SBA lending by metro area
SBA lenders in Asheville, NC
Which lenders fund Asheville-area businesses, how much, and how the market compares with North Carolina: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Asheville area
Ranked by SBA volume funded to businesses located in the Asheville metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 43 | $61.2M | $1.4M | 2.33% |
| 2 | Business Expansion Funding Corporation | 58 | $45.9M | $791K | not reported |
| 3 | HomeTrust Bank | 46 | $36.1M | $786K | 0.00% |
| 4 | Carolina Business Capital, Inc. | 38 | $29.5M | $777K | not reported |
| 5 | Truist Bank | 58 | $26.1M | $451K | 1.72% |
| 6 | United Community Bank | 29 | $25.4M | $876K | 0.00% |
| 7 | First-Citizens Bank & Trust Company | 42 | $23.0M | $548K | 4.76% |
| 8 | TD Bank, National Association | 92 | $20.1M | $218K | 3.26% |
| 9 | Wells Fargo Bank National Association | 95 | $18.6M | $196K | 7.37% |
| 10 | First Bank | 54 | $17.3M | $321K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Asheville compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Asheville area | $212K ▼ 18.4% | 9.0% ▲ 1.4 pts |
| North Carolina | $260K | 7.6% |
| United States | $179K | 11.2% |
What gets funded in Asheville
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 217 | $185.3M |
| Manufacturing | 126 | $81.1M |
| Health Care and Social Assistance | 109 | $66.0M |
| Retail Trade | 147 | $57.5M |
| Other Services | 88 | $43.8M |
| Professional and Technical Services | 81 | $32.2M |
| Construction | 103 | $32.0M |
| Arts, Entertainment, Recreation | 43 | $21.1M |
SBA lending in Asheville by year
Geography, precisely
"Asheville area" here means the Asheville, NC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Buncombe County, NC; Henderson County, NC; Madison County, NC. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.