Lending data
Who actually lends to manufacturers in South Carolina?
111 SBA 7(a) loans went to manufacturers in South Carolina recently, at a median of $350,000. Here are the lenders that made them, ranked.
111 SBA 7(a) loans went to manufacturers in South Carolina in the most recent fiscal years. The median was $350,000 over 10 years. The most active lender was TD Bank, with 14 loans.
What lending to manufacturers 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 | Manufacturing, South Carolina | All 7(a) borrowers |
|---|---|---|
| Loans approved | 111 | 214,102 |
| Median loan | $350,000 | $150,000 |
| 25th - 75th percentile | $100,000 - $900,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 34.2% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 8.3% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to manufacturers 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 | 14 | $85,000 | 43% | 10.90% |
| First-Citizens Bank & Trust Company | 10 | $525,000 | 50% | 10.50% |
| Countybank | 8 | $433,500 | 12% | 9.62% |
| Newtek Bank | 7 | $155,000 | 14% | 10.50% |
| Live Oak Banking Company | 6 | $425,000 | 17% | 10.00% |
| First Bank | 5 | $717,000 | 80% | 9.75% |
| BayFirst National Bank | 5 | $150,000 | 0% | 13.25% |
| Readycap Lending, LLC | 4 | $40,000 | 25% | 14.50% |
| Wells Fargo Bank | 4 | $15,000 | 100% | 14.25% |
| The Huntington National Bank | 4 | $491,000 | 0% | 8.75% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $350,000 is 133% 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 34% against 34% nationally.
- No single lender dominates, but the top three made 29% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 34.2% 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 |
|---|---|---|---|---|
| TD Bank | 6 | $85,000 | 43% | 10.90% |
| First-Citizens Bank & Trust Company | 5 | $525,000 | 50% | 10.50% |
| First Bank | 4 | $717,000 | 80% | 9.75% |
| Wells Fargo Bank | 4 | $15,000 | 100% | 14.25% |
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
- Manufacturing in comparable states: Nevada, New Hampshire, Kentucky, Kansas, Oklahoma, Tennessee