States › South Carolina › FY2023
FY20231 Oct 2022 – 30 Sep 2023
SBA loans in South Carolina, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 709 loans in South Carolina: 681 under 7(a) and 28 under 504, worth $406M.
That is up 14% on FY2022, when there were 622 approvals worth $424M.
South Carolina accounted for 1.1% of the 63,286 approvals nationwide that year. 88 lenders had at least one approval in the state; TD Bank, National Association had the most, 121.
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 FY2023, of 88 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 121 | $17.4M | 17.1% | 79 | +42 |
| 2 | Wells Fargo Bank National Association | 7(a) | 51 | $3.1M | 7.2% | 55 | -4 |
| 3 | The Huntington National Bank | 7(a) | 48 | $14.0M | 6.8% | 37 | +11 |
| 4 | SouthState Bank, National Association | 7(a) | 42 | $20.3M | 5.9% | 23 | +19 |
| 5 | BayFirst National Bank | 7(a) | 36 | $8.0M | 5.1% | 11 | +25 |
| 6 | Pinnacle Bank | 7(a) | 32 | $32.3M | 4.5% | 28 | +4 |
| 7 | Live Oak Banking Company | 7(a) | 29 | $44.2M | 4.1% | 32 | -3 |
| 8 | Newtek Bank, National Association | 7(a) | 23 | $5.1M | 3.2% | 0 | new |
| 9 | United Community Bank | 7(a) | 20 | $19.2M | 2.8% | 8 | +12 |
| 10 | Newtek Small Business Finance, Inc. | 7(a) | 19 | $6.1M | 2.7% | 34 | -15 |
| 11 | Celtic Bank Corporation | 7(a) | 16 | $11.5M | 2.3% | 8 | +8 |
| 12 | Readycap Lending, LLC | 7(a) | 15 | $8.5M | 2.1% | 18 | -3 |
| 13 | United Midwest Savings Bank National Association | 7(a) | 15 | $2.2M | 2.1% | 18 | -3 |
| 14 | Provident Business Financial Services, Inc. | 504 | 12 | $12.5M | 1.7% | 23 | -11 |
| 15 | First-Citizens Bank & Trust Company | 7(a) | 11 | $11.7M | 1.6% | 4 | +7 |
| 16 | Countybank | 7(a) | 11 | $8.1M | 1.6% | 33 | -22 |
| 17 | First Bank | 7(a) | 9 | $10.5M | 1.3% | 1 | +8 |
| 18 | TowneBank | 7(a) | 8 | $8.1M | 1.1% | 2 | +6 |
| 19 | Bank of America, National Association | 7(a) | 8 | $4.5M | 1.1% | 9 | -1 |
| 20 | GBank | 7(a) | 7 | $18.9M | 1.0% | 4 | +3 |
| 21 | Bank of Oak Ridge | 7(a) | 7 | $9.4M | 1.0% | 5 | +2 |
| 22 | Harvest Small Business Finance, LLC | 7(a) | 7 | $5.4M | 1.0% | 4 | +3 |
| 23 | Citizens Bank | 7(a) | 7 | $4.2M | 1.0% | 7 | 0 |
| 24 | Bank of Travelers Rest | 7(a) | 7 | $1.4M | 1.0% | 7 | 0 |
| 25 | HomeTrust Bank | 7(a) | 6 | $4.9M | 0.8% | 6 | 0 |
| 26 | Appalachian Development Corporation | 504 | 6 | $4.7M | 0.8% | 16 | -10 |
| 27 | Capital Bank, National Association | 7(a) | 6 | $1.2M | 0.8% | 2 | +4 |
| 28 | Certified Development Corporation of South Carolina | 504 | 5 | $10.0M | 0.7% | 13 | -8 |
| 29 | Old National Bank | 7(a) | 5 | $7.8M | 0.7% | 0 | new |
| 30 | The Fidelity Bank | 7(a) | 5 | $4.0M | 0.7% | 3 | +2 |
| 31 | First National Bank of Pennsylvania | 7(a) | 5 | $3.5M | 0.7% | 7 | -2 |
| 32 | Customers Bank | 7(a) | 5 | $2.0M | 0.7% | 0 | new |
| 33 | Security Federal Bank | 7(a) | 5 | $1.7M | 0.7% | 2 | +3 |
| 34 | Business Development Corporation of South Carolina | 7(a) | 5 | $1.7M | 0.7% | 10 | -5 |
| 35 | U.S. Bank, National Association | 7(a) | 5 | $160K | 0.7% | 0 | new |
| 36 | Regions Bank | 7(a) | 4 | $7.5M | 0.6% | 2 | +2 |
| 37 | Hanover Community Bank | 7(a) | 4 | $3.8M | 0.6% | 0 | new |
| 38 | Truliant FCU | 7(a) | 4 | $2.8M | 0.6% | 1 | +3 |
| 39 | PromiseOne Bank | 7(a) | 4 | $2.2M | 0.6% | 0 | new |
