States › South Carolina › FY2021
FY20211 Oct 2020 – 30 Sep 2021
SBA loans in South 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 633 loans in South Carolina: 556 under 7(a) and 77 under 504, worth $617M.
That is up 38% on FY2020, when there were 458 approvals worth $328M.
South Carolina accounted for 1.0% of the 61,532 approvals nationwide that year. 103 lenders had at least one approval in the state; TD Bank, National Association had the most, 61.
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 FY2021, of 103 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 61 | $29.2M | 9.6% | 65 | -4 |
| 2 | Wells Fargo Bank National Association | 7(a) | 41 | $6.0M | 6.5% | 42 | -1 |
| 3 | Live Oak Banking Company | 7(a) | 38 | $50.6M | 6.0% | 23 | +15 |
| 4 | Countybank | 7(a) | 35 | $33.0M | 5.5% | 16 | +19 |
| 5 | Pinnacle Bank | 7(a) | 33 | $45.9M | 5.2% | 23 | +10 |
| 6 | United Midwest Savings Bank National Association | 7(a) | 31 | $9.8M | 4.9% | 23 | +8 |
| 7 | Provident Business Financial Services, Inc. | 504 | 30 | $31.1M | 4.7% | 13 | +17 |
| 8 | SouthState Bank, National Association | 7(a) | 23 | $24.7M | 3.6% | 5 | +18 |
| 9 | The Huntington National Bank | 7(a) | 23 | $23.4M | 3.6% | 11 | +12 |
| 10 | United Community Bank | 7(a) | 22 | $15.4M | 3.5% | 26 | -4 |
| 11 | Newtek Small Business Finance, Inc. | 7(a) | 21 | $14.7M | 3.3% | 2 | +19 |
| 12 | Certified Development Corporation of South Carolina | 504 | 16 | $15.6M | 2.5% | 13 | +3 |
| 13 | Appalachian Development Corporation | 504 | 16 | $9.2M | 2.5% | 7 | +9 |
| 14 | Bank of Travelers Rest | 7(a) | 15 | $13.8M | 2.4% | 7 | +8 |
| 15 | TowneBank | 7(a) | 12 | $14.3M | 1.9% | 5 | +7 |
| 16 | HomeTrust Bank | 7(a) | 11 | $15.5M | 1.7% | 3 | +8 |
| 17 | GBank | 7(a) | 10 | $24.3M | 1.6% | 3 | +7 |
| 18 | Readycap Lending, LLC | 7(a) | 10 | $16.9M | 1.6% | 5 | +5 |
| 19 | Celtic Bank Corporation | 7(a) | 7 | $6.6M | 1.1% | 7 | 0 |
| 20 | Truist Bank | 7(a) | 7 | $4.5M | 1.1% | 6 | +1 |
| 21 | Citizens Bank | 7(a) | 7 | $3.5M | 1.1% | 8 | -1 |
| 22 | CSRA Local Development Corporation | 504 | 6 | $10.4M | 0.9% | 4 | +2 |
| 23 | First National Bank of Pennsylvania | 7(a) | 6 | $5.1M | 0.9% | 2 | +4 |
| 24 | Regions Bank | 7(a) | 5 | $12.2M | 0.8% | 2 | +3 |
| 25 | Banc of California | 7(a) | 5 | $10.7M | 0.8% | 0 | new |
| 26 | Metro City Bank | 7(a) | 5 | $5.8M | 0.8% | 1 | +4 |
| 27 | First Bank | 7(a) | 5 | $4.9M | 0.8% | 2 | +3 |
| 28 | FinWise Bank | 7(a) | 4 | $6.9M | 0.6% | 1 | +3 |
| 29 | Capital Bank, National Association | 7(a) | 4 | $6.6M | 0.6% | 2 | +2 |
| 30 | Customers Bank | 7(a) | 4 | $4.0M | 0.6% | 0 | new |
| 31 | Harvest Small Business Finance, LLC | 7(a) | 4 | $2.3M | 0.6% | 3 | +1 |
| 32 | Business Expansion Funding Corporation | 504 | 4 | $2.1M | 0.6% | 2 | +2 |
| 33 | Peoples Bank | 7(a) | 3 | $12.2M | 0.5% | 1 | +2 |
| 34 | First Bank of the Lake | 7(a) | 3 | $4.5M | 0.5% | 0 | new |
| 35 | Bank Five Nine | 7(a) | 3 | $3.0M | 0.5% | 2 | +1 |
| 36 | Meridian Bank | 7(a) | 3 | $2.1M | 0.5% | 0 | new |
| 37 | BayFirst National Bank | 7(a) | 3 | $1.7M | 0.5% | 8 | -5 |
