SBA data · South Carolina
SBA lending in South Carolina
9,309 loans worth $5.83B have been approved for South Carolina projects since FY2010 - the #25 state by SBA dollars, 1.1% of the national total.
State rank
#25
by dollars approved
Approved
$5.83B
FY2010 onward
Loans
9,309
Median loan
$265,500
+48% vs national
Median 7(a) rate
7.65%
Jobs supported
106,298
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in South Carolina
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in SC | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | $440.4M | 359 | $1,226,764 | |
| 2 | Pinnacle Bank | $361.4M | 358 | $1,009,624 | |
| 3 | TD Bank | $320.8M | 1,293 | $248,099 | |
| 4 | Provident Business Financial Services, Inc. | $242.3M | 231 | $1,049,052 | |
| 5 | United Community Bank | $241.3M | 264 | $914,084 | |
| 6 | Wells Fargo Bank | $202.0M | 979 | $206,303 | |
| 7 | The Huntington National Bank | $183.5M | 350 | $524,183 | |
| 8 | GBank | $171.6M | 65 | $2,639,843 | |
| 9 | Countybank | $165.7M | 181 | $915,198 | |
| 10 | Appalachian Development Corporation | $157.6M | 174 | $905,931 | |
| 11 | Certified Development Corporation of South Carolina | $146.1M | 184 | $794,091 | |
| 12 | Truist Bank | $136.3M | 349 | $390,585 |
By sector in South Carolina
- Restaurants & Hotels1,637 · $1.73B
- Health Care906 · $563.7M
- Retail775 · $481.1M
- Other Services930 · $437.1M
- Construction913 · $336.9M
- Professional Services704 · $317.0M
- Arts & Recreation356 · $267.2M
- Wholesale347 · $252.4M
- Real Estate278 · $209.7M
- Administrative & Waste552 · $153.2M
- Agriculture117 · $105.3M
- Transportation316 · $104.6M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in South Carolina. The final bar is a partial fiscal year.
Loan sizes in South Carolina
- Under $50K20%
- $50K - $150K16%
- $150K - $350K21%
- $350K - $1M25%
- $1M - $2M11%
- Over $2M8%
SBA lending in South Carolina: common questions
- How many SBA loans are approved in South Carolina?
- 9,309 SBA 7(a) and 504 loans totalling $5,830,052,200 have been approved for projects in South Carolina since fiscal year 2010, ranking it #25 among states and territories by dollars approved - 1.1% of all SBA lending nationally.
- Which lenders make the most SBA loans in South Carolina?
- By dollars approved in South Carolina, the most active lenders are Live Oak Banking Company, Pinnacle Bank, TD Bank, Provident Business Financial Services, Inc., United Community Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in South Carolina?
- The median gross approval in South Carolina is $265,500, 48% above the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,749,000.
- Do I need to use a lender based in South Carolina?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in South Carolina, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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