States › South Carolina › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in South Carolina, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 970 loans in South Carolina: 927 under 7(a) and 43 under 504, worth $580M.
That is up 15% on FY2024, when there were 841 approvals worth $487M.
South Carolina accounted for 1.1% of the 84,840 approvals nationwide that year. 111 lenders had at least one approval in the state; TD Bank, National Association had the most, 133.
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 FY2025, of 111 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 133 | $25.2M | 13.7% | 155 | -22 |
| 2 | Northeast Bank | 7(a) | 98 | $13.8M | 10.1% | 26 | +72 |
| 3 | The Huntington National Bank | 7(a) | 88 | $37.7M | 9.1% | 61 | +27 |
| 4 | Newtek Bank, National Association | 7(a) | 47 | $21.2M | 4.8% | 50 | -3 |
| 5 | Readycap Lending, LLC | 7(a) | 37 | $11.2M | 3.8% | 40 | -3 |
| 6 | Live Oak Banking Company | 7(a) | 34 | $30.9M | 3.5% | 26 | +8 |
| 7 | Wells Fargo Bank National Association | 7(a) | 34 | $4.6M | 3.5% | 54 | -20 |
| 8 | United Midwest Savings Bank National Association | 7(a) | 26 | $8.5M | 2.7% | 15 | +11 |
| 9 | BayFirst National Bank | 7(a) | 25 | $3.3M | 2.6% | 40 | -15 |
| 10 | Pinnacle Bank | 7(a) | 24 | $23.5M | 2.5% | 21 | +3 |
| 11 | Countybank | 7(a) | 22 | $11.1M | 2.3% | 23 | -1 |
| 12 | Lendistry SBLC, LLC | 7(a) | 20 | $5.3M | 2.1% | 7 | +13 |
| 13 | Celtic Bank Corporation | 7(a) | 20 | $4.1M | 2.1% | 11 | +9 |
| 14 | SouthState Bank, National Association | 7(a) | 18 | $8.3M | 1.9% | 34 | -16 |
| 15 | Appalachian Development Corporation | 504 | 17 | $23.0M | 1.8% | 10 | +7 |
| 16 | First-Citizens Bank & Trust Company | 7(a) | 17 | $19.8M | 1.8% | 14 | +3 |
| 17 | GBank | 7(a) | 14 | $48.6M | 1.4% | 11 | +3 |
| 18 | United Community Bank | 7(a) | 12 | $10.3M | 1.2% | 4 | +8 |
| 19 | First Bank | 7(a) | 12 | $7.6M | 1.2% | 8 | +4 |
| 20 | Provident Business Financial Services, Inc. | 504 | 11 | $21.7M | 1.1% | 15 | -4 |
| 21 | Bank of America, National Association | 7(a) | 11 | $4.0M | 1.1% | 24 | -13 |
| 22 | Beacon Community Bank | 7(a) | 10 | $4.7M | 1.0% | 0 | new |
| 23 | Harvest Small Business Finance, LLC | 7(a) | 9 | $11.2M | 0.9% | 3 | +6 |
| 24 | First Bank of the Lake | 7(a) | 9 | $8.6M | 0.9% | 7 | +2 |
| 25 | First Internet Bank of Indiana | 7(a) | 8 | $9.7M | 0.8% | 4 | +4 |
| 26 | Byline Bank | 7(a) | 8 | $7.8M | 0.8% | 3 | +5 |
| 27 | Citizens Bank | 7(a) | 8 | $4.9M | 0.8% | 10 | -2 |
| 28 | Certified Development Corporation of South Carolina | 504 | 7 | $12.4M | 0.7% | 5 | +2 |
| 29 | Security Federal Bank | 7(a) | 7 | $2.2M | 0.7% | 8 | -1 |
| 30 | TowneBank | 7(a) | 6 | $5.8M | 0.6% | 6 | 0 |
| 31 | Port 51 Lending LLC | 7(a) | 6 | $5.6M | 0.6% | 3 | +3 |
| 32 | The Fidelity Bank | 7(a) | 6 | $3.6M | 0.6% | 4 | +2 |
| 33 | Business Development Corporation of South Carolina | 7(a) | 6 | $2.8M | 0.6% | 2 | +4 |
| 34 | U.S. Bank, National Association | 7(a) | 6 | $189K | 0.6% | 4 | +2 |
| 35 | Bank of Oak Ridge | 7(a) | 5 | $5.9M | 0.5% | 3 | +2 |
| 36 | VelocitySBA, LLC | 7(a) | 5 | $4.7M | 0.5% | 1 | +4 |
| 37 | Truliant FCU | 7(a) | 5 | $3.4M | 0.5% | 5 | 0 |
| 38 | JPMorgan Chase Bank, National Association | 7(a) | 5 | $2.0M | 0.5% | 6 | -1 |
