Independent reference built on public SBA FOIA loan data. Not affiliated with the U.S. Small Business Administration.

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SBA lending by state

SBA Lending in North Carolina

In North Carolina, SBA lenders funded 10,122 7(a) and 504 loans totaling $7.4B, an average of $729K per loan. The most active lender is Business Expansion Funding Corporation, and the most-funded industry is Accommodation and Food Services.

By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31

Funded loans
10,122
Total volume
$7.4B
Average loan size
$729K

Most active SBA lenders in North Carolina

LenderLoansTotal volume
Business Expansion Funding Corporation 1,058 $866.2M
Live Oak Banking Company 632 $799.4M
GBank 124 $365.3M
Pinnacle Bank 282 $302.5M
TowneBank 276 $286.5M
The Huntington National Bank 569 $230.7M
Carolina Business Capital, Inc. 223 $203.9M
First National Bank of Pennsylvania 149 $159.0M

Top industries funded in North Carolina

IndustryLoansTotal volume
Accommodation and Food Services 1,682 $1.8B
Health Care and Social Assistance 1,018 $763.8M
Retail Trade 1,151 $753.0M
Other Services 999 $621.2M
Manufacturing 755 $619.5M
Construction 1,080 $603.2M
Professional and Technical Services 872 $500.7M
Arts, Entertainment, Recreation 450 $336.6M

SBA lending in North Carolina by year

Fiscal yearLoansTotal volume
2010106$55.8M
2011117$63.7M
2012133$97.5M
2013119$61.4M
2014101$67.2M
201584$46.0M
201698$71.2M
201793$84.0M
201863$59.0M
201971$57.1M
20201,069$843.6M
20211,204$1.1B
20221,103$871.5M
20231,378$962.5M
20241,678$1.1B
20251,990$1.3B
2026715$496.6M
Sources and disclaimer. Figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our methodology. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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