SBA lending by metro area
SBA lenders in Morehead City, NC
Which lenders fund Morehead City-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 Morehead City area
Ranked by SBA volume funded to businesses located in the Morehead City micropolitan 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 | 7 | $11.2M | $1.6M | not reported |
| 2 | First National Bank of Pennsylvania | 6 | $10.7M | $1.8M | not reported |
| 3 | First-Citizens Bank & Trust Company | 6 | $5.9M | $987K | not reported |
| 4 | TowneBank | 30 | $5.6M | $186K | 0.00% |
| 5 | Business Expansion Funding Corporation | 9 | $5.3M | $592K | not reported |
| 6 | Truist Bank | 9 | $5.0M | $550K | not reported |
| 7 | PNC Bank, National Association | 5 | $1.6M | $316K | not reported |
| 8 | First Bank | 5 | $1.2M | $243K | not reported |
| 9 | Wells Fargo Bank National Association | 16 | $1.1M | $67K | not reported |
| 10 | Northeast Bank | 9 | $1.1M | $117K | 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 Morehead City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Morehead City area | $238K ▼ 8.7% | 8.1% ▲ 0.5 pts |
| North Carolina | $260K | 7.6% |
| United States | $179K | 11.2% |
What gets funded in Morehead City
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 34 | $25.0M |
| Retail Trade | 36 | $19.2M |
| Professional and Technical Services | 11 | $7.2M |
| Arts, Entertainment, Recreation | 6 | $7.1M |
| Manufacturing | 11 | $7.0M |
| Health Care and Social Assistance | 13 | $5.6M |
| Other Services | 17 | $5.3M |
| Wholesale Trade | 7 | $2.8M |
SBA lending in Morehead City by year
Geography, precisely
"Morehead City area" here means the Morehead City, NC micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Carteret 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.