| 39 | Platinum Bank | 7(a) | 5 | $1.8M | 0.5% | 3 | +2 |
| 40 | Magnifi Financial CU | 7(a) | 5 | $1.6M | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Greenville County | 147 | $82.6M | 15.2% | 131 | +16 |
| 2 | Charleston County | 129 | $68.0M | 13.3% | 110 | +19 |
| 3 | York County | 82 | $50.2M | 8.5% | 62 | +20 |
| 4 | Richland County | 74 | $30.4M | 7.6% | 72 | +2 |
| 5 | Beaufort County | 70 | $39.3M | 7.2% | 47 | +23 |
| 6 | Horry County | 69 | $56.6M | 7.1% | 75 | -6 |
| 7 | Spartanburg County | 63 | $41.1M | 6.5% | 41 | +22 |
| 8 | Berkeley County | 60 | $42.3M | 6.2% | 30 | +30 |
| 9 | Lexington County | 49 | $26.3M | 5.1% | 40 | +9 |
| 10 | Anderson County | 33 | $16.9M | 3.4% | 38 | -5 |
| 11 | Dorchester County | 30 | $14.0M | 3.1% | 20 | +10 |
| 12 | Lancaster County | 26 | $7.5M | 2.7% | 19 | +7 |
| 13 | Pickens County | 20 | $7.4M | 2.1% | 22 | -2 |
| 14 | Aiken County | 16 | $15.8M | 1.6% | 19 | -3 |
| 15 | Florence County | 14 | $11.9M | 1.4% | 9 | +5 |
| 16 | Jasper County | 10 | $12.6M | 1.0% | 9 | +1 |
| 17 | Sumter County | 10 | $10.8M | 1.0% | 8 | +2 |
| 18 | Kershaw County | 9 | $7.3M | 0.9% | 8 | +1 |
| 19 | Newberry County | 6 | $1.5M | 0.6% | 5 | +1 |
| 20 | Oconee County | 6 | $2.2M | 0.6% | 12 | -6 |
| 21 | Fairfield County | 5 | $3.2M | 0.5% | 1 | +4 |
| 22 | Chesterfield County | 5 | $3.1M | 0.5% | 1 | +4 |
| 23 | Laurens County | 5 | $4.3M | 0.5% | 10 | -5 |
| 24 | Greenwood County | 4 | $668K | 0.4% | 5 | -1 |
| 25 | Georgetown County | 4 | $2.5M | 0.4% | 13 | -9 |
| 26 | Marlboro County | 4 | $1.5M | 0.4% | 1 | +3 |
| 27 | Orangeburg County | 3 | $7.2M | 0.3% | 6 | -3 |
| 28 | Lee County | 2 | — | 0.2% | 0 | new |
| 29 | Colleton County | 2 | — | 0.2% | 5 | -3 |
| 30 | Cherokee County | 2 | — | 0.2% | 3 | -1 |
| 31 | Williamsburg County | 2 | — | 0.2% | 1 | +1 |
| 32 | Bamberg County | 2 | — | 0.2% | 0 | new |
| 33 | Abbeville County | 1 | — | 0.1% | 5 | -4 |
| 34 | Union County | 1 | — | 0.1% | 1 | 0 |
| 35 | Calhoun County | 1 | — | 0.1% | 3 | -2 |
| 36 | Chester County | 1 | — | 0.1% | 1 | 0 |
| 37 | Darlington County | 1 | — | 0.1% | 2 | -1 |
| 38 | Barnwell County | 1 | — | 0.1% | 1 | 0 |
| 39 | Hampton County | 1 | — | 0.1% | 0 | new |
FY2025 against FY2024
| South Carolina | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 927 | 803 |
| 7(a) dollars | $506M | $437M |
| Median 7(a) approval | $235K | $204K |
| 504 approvals | 43 | 38 |
| 504 dollars | $74.5M | $50.3M |
| Jobs supported, as reported | 9,214 | 8,417 |
Questions and answers
Which lenders made the most SBA loans in South Carolina in FY2025?
TD Bank, National Association (133), Northeast Bank (98), The Huntington National Bank (88), Newtek Bank, National Association (47), Readycap Lending, LLC (37). 111 lenders had at least one approval.
How many SBA loans were approved in South Carolina in FY2025?
970: 927 under 7(a) worth $506M and 43 under 504 worth $74.5M.
Which South Carolina counties had the most SBA approvals in FY2025?
Greenville County (147), Charleston County (129), York County (82), Richland County (74), Beaufort County (70).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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