SBA lending by metro area
SBA lenders in Spartanburg, SC
Which lenders fund Spartanburg-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 Spartanburg area
Ranked by SBA volume funded to businesses located in the Spartanburg 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 | Countybank | 26 | $26.8M | $1.0M | 0.00% |
| 2 | Live Oak Banking Company | 15 | $18.9M | $1.3M | not reported |
| 3 | TD Bank, National Association | 46 | $15.8M | $344K | 8.70% |
| 4 | Appalachian Development Corporation | 26 | $14.4M | $555K | not reported |
| 5 | Provident Business Financial Services, Inc. | 13 | $11.9M | $918K | not reported |
| 6 | Wells Fargo Bank National Association | 53 | $10.9M | $206K | 7.55% |
| 7 | Pinnacle Bank | 11 | $10.9M | $990K | not reported |
| 8 | United Community Bank | 11 | $10.9M | $989K | not reported |
| 9 | Fifth Third Bank | 5 | $9.5M | $1.9M | not reported |
| 10 | Celtic Bank Corporation | 13 | $9.5M | $729K | 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 Spartanburg compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Spartanburg area | $300K ▲ 13.2% | 9.7% ▲ 1.8 pts |
| South Carolina | $265K | 7.9% |
| United States | $179K | 11.2% |
What gets funded in Spartanburg
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 74 | $79.8M |
| Manufacturing | 46 | $42.5M |
| Retail Trade | 48 | $32.8M |
| Other Services | 55 | $29.5M |
| Health Care and Social Assistance | 47 | $25.3M |
| Construction | 55 | $24.2M |
| Professional and Technical Services | 26 | $22.2M |
| Administrative and Support | 29 | $11.5M |
SBA lending in Spartanburg by year
Geography, precisely
"Spartanburg area" here means the Spartanburg, SC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Spartanburg County, SC; Union 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.