| 38 | Business Development Corporation of South Carolina | 7(a) | 3 | $976K | 0.5% | 11 | -8 |
| 39 | Pineland Bank | 7(a) | 3 | $900K | 0.5% | 0 | new |
| 40 | First Merchants Bank | 7(a) | 3 | $846K | 0.5% | 4 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Greenville County | 109 | $104M | 17.2% | 99 | +10 |
| 2 | Charleston County | 90 | $84.5M | 14.2% | 49 | +41 |
| 3 | Lexington County | 49 | $31.0M | 7.7% | 42 | +7 |
| 4 | Richland County | 42 | $53.5M | 6.6% | 35 | +7 |
| 5 | York County | 41 | $35.4M | 6.5% | 28 | +13 |
| 6 | Beaufort County | 35 | $31.7M | 5.5% | 22 | +13 |
| 7 | Spartanburg County | 34 | $32.1M | 5.4% | 20 | +14 |
| 8 | Horry County | 30 | $27.7M | 4.7% | 31 | -1 |
| 9 | Berkeley County | 27 | $29.1M | 4.3% | 10 | +17 |
| 10 | Anderson County | 26 | $14.6M | 4.1% | 11 | +15 |
| 11 | Dorchester County | 19 | $19.1M | 3.0% | 8 | +11 |
| 12 | Lancaster County | 14 | $18.2M | 2.2% | 5 | +9 |
| 13 | Aiken County | 13 | $13.5M | 2.1% | 9 | +4 |
| 14 | Georgetown County | 11 | $15.1M | 1.7% | 4 | +7 |
| 15 | Pickens County | 10 | $3.6M | 1.6% | 13 | -3 |
| 16 | Florence County | 9 | $12.1M | 1.4% | 8 | +1 |
| 17 | Laurens County | 9 | $4.6M | 1.4% | 5 | +4 |
| 18 | Newberry County | 8 | $4.3M | 1.3% | 2 | +6 |
| 19 | Oconee County | 8 | $5.2M | 1.3% | 12 | -4 |
| 20 | Sumter County | 7 | $13.2M | 1.1% | 4 | +3 |
| 21 | Cherokee County | 6 | $14.3M | 0.9% | 3 | +3 |
| 22 | Jasper County | 4 | $7.8M | 0.6% | 4 | 0 |
| 23 | Orangeburg County | 3 | $6.3M | 0.5% | 12 | -9 |
| 24 | Kershaw County | 3 | $6.8M | 0.5% | 1 | +2 |
| 25 | Chester County | 3 | $3.3M | 0.5% | 1 | +2 |
| 26 | Bamberg County | 3 | $2.7M | 0.5% | 0 | new |
| 27 | Greenwood County | 2 | — | 0.3% | 2 | 0 |
| 28 | Union County | 2 | — | 0.3% | 0 | new |
| 29 | Colleton County | 2 | — | 0.3% | 8 | -6 |
| 30 | Edgefield County | 2 | — | 0.3% | 1 | +1 |
| 31 | Darlington County | 2 | — | 0.3% | 1 | +1 |
| 32 | Marion County | 2 | — | 0.3% | 1 | +1 |
| 33 | Williamsburg County | 2 | — | 0.3% | 0 | new |
| 34 | Dillon County | 2 | — | 0.3% | 0 | new |
| 35 | Fairfield County | 1 | — | 0.2% | 0 | new |
| 36 | Saluda County | 1 | — | 0.2% | 1 | 0 |
| 37 | Chesterfield County | 1 | — | 0.2% | 1 | 0 |
| 38 | Clarendon County | 1 | — | 0.2% | 2 | -1 |
FY2021 against FY2020
| South Carolina | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 556 | 416 |
| 7(a) dollars | $542M | $291M |
| Median 7(a) approval | $528K | $324K |
| 504 approvals | 77 | 42 |
| 504 dollars | $75.3M | $37.0M |
| Jobs supported, as reported | 9,128 | 4,977 |
Questions and answers
Which lenders made the most SBA loans in South Carolina in FY2021?
TD Bank, National Association (61), Wells Fargo Bank National Association (41), Live Oak Banking Company (38), Countybank (35), Pinnacle Bank (33). 103 lenders had at least one approval.
How many SBA loans were approved in South Carolina in FY2021?
633: 556 under 7(a) worth $542M and 77 under 504 worth $75.3M.
Which South Carolina counties had the most SBA approvals in FY2021?
Greenville County (109), Charleston County (90), Lexington County (49), Richland County (42), York County (41).
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