SBA lending by metro area
SBA lenders in Florence, SC
Which lenders fund Florence-area businesses, how much, and how the market compares with South 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 Florence area
Ranked by SBA volume funded to businesses located in the Florence 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 | 9 | $18.4M | $2.0M | not reported |
| 2 | Provident Business Financial Services, Inc. | 15 | $7.4M | $495K | not reported |
| 3 | TD Bank, National Association | 23 | $5.6M | $244K | 26.09% |
| 4 | The MINT National Bank | 5 | $5.5M | $1.1M | not reported |
| 5 | The Huntington National Bank | 5 | $3.5M | $692K | not reported |
| 6 | United Community Bank | 5 | $3.0M | $591K | not reported |
| 7 | Wells Fargo Bank National Association | 37 | $2.5M | $68K | 2.70% |
| 8 | Readycap Lending, LLC | 5 | $2.0M | $405K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Florence compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Florence area | $261K ▼ 1.5% | 11.0% ▲ 3.1 pts |
| South Carolina | $265K | 7.9% |
| United States | $179K | 11.2% |
What gets funded in Florence
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 57 | $80.4M |
| Health Care and Social Assistance | 20 | $11.2M |
| Manufacturing | 11 | $9.7M |
| Retail Trade | 21 | $8.8M |
| Wholesale Trade | 8 | $7.9M |
| Professional and Technical Services | 6 | $3.9M |
| Other Services | 11 | $3.4M |
| Finance and Insurance | 5 | $3.3M |
SBA lending in Florence by year
Geography, precisely
"Florence area" here means the Florence, SC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Darlington County, SC; Florence County, SC. 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.