State lending data
SBA lending in North Carolina
5,070 SBA 7(a) loans went to businesses in North Carolina recently, at a median of $300,000. The lenders that made them, what they charged, and how the state is trending.
5,070 SBA 7(a) loans went to businesses in North Carolina in the most recent fiscal years, at a median of $300,000. The most active lender in the state was The Huntington National Bank, with 446 loans. Approvals are down 17.5% on the year.
SBA lending in North Carolina, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans actually approved to businesses in North Carolina, not advertised ranges.
| Measure | North Carolina | National |
|---|---|---|
| Loans approved | 5,070 | 214,102 |
| Total approved | $3.3 billion | $104.1 billion |
| Median loan | $300,000 | $150,000 |
| 25th – 75th percentile | $100,000 – $731,000 | $50,000 – $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 41.6% | 33.6% |
| Charge-off rate, FY2010–19 | 7.1% | 7.1% |
| Jobs supported | 57,356 | 2,142,602 |
| Counties with recorded lending | 97 | — |
| Lenders active in the state | 186 | — |
Is SBA lending in North Carolina growing or shrinking?
Shrinking, along with almost every other state. Comparing December 2025 to June 2026 with December 2024 to June 2025, the same months a year earlier, 7(a) approvals to businesses in North Carolina went from 957 to 790 loans, down 17.5% — while the dollars approved went from $671.5 million to $548.5 million, down 18.3%.
That puts North Carolina mid-table — 23rd of 51 for year-on-year change, against a national decline of 21.0%.
| Fiscal year | Loans in North Carolina | Loans nationally | State share |
|---|---|---|---|
| FY2023 | 1,199 | 51,747 | 2.3% |
| FY2024 | 1,419 | 62,618 | 2.3% |
| FY2025 | 1,561 | 64,096 | 2.4% |
| FY2026 (part year) | 891 | 35,641 | 2.5% |
Which lenders actually fund businesses in North Carolina
Ranked by loans approved inside North Carolina. The median, startup share and rate columns describe each lender's own North Carolina loans, not its national averages — the same bank often writes very different business from one state to the next.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | 446 | $250,000 | 72% | 10.25% |
| Live Oak Banking Company | 365 | $550,000 | 30% | 9.50% |
| Wells Fargo Bank | 295 | $15,000 | 86% | 13.00% |
| Readycap Lending, LLC | 229 | $50,000 | 14% | 13.50% |
| Newtek Bank | 227 | $200,000 | 16% | 11.25% |
| Northeast Bank | 215 | $99,000 | 11% | 10.75% |
| TD Bank | 160 | $60,000 | 42% | 11.15% |
| BayFirst National Bank | 146 | $150,000 | 1% | 12.25% |
| Pinnacle Bank | 146 | $716,000 | 60% | 9.50% |
| United Midwest Savings Bank | 134 | $150,000 | 84% | 10.25% |
| TowneBank | 115 | $812,000 | 56% | 10.00% |
| Celtic Bank Corporation | 109 | $150,000 | 17% | 10.50% |
What stands out about North Carolina
Reading the state's own figures against the national picture:
- Loans here run larger than average. The median of $300,000 is 100% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- New businesses do well here. 41.6% of these loans went to startups or businesses no more than two years old, against 33.6% nationally — an unusually open market if you have no trading history.
Who borrows in North Carolina
The industry mix of SBA borrowers here, led by restaurants and hotels.
| Sector | Loans | Share | Median loan | To startups |
|---|---|---|---|---|
| Restaurants and Hotels | 780 | 15.4% | $500,000 | 55% |
| Construction | 649 | 12.8% | $250,000 | 34% |
| Retail | 561 | 11.1% | $251,000 | 40% |
| Personal Services | 519 | 10.2% | $300,000 | 49% |
| Professional Services | 485 | 9.6% | $200,000 | 21% |
| Healthcare | 474 | 9.3% | $350,000 | 43% |
| Admin Services | 330 | 6.5% | $198,000 | 52% |
| Manufacturing | 310 | 6.1% | $322,500 | 32% |
| Trucking | 220 | 4.3% | $150,000 | 39% |
| Arts and Recreation | 219 | 4.3% | $475,500 | 72% |
| Wholesale | 156 | 3.1% | $282,050 | 24% |
| Real Estate | 113 | 2.2% | $392,200 | 36% |
Where the money goes in North Carolina
SBA lending is more concentrated than state totals suggest, and Mecklenburg County alone accounts for 18% of the state's loans.
| County | Loans | Median loan | Total approved |
|---|---|---|---|
| Mecklenburg County | 905 | $293,500 | $552.2 million |
| Wake County | 830 | $305,750 | $506.9 million |
| Guilford County | 250 | $305,500 | $170.3 million |
| New Hanover County | 207 | $332,000 | $138.1 million |
| Buncombe County | 188 | $246,500 | $113.3 million |
| Union County | 174 | $250,000 | $86.7 million |
| Durham County | 171 | $325,000 | $132.1 million |
| Forsyth County | 154 | $255,500 | $111.9 million |
| Cabarrus County | 132 | $249,500 | $76.1 million |
| Iredell County | 124 | $299,500 | $76.2 million |
| Cumberland County | 102 | $339,050 | $78.1 million |
| Gaston County | 96 | $223,500 | $64.8 million |
SBA 504 in North Carolina
7(a) is the general-purpose program. 504 is the one for buying the building or the heavy equipment, at a long fixed rate — a different program with its own lenders, called Certified Development Companies.
| Measure | North Carolina 504 | National 504 |
|---|---|---|
| Projects approved | 281 | 22,192 |
| Median CDC share | $993,000 | $730,000 |
| Median total project | $2,256,000 | $1,642,000 |
| Median term | 25 years | 25 years |
- Which CDCs operate here, and on what terms: SBA 504 in North Carolina
- How the two programs differ: SBA 504 loans and SBA 7(a) loans
How to use this page
- Start from the lender table, not a search engine. Shortlist three whose median loan in North Carolina is near what you need. Size match beats brand.
- Follow your industry link in the sector table for the lenders that fund your kind of business in this state specifically.
- Then your county, if it is listed, for the local picture.
- Check the payment before you apply with the affordability calculator — lenders decline on cash flow more than on anything else.
- Filter the whole lender file yourself in the lender finder if you want to combine state, industry, loan size and business age at once.
Other states
- States of comparable lending volume: Massachusetts, Minnesota, Colorado, Arizona, Washington, Indiana, California, Florida
Questions people actually ask
How many SBA loans are approved in North Carolina each year?
5,070 SBA 7(a) loans were approved to businesses in North Carolina across fiscal years 2023 to 2026, using data released June 2026, worth $3.3 billion in total. Over the most recent comparable months the number of approvals ran down 17.5% year on year, while the dollars approved ran down 18.3%.
Which bank approves the most SBA loans in North Carolina?
The Huntington National Bank, with 446 loans approved to businesses in the state and a median loan of $250,000. That makes it the most active, not necessarily the best fit — a lender whose median is far from your number is usually the wrong call.
Do I have to use a lender based in North Carolina?
No. SBA lenders routinely lend across state lines and several of the largest are non-bank lenders with no branches at all. What the state data tells you is which institutions are already comfortable with businesses like yours here.