SBA lender profile
TowneBank
TowneBank appears in the public SBA loan data with 1,376 funded 7(a) loans since FY2010, totaling $1.1B, an average of $808K per loan, and an estimated 23,539 jobs supported. Its SBA lending concentrates in North Carolina and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.9%. 67.1% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 90
- Scale 94
- Activity 97
- Consistency 78
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is TowneBank the right lender for you?
Lenders fund what they know. TowneBank's SBA lending concentrates in North Carolina (316 loans) and Accommodation and Food Services (285 loans), at an average loan of $808K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $22.4B
- Headquarters
- Portsmouth, VA
- FDIC cert
- #35095
- Status
- Active
Where TowneBank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| North Carolina | 316 | $298.5M |
| Florida | 201 | $160.1M |
| Virginia | 181 | $112.5M |
| Texas | 111 | $82.7M |
| Georgia | 46 | $49.7M |
| South Carolina | 46 | $41.4M |
Metro areas where TowneBank funds
What TowneBank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 285 | $221.1M |
| Construction | 138 | $138.6M |
| Other Services | 151 | $130.1M |
| Manufacturing | 140 | $114.5M |
| Retail Trade | 142 | $105.1M |
| Health Care and Social Assistance | 118 | $90.1M |
TowneBank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 16 | $2.1M |
| 2011 | 8 | $952K |
| 2012 | 6 | $1.2M |
| 2013 | 11 | $1.2M |
| 2014 | 16 | $3.9M |
| 2015 | 10 | $2.5M |
| 2016 | 13 | $8.0M |
| 2017 | 16 | $6.2M |
| 2018 | 17 | $11.5M |
| 2019 | 24 | $15.1M |
| 2020 | 122 | $75.2M |
| 2021 | 280 | $249.1M |
| 2022 | 192 | $169.4M |
| 2023 | 209 | $155.8M |
| 2024 | 188 | $182.7M |
| 2025 | 177 | $163.9M |
| 2026 | 71 | $62.9M |
Related SBA lenders
Other lenders active in North Carolina or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
TowneBank: frequently asked questions
Does TowneBank offer SBA loans?
Yes. TowneBank appears in the public SBA data with 1,376 funded SBA 7(a) loans totaling $1.1B.
How many SBA loans has TowneBank made?
TowneBank is associated with 1,376 SBA 7(a) loans totaling $1.1B in the public SBA data (as of 2026-03-31).
What is TowneBank's SBA charge-off rate?
About 0.9% of TowneBank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does TowneBank do most of its SBA lending?
TowneBank's SBA lending in the data is most concentrated in North Carolina, and by industry in Accommodation and Food Services.
Is TowneBank an SBA Preferred Lender (PLP)?
The loan record shows TowneBank operating under PLP delegated authority: 923 of its 7(a) loans (67.1%) were processed through the Preferred Lenders Program, including 342 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). TowneBank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/townebank/
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