Lending data
Who actually lends to healthcare practices in South Carolina?
208 SBA 7(a) loans went to healthcare practices in South Carolina recently, at a median of $241,250. Here are the lenders that made them, ranked.
208 SBA 7(a) loans went to healthcare practices in South Carolina in the most recent fiscal years. The median was $241,250 over 10 years. The most active lender was The Huntington National Bank, with 22 loans.
What lending to healthcare practices 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 | Health care and social assistance, South Carolina | All 7(a) borrowers |
|---|---|---|
| Loans approved | 208 | 214,102 |
| Median loan | $241,250 | $150,000 |
| 25th - 75th percentile | $55,000 - $634,750 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 40.9% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 5.3% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to healthcare practices 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 |
|---|---|---|---|---|
| The Huntington National Bank | 22 | $287,250 | 68% | 9.75% |
| TD Bank | 19 | $80,000 | 26% | 11.50% |
| Newtek Bank | 16 | $162,500 | 19% | 11.50% |
| Readycap Lending, LLC | 14 | $30,000 | 0% | 14.50% |
| Wells Fargo Bank | 12 | $15,000 | 100% | 12.75% |
| SouthState Bank | 10 | $212,500 | 0% | 11.25% |
| Bank of America | 8 | $631,950 | 38% | 6.65% |
| Countybank | 7 | $400,500 | 29% | 9.75% |
| Live Oak Banking Company | 7 | $300,000 | 43% | 9.75% |
| Northeast Bank | 7 | $30,600 | 0% | 10.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $241,250 is 61% 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 41% against 34% nationally.
- No single lender dominates, but the top three made 27% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 40.9% 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 |
|---|---|---|---|---|
| The Huntington National Bank | 15 | $287,250 | 68% | 9.75% |
| Wells Fargo Bank | 12 | $15,000 | 100% | 12.75% |
| TD Bank | 5 | $80,000 | 26% | 11.50% |
| United Midwest Savings Bank | 5 | $150,000 | 83% | 10.25% |
| First Bank of the Lake | 4 | $327,000 | 80% | 9.75% |
| First-Citizens Bank & Trust Company | 4 | $1,240,000 | 67% | 9.88% |
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, admin services
- Healthcare in comparable states: Tennessee, Idaho, Kansas, Louisiana, Oklahoma, Nevada