| 40 | JPMorgan Chase Bank, National Association | 7(a) | 4 | $495K | 0.6% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Greenville County | 120 | $53.5M | 16.9% | 105 | +15 |
| 2 | Charleston County | 86 | $37.0M | 12.1% | 84 | +2 |
| 3 | Richland County | 58 | $32.8M | 8.2% | 31 | +27 |
| 4 | Horry County | 53 | $29.1M | 7.5% | 43 | +10 |
| 5 | Spartanburg County | 51 | $28.9M | 7.2% | 42 | +9 |
| 6 | York County | 48 | $30.3M | 6.8% | 49 | -1 |
| 7 | Lexington County | 40 | $26.2M | 5.6% | 36 | +4 |
| 8 | Beaufort County | 40 | $25.4M | 5.6% | 27 | +13 |
| 9 | Berkeley County | 30 | $19.6M | 4.2% | 25 | +5 |
| 10 | Anderson County | 20 | $10.3M | 2.8% | 25 | -5 |
| 11 | Pickens County | 19 | $12.3M | 2.7% | 16 | +3 |
| 12 | Aiken County | 17 | $12.9M | 2.4% | 9 | +8 |
| 13 | Dorchester County | 16 | $9.7M | 2.3% | 16 | 0 |
| 14 | Florence County | 16 | $11.8M | 2.3% | 10 | +6 |
| 15 | Lancaster County | 16 | $11.1M | 2.3% | 4 | +12 |
| 16 | Georgetown County | 8 | $3.5M | 1.1% | 5 | +3 |
| 17 | Kershaw County | 7 | $4.6M | 1.0% | 6 | +1 |
| 18 | Laurens County | 7 | $1.4M | 1.0% | 12 | -5 |
| 19 | Newberry County | 5 | $1.5M | 0.7% | 2 | +3 |
| 20 | Jasper County | 5 | $5.5M | 0.7% | 7 | -2 |
| 21 | Edgefield County | 5 | $1.1M | 0.7% | 0 | new |
| 22 | Sumter County | 5 | $4.5M | 0.7% | 4 | +1 |
| 23 | Colleton County | 4 | $3.1M | 0.6% | 2 | +2 |
| 24 | Oconee County | 4 | $3.1M | 0.6% | 13 | -9 |
| 25 | Orangeburg County | 3 | $1.8M | 0.4% | 5 | -2 |
| 26 | Greenwood County | 3 | $1.8M | 0.4% | 8 | -5 |
| 27 | Darlington County | 3 | $5.1M | 0.4% | 2 | +1 |
| 28 | Dillon County | 3 | $2.7M | 0.4% | 0 | new |
| 29 | Marlboro County | 2 | — | 0.3% | 2 | 0 |
| 30 | McCormick County | 2 | — | 0.3% | 0 | new |
| 31 | Williamsburg County | 2 | — | 0.3% | 1 | +1 |
| 32 | Abbeville County | 1 | — | 0.1% | 3 | -2 |
| 33 | Union County | 1 | — | 0.1% | 1 | 0 |
| 34 | Allendale County | 1 | — | 0.1% | 0 | new |
| 35 | Chester County | 1 | — | 0.1% | 2 | -1 |
| 36 | Fairfield County | 1 | — | 0.1% | 2 | -1 |
| 37 | Saluda County | 1 | — | 0.1% | 3 | -2 |
| 38 | Cherokee County | 1 | — | 0.1% | 3 | -2 |
| 39 | Chesterfield County | 1 | — | 0.1% | 6 | -5 |
| 40 | Barnwell County | 1 | — | 0.1% | 1 | 0 |
The 40 counties with the most approvals; every county is on the South Carolina page.
FY2023 against FY2022
| South Carolina | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 681 | 562 |
| 7(a) dollars | $372M | $343M |
| Median 7(a) approval | $225K | $291K |
| 504 approvals | 28 | 60 |
| 504 dollars | $34.3M | $81.6M |
| Jobs supported, as reported | 7,716 | 8,019 |
Questions and answers
Which lenders made the most SBA loans in South Carolina in FY2023?
TD Bank, National Association (121), Wells Fargo Bank National Association (51), The Huntington National Bank (48), SouthState Bank, National Association (42), BayFirst National Bank (36). 88 lenders had at least one approval.
How many SBA loans were approved in South Carolina in FY2023?
709: 681 under 7(a) worth $372M and 28 under 504 worth $34.3M.
Which South Carolina counties had the most SBA approvals in FY2023?
Greenville County (120), Charleston County (86), Richland County (58), Horry County (53), Spartanburg County (51).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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