SBA lending by state
SBA Lending in North Carolina
In North Carolina, SBA lenders funded 20,885 7(a) and 504 loans since FY2010, totaling $12.7B, an average of $606K per loan. The most active lender is Wells Fargo Bank National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in North Carolina
Ranked by SBA loans funded in North Carolina since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its North Carolina loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in North Carolina shows “not reported,” never 0%.
See the full North Carolina ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 2,285 | $559.5M | $245K | 6.56% |
| 2 | Truist Bank | 1,561 | $569.4M | $365K | 2.43% |
| 3 | Business Expansion Funding Corporation | 1,058 | $866.2M | $819K | not reported |
| 4 | Live Oak Banking Company | 1,047 | $1.4B | $1.3M | 0.19% |
| 5 | First National Bank of Pennsylvania | 880 | $638.3M | $725K | 6.82% |
| 6 | The Huntington National Bank | 611 | $269.2M | $441K | 1.47% |
| 7 | First Community Bank | 545 | $183.6M | $337K | 0.18% |
| 8 | Pinnacle Bank | 529 | $492.1M | $930K | 2.46% |
| 9 | Celtic Bank Corporation | 502 | $186.3M | $371K | 9.16% |
| 10 | Northeast Bank | 499 | $74.2M | $149K | 1.60% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in North Carolina
An SBA 504 project in North Carolina pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in North Carolina, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Business Expansion Funding Corporation | 1,058 | $866.2M |
| Carolina Business Capital, Inc. | 223 | $203.9M |
| SBA CLSC Servicing | 177 | $128.7M |
| 504 Capital Corporation | 91 | $100.2M |
| Provident Business Financial Services, Inc. | 5 | $11.3M |
| Florida Business Development Corporation | 5 | $10.0M |
| Florida First Capital Finance Corporation, Inc. | 5 | $3.9M |
| Certified Development Corporation of South Carolina | 4 | $4.5M |
| Independent Development Services Corporation | 3 | $8.8M |
| Michigan Certified Development Corporation | 1 | $1.5M |
Showing the 10 CDCs most active on 504 loans in North Carolina; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in North Carolina
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 3,345 | $3.1B |
| Health Care and Social Assistance | 2,109 | $1.4B |
| Retail Trade | 2,616 | $1.3B |
| Manufacturing | 1,600 | $1.1B |
| Other Services | 2,045 | $1.0B |
| Professional and Technical Services | 1,881 | $882.0M |
| Construction | 1,918 | $803.7M |
| Arts, Entertainment, Recreation | 805 | $508.6M |
Top cities for SBA loans in North Carolina
Where SBA 7(a) and 504 borrowers in North Carolina are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Charlotte | 2,763 | $1.7B |
| Raleigh | 1,530 | $828.6M |
| Wilmington | 750 | $449.3M |
| Greensboro | 660 | $436.0M |
| Durham | 681 | $402.5M |
| Asheville | 582 | $317.5M |
| Cary | 507 | $273.1M |
| Fayetteville | 358 | $235.4M |
SBA lending by metro area in North Carolina
Which lenders fund each North Carolina market, with local loan sizes and industries.
- SBA lenders in Charlotte, NC 6,631 loans
- SBA lenders in Raleigh, NC 3,567 loans
- SBA lenders in Virginia Beach, VA 3,005 loans
- SBA lenders in Greensboro, NC 1,241 loans
- SBA lenders in Wilmington, NC 1,162 loans
- SBA lenders in Durham, NC 1,202 loans
- SBA lenders in Winston-Salem, NC 985 loans
- SBA lenders in Asheville, NC 1,094 loans
- SBA lenders in Hickory, NC 510 loans
- SBA lenders in Fayetteville, NC 470 loans
- SBA lenders in Burlington, NC 248 loans
- SBA lenders in Greenville, NC 327 loans
- SBA lenders in Jacksonville, NC 259 loans
- SBA lenders in Pinehurst, NC 192 loans
- SBA lenders in Rocky Mount, NC 173 loans
- SBA lenders in Mount Airy, NC 415 loans
- SBA lenders in New Bern, NC 173 loans
- SBA lenders in Lumberton, NC 99 loans
- SBA lenders in Kill Devil Hills, NC 196 loans
- SBA lenders in Morehead City, NC 160 loans
- SBA lenders in Shelby, NC 121 loans
- SBA lenders in Anderson Creek, NC 132 loans
- SBA lenders in Wilson, NC 95 loans
- SBA lenders in Goldsboro, NC 126 loans
- SBA lenders in North Wilkesboro, NC 131 loans
- SBA lenders in Waynesville, NC 117 loans
- SBA lenders in Sanford, NC 102 loans
- SBA lenders in Albemarle, NC 98 loans
- SBA lenders in Forest City, NC 99 loans
- SBA lenders in Rockingham, NC 55 loans
- SBA lenders in Washington, NC 100 loans
- SBA lenders in Boone, NC 107 loans
- SBA lenders in Laurinburg, NC 38 loans
- SBA lenders in Roanoke Rapids, NC 55 loans
- SBA lenders in Elizabeth City, NC 86 loans
- SBA lenders in Henderson, NC 49 loans
- SBA lenders in Brevard, NC 62 loans
- SBA lenders in Kinston, NC 47 loans
- SBA lenders in Marion, NC 43 loans
SBA lending in North Carolina by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,153 | $311.6M |
| 2011 | 1,249 | $487.2M |
| 2012 | 844 | $432.4M |
| 2013 | 915 | $464.0M |
| 2014 | 897 | $471.6M |
| 2015 | 1,282 | $621.9M |
| 2016 | 1,397 | $815.0M |
| 2017 | 1,460 | $847.7M |
| 2018 | 1,356 | $809.3M |
| 2019 | 1,195 | $690.3M |
| 2020 | 1,069 | $843.6M |
| 2021 | 1,204 | $1.1B |
| 2022 | 1,103 | $871.5M |
| 2023 | 1,378 | $962.5M |
| 2024 | 1,678 | $1.1B |
| 2025 | 1,990 | $1.3B |
| 2026 | 715 | $496.6M |
SBA lending in North Carolina: frequently asked questions
How much SBA lending is there in North Carolina?
SBA lenders funded 20,885 7(a) and 504 loans totaling $12.7B in North Carolina in the public SBA data (as of 2026-03-31), an average of $606K per loan.
Who is the most active SBA lender in North Carolina?
Wells Fargo Bank National Association is the most active SBA lender in North Carolina in the public data, by loans funded.
What industries get the most SBA loans in North Carolina?
The most-funded industry for SBA loans in North Carolina is Accommodation and Food Services.
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