SBA lending by metro area
SBA lenders in Raleigh, NC
Which lenders fund Raleigh-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 Raleigh area
Ranked by SBA volume funded to businesses located in the Raleigh 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 | 133 | $170.0M | $1.3M | 0.75% |
| 2 | Business Expansion Funding Corporation | 202 | $156.1M | $773K | not reported |
| 3 | First National Bank of Pennsylvania | 163 | $145.8M | $894K | 9.20% |
| 4 | Wells Fargo Bank National Association | 432 | $105.1M | $243K | 7.64% |
| 5 | Truist Bank | 269 | $94.3M | $350K | 3.35% |
| 6 | TowneBank | 72 | $65.8M | $914K | 0.00% |
| 7 | North State Bank | 86 | $60.9M | $708K | 1.16% |
| 8 | The Huntington National Bank | 157 | $57.5M | $366K | 0.64% |
| 9 | Pinnacle Bank | 63 | $51.2M | $813K | 4.76% |
| 10 | The Fidelity Bank | 51 | $45.1M | $885K | 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 Raleigh compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Raleigh area | $250K ▼ 3.8% | 7.1% ▼ 0.5 pts |
| North Carolina | $260K | 7.6% |
| United States | $179K | 11.2% |
What gets funded in Raleigh
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 572 | $414.7M |
| Health Care and Social Assistance | 412 | $311.8M |
| Other Services | 393 | $172.5M |
| Retail Trade | 378 | $166.1M |
| Professional and Technical Services | 378 | $163.5M |
| Construction | 312 | $151.9M |
| Manufacturing | 191 | $122.8M |
| Arts, Entertainment, Recreation | 181 | $120.4M |
SBA lending in Raleigh by year
Geography, precisely
"Raleigh area" here means the Raleigh-Cary, NC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Franklin County, NC; Johnston County, NC; Wake 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.