Local lending data
Who lends to businesses in Cabarrus County?
132 SBA 7(a) loans went to businesses in Cabarrus County recently, at a median of $249,500. The lenders that made them, ranked, with local rates and startup share.
132 SBA 7(a) loans went to businesses in Cabarrus County in the most recent fiscal years, at a median of $249,500. The most active lender was The Huntington National Bank, with 13 loans.
SBA lending in Cabarrus County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | Cabarrus County | North Carolina | National |
|---|---|---|---|
| Loans approved | 132 | 5,070 | 214,102 |
| Median loan | $249,500 | $300,000 | $150,000 |
| 25th - 75th percentile | $92,750 - $582,250 | $100,000 - $731,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% | 10.25% |
| Share to startups | 39.4% | 41.6% | 33.6% |
| Charge-off rate, FY2010-19 | 4.5% | 7.1% | 7.1% |
| Jobs supported | 1,241 | 57,356 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Cabarrus County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | 13 | $100,000 | 85% | 10.75% |
| Readycap Lending, LLC | 10 | $71,000 | 10% | 12.50% |
| Wells Fargo Bank | 7 | $143,600 | 71% | 9.32% |
| Newtek Bank | 7 | $100,000 | 14% | 11.50% |
| Fifth Third Bank | 6 | $175,000 | 67% | 10.73% |
| BayFirst National Bank | 5 | $150,000 | 0% | 12.25% |
| Live Oak Banking Company | 5 | $215,000 | 40% | 9.50% |
| SouthState Bank | 5 | $350,000 | 20% | 10.25% |
| Pinnacle Bank | 5 | $1,503,800 | 20% | 9.50% |
| Bank of America | 5 | $250,000 | 0% | 7.28% |
What stands out here
Reading these figures against the national picture:
- Loans here run larger than average. The median of $249,500 is 66% 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.
- Startup share is about average, at 39% against 34% nationally.
- Lending here is fragmented. The top three lenders made only 23% of these loans between them, so no single institution owns this market. That is good news: it means shopping genuinely pays.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.5% is below the 7.1% overall figure, which is part of why lenders compete for it.
Who borrows in Cabarrus County
The mix of industries taking SBA loans here, led by construction.
| Sector | Loans | Share |
|---|---|---|
| Construction | 17 | 12.9% |
| Restaurants and Hotels | 16 | 12.1% |
| Retail | 15 | 11.4% |
| Professional Services | 15 | 11.4% |
| Admin Services | 13 | 9.8% |
| Healthcare | 13 | 9.8% |
| Personal Services | 12 | 9.1% |
| Wholesale | 9 | 6.8% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year — see choosing an SBA lender.
- Check your coverage first with the affordability calculator, so you ask for a number your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across North Carolina.
Other counties in North Carolina
- Nearby markets with published data: Mecklenburg County, Wake County, Guilford County, New Hanover County, Buncombe County, Union County, Durham County, Forsyth County