dollars$37.0M$40.7M
Jobs supported, as reported4,9776,158

Questions and answers

Which lenders made the most SBA loans in South Carolina in FY2020?

TD Bank, National Association (65), Wells Fargo Bank National Association (42), United Community Bank (26), Live Oak Banking Company (23), Pinnacle Bank (23). 89 lenders had at least one approval.

How many SBA loans were approved in South Carolina in FY2020?

458: 416 under 7(a) worth $291M and 42 under 504 worth $37.0M.

Which South Carolina counties had the most SBA approvals in FY2020?

Greenville County (99), Charleston County (49), Lexington County (42), Richland County (35), Horry County (31).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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