SBA lending by metro area
SBA lenders in Hickory, NC
Which lenders fund Hickory-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 Hickory area
Ranked by SBA volume funded to businesses located in the Hickory 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 | 48 | $61.4M | $1.3M | 0.00% |
| 2 | Truist Bank | 50 | $21.6M | $431K | 4.00% |
| 3 | First Financial Bank | 29 | $16.3M | $562K | 0.00% |
| 4 | Pinnacle Bank | 10 | $14.9M | $1.5M | not reported |
| 5 | Business Expansion Funding Corporation | 18 | $11.6M | $642K | not reported |
| 6 | First National Bank of Pennsylvania | 15 | $11.2M | $746K | not reported |
| 7 | First Horizon Bank | 5 | $11.0M | $2.2M | not reported |
| 8 | Celtic Bank Corporation | 14 | $8.5M | $609K | not reported |
| 9 | First-Citizens Bank & Trust Company | 8 | $7.2M | $898K | not reported |
| 10 | Newtek Small Business Finance, Inc. | 8 | $7.1M | $887K | 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 Hickory compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Hickory area | $305K ▲ 17.1% | 6.7% ▼ 0.9 pts |
| North Carolina | $260K | 7.6% |
| United States | $179K | 11.2% |
What gets funded in Hickory
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 66 | $60.7M |
| Accommodation and Food Services | 54 | $54.8M |
| Health Care and Social Assistance | 65 | $44.4M |
| Retail Trade | 72 | $41.2M |
| Other Services | 40 | $32.5M |
| Construction | 48 | $19.7M |
| Real Estate | 12 | $15.7M |
| Professional and Technical Services | 32 | $15.5M |
SBA lending in Hickory by year
Geography, precisely
"Hickory area" here means the Hickory-Lenoir-Morganton, NC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Alexander County, NC; Burke County, NC; Caldwell County, NC; Catawba 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.