States › South Carolina › FY2024
FY20241 Oct 2023 – 30 Sep 2024
SBA loans in South Carolina, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 841 loans in South Carolina: 803 under 7(a) and 38 under 504, worth $487M.
That is up 19% on FY2023, when there were 709 approvals worth $406M.
South Carolina accounted for 1.1% of the 76,235 approvals nationwide that year. 98 lenders had at least one approval in the state; TD Bank, National Association had the most, 155.
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 FY2024, of 98 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 155 | $29.4M | 18.4% | 121 | +34 |
| 2 | The Huntington National Bank | 7(a) | 61 | $26.4M | 7.3% | 48 | +13 |
| 3 | Wells Fargo Bank National Association | 7(a) | 54 | $7.3M | 6.4% | 51 | +3 |
| 4 | Newtek Bank, National Association | 7(a) | 50 | $31.4M | 5.9% | 23 | +27 |
| 5 | Readycap Lending, LLC | 7(a) | 40 | $8.3M | 4.8% | 15 | +25 |
| 6 | BayFirst National Bank | 7(a) | 40 | $6.7M | 4.8% | 36 | +4 |
| 7 | SouthState Bank, National Association | 7(a) | 34 | $15.2M | 4.0% | 42 | -8 |
| 8 | Live Oak Banking Company | 7(a) | 26 | $36.3M | 3.1% | 29 | -3 |
| 9 | Northeast Bank | 7(a) | 26 | $2.9M | 3.1% | 1 | +25 |
| 10 | Bank of America, National Association | 7(a) | 24 | $17.7M | 2.9% | 8 | +16 |
| 11 | Countybank | 7(a) | 23 | $10.0M | 2.7% | 11 | +12 |
| 12 | Pinnacle Bank | 7(a) | 21 | $26.8M | 2.5% | 32 | -11 |
| 13 | Provident Business Financial Services, Inc. | 504 | 15 | $21.4M | 1.8% | 12 | +3 |
| 14 | United Midwest Savings Bank National Association | 7(a) | 15 | $3.0M | 1.8% | 15 | 0 |
| 15 | First-Citizens Bank & Trust Company | 7(a) | 14 | $15.0M | 1.7% | 11 | +3 |
| 16 | GBank | 7(a) | 11 | $31.0M | 1.3% | 7 | +4 |
| 17 | Celtic Bank Corporation | 7(a) | 11 | $3.7M | 1.3% | 16 | -5 |
| 18 | Appalachian Development Corporation | 504 | 10 | $13.3M | 1.2% | 6 | +4 |
| 19 | Citizens Bank | 7(a) | 10 | $11.5M | 1.2% | 7 | +3 |
| 20 | First Bank | 7(a) | 8 | $13.3M | 1.0% | 9 | -1 |
| 21 | HomeTrust Bank | 7(a) | 8 | $7.3M | 1.0% | 6 | +2 |
| 22 | Security Federal Bank | 7(a) | 8 | $2.2M | 1.0% | 5 | +3 |
| 23 | First Bank of the Lake | 7(a) | 7 | $2.0M | 0.8% | 3 | +4 |
| 24 | Lendistry SBLC, LLC | 7(a) | 7 | $1.5M | 0.8% | 1 | +6 |
| 25 | TowneBank | 7(a) | 6 | $1.8M | 0.7% | 8 | -2 |
| 26 | JPMorgan Chase Bank, National Association | 7(a) | 6 | $840K | 0.7% | 4 | +2 |
| 27 | Fifth Third Bank | 7(a) | 5 | $10.7M | 0.6% | 1 | +4 |
| 28 | Truliant FCU | 7(a) | 5 | $6.3M | 0.6% | 4 | +1 |
| 29 | Certified Development Corporation of South Carolina | 504 | 5 | $4.2M | 0.6% | 5 | 0 |
| 30 | Pathward National Association | 7(a) | 5 | $2.7M | 0.6% | 1 | +4 |
| 31 | First Federal Bank | 7(a) | 5 | $1.7M | 0.6% | 2 | +3 |
| 32 | Bank of Travelers Rest | 7(a) | 5 | $1.6M | 0.6% | 7 | -2 |
| 33 | Colony Bank | 7(a) | 5 | $1.6M | 0.6% | 3 | +2 |
| 34 | The Park National Bank | 7(a) | 5 | $705K | 0.6% | 0 | new |
| 35 | First Internet Bank of Indiana | 7(a) | 4 | $6.9M | 0.5% | 3 | +1 |
| 36 | United Community Bank | 7(a) | 4 | $3.5M | 0.5% | 20 | -16 |
| 37 | The Fidelity Bank | 7(a) | 4 | $2.6M | 0.5% | 5 | -1 |
| 38 | Catawba Regional Development Corporation | 504 | 4 | $2.2M | 0.5% | 2 | +2 |
