Local lending data
Who lends to businesses in Richland County?
192 SBA 7(a) loans went to businesses in Richland County recently, at a median of $150,000. The lenders that made them, ranked, with local rates and startup share.
192 SBA 7(a) loans went to businesses in Richland County in the most recent fiscal years, at a median of $150,000. The most active lender was TD Bank, with 30 loans.
SBA lending in Richland 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 | Richland County | South Carolina | National |
|---|---|---|---|
| Loans approved | 192 | 2,479 | 214,102 |
| Median loan | $150,000 | $250,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $578,625 | $73,500 - $611,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 10.50% | 10.50% | 10.25% |
| Share to startups | 44.8% | 41.5% | 33.6% |
| Charge-off rate, FY2010-19 | 12.3% | 9.0% | 7.1% |
| Jobs supported | 2,493 | 25,214 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Richland 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 |
|---|---|---|---|---|
| TD Bank | 30 | $50,000 | 20% | 10.90% |
| The Huntington National Bank | 22 | $265,250 | 73% | 10.62% |
| Wells Fargo Bank | 15 | $15,000 | 93% | 13.75% |
| Live Oak Banking Company | 8 | $1,712,500 | 25% | 9.57% |
| First-Citizens Bank & Trust Company | 8 | $1,159,500 | 50% | 9.88% |
| Readycap Lending, LLC | 7 | $25,000 | 14% | 14.25% |
| Security Federal Bank | 7 | $301,500 | 57% | 10.75% |
| BayFirst National Bank | 7 | $150,000 | 0% | 13.25% |
| SouthState Bank | 7 | $220,000 | 43% | 11.25% |
| Citizens Bank | 6 | $559,000 | 33% | 10.12% |
What stands out here
Reading these figures against the national picture:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- New businesses do well here. 45% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 35% of these loans, so the shortlist below covers most of the active market.
- Lenders have been burned here before. 12.3% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Who borrows in Richland County
The mix of industries taking SBA loans here, led by restaurants and hotels.
| Sector | Loans | Share |
|---|---|---|
| Restaurants and Hotels | 33 | 17.2% |
| Retail | 25 | 13.0% |
| Healthcare | 22 | 11.5% |
| Construction | 22 | 11.5% |
| Personal Services | 15 | 7.8% |
| Professional Services | 14 | 7.3% |
| Admin Services | 13 | 6.8% |
| Arts and Recreation | 11 | 5.7% |
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 South Carolina.
Other counties in South Carolina
- Nearby markets with published data: Greenville County, Charleston County, Horry County, York County, Spartanburg County, Beaufort County, Lexington County, Berkeley County