Lending data
Who actually lends to finance and insurance businesses in South Carolina?
55 SBA 7(a) loans went to finance and insurance businesses in South Carolina recently, at a median of $150,000. Here are the lenders that made them, ranked.
55 SBA 7(a) loans went to finance and insurance businesses in South Carolina in the most recent fiscal years. The median was $150,000 over 10 years. The most active lender was TD Bank, with 9 loans.
What lending to finance and insurance businesses in South Carolina actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Finance and insurance, South Carolina | All 7(a) borrowers |
|---|---|---|
| Loans approved | 55 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $100,000 - $400,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 21.8% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 2.6% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to finance and insurance businesses in South Carolina. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 9 | $71,000 | 22% | 11.50% |
| Byline Bank | 5 | $350,000 | 0% | 10.25% |
| Readycap Lending, LLC | 5 | $126,600 | 20% | 11.25% |
| Capital Bank | 4 | $175,000 | 25% | 11.12% |
| U.S. Bank | 4 | $152,750 | 50% | 9.24% |
| Live Oak Banking Company | 3 | $257,300 | 33% | 10.08% |
| The Huntington National Bank | 3 | $245,000 | 0% | 9.50% |
| SouthState Bank | 2 | $101,250 | 0% | 10.50% |
| BayFirst National Bank | 2 | $112,500 | 0% | 11.75% |
| Pinnacle Bank | 2 | $412,000 | 50% | 9.38% |
What stands out in this market
Reading the figures above 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.
- This is a hard market for new businesses. Only 22% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- No single lender dominates, but the top three made 35% of these loans, so the shortlist below covers most of the active market.
- This market has performed well. Its FY2010-2019 charge-off rate of 2.6% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 21.8% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| U.S. Bank | 2 | $152,750 | 50% | 9.24% |
| TD Bank | 2 | $71,000 | 22% | 11.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- 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 the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in South Carolina: restaurants and hotels, construction, retail, personal services, professional services, healthcare
- Finance in comparable states: Tennessee, Oregon, Maryland, Washington, Utah, Connecticut