| 39 | Heritage Bank Inc | 7(a) | 4 | $600K | 0.5% | 2 | +2 |
| 40 | PNC Bank, National Association | 7(a) | 4 | $402K | 0.5% | 3 | +1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Greenville County | 131 | $62.1M | 15.6% | 120 | +11 |
| 2 | Charleston County | 110 | $73.4M | 13.1% | 86 | +24 |
| 3 | Horry County | 75 | $54.1M | 8.9% | 53 | +22 |
| 4 | Richland County | 72 | $39.2M | 8.6% | 58 | +14 |
| 5 | York County | 62 | $41.3M | 7.4% | 48 | +14 |
| 6 | Beaufort County | 47 | $19.4M | 5.6% | 40 | +7 |
| 7 | Spartanburg County | 41 | $25.3M | 4.9% | 51 | -10 |
| 8 | Lexington County | 40 | $25.9M | 4.8% | 40 | 0 |
| 9 | Anderson County | 38 | $12.9M | 4.5% | 20 | +18 |
| 10 | Berkeley County | 30 | $14.6M | 3.6% | 30 | 0 |
| 11 | Pickens County | 22 | $11.8M | 2.6% | 19 | +3 |
| 12 | Dorchester County | 20 | $11.2M | 2.4% | 16 | +4 |
| 13 | Aiken County | 19 | $5.4M | 2.3% | 17 | +2 |
| 14 | Lancaster County | 19 | $14.9M | 2.3% | 16 | +3 |
| 15 | Georgetown County | 13 | $4.0M | 1.5% | 8 | +5 |
| 16 | Oconee County | 12 | $2.6M | 1.4% | 4 | +8 |
| 17 | Laurens County | 10 | $1.7M | 1.2% | 7 | +3 |
| 18 | Jasper County | 9 | $12.5M | 1.1% | 5 | +4 |
| 19 | Florence County | 9 | $9.3M | 1.1% | 16 | -7 |
| 20 | Kershaw County | 8 | $6.0M | 1.0% | 7 | +1 |
| 21 | Sumter County | 8 | $13.3M | 1.0% | 5 | +3 |
| 22 | Orangeburg County | 6 | $6.3M | 0.7% | 3 | +3 |
| 23 | Greenwood County | 5 | $1.9M | 0.6% | 3 | +2 |
| 24 | Abbeville County | 5 | $1.1M | 0.6% | 1 | +4 |
| 25 | Newberry County | 5 | $935K | 0.6% | 5 | 0 |
| 26 | Colleton County | 5 | $6.0M | 0.6% | 4 | +1 |
| 27 | Calhoun County | 3 | $239K | 0.4% | 0 | new |
| 28 | Saluda County | 3 | $475K | 0.4% | 1 | +2 |
| 29 | Cherokee County | 3 | $1.8M | 0.4% | 1 | +2 |
| 30 | Edgefield County | 2 | — | 0.2% | 5 | -3 |
| 31 | Darlington County | 2 | — | 0.2% | 3 | -1 |
| 32 | Union County | 1 | — | 0.1% | 1 | 0 |
| 33 | Chester County | 1 | — | 0.1% | 1 | 0 |
| 34 | Fairfield County | 1 | — | 0.1% | 1 | 0 |
| 35 | Chesterfield County | 1 | — | 0.1% | 1 | 0 |
| 36 | Marlboro County | 1 | — | 0.1% | 2 | -1 |
| 37 | Barnwell County | 1 | — | 0.1% | 1 | 0 |
| 38 | Williamsburg County | 1 | — | 0.1% | 2 | -1 |
FY2024 against FY2023
| South Carolina | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 803 | 681 |
| 7(a) dollars | $437M | $372M |
| Median 7(a) approval | $204K | $225K |
| 504 approvals | 38 | 28 |
| 504 dollars | $50.3M | $34.3M |
| Jobs supported, as reported | 8,417 | 7,716 |
Questions and answers
Which lenders made the most SBA loans in South Carolina in FY2024?
TD Bank, National Association (155), The Huntington National Bank (61), Wells Fargo Bank National Association (54), Newtek Bank, National Association (50), Readycap Lending, LLC (40). 98 lenders had at least one approval.
How many SBA loans were approved in South Carolina in FY2024?
841: 803 under 7(a) worth $437M and 38 under 504 worth $50.3M.
Which South Carolina counties had the most SBA approvals in FY2024?
Greenville County (131), Charleston County (110), Horry County (75), Richland County (72), York County (62).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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