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South Carolina · Finance & Insurance
SBA loans for finance & insurance in South Carolina
201 loans worth $85.4M approved since FY2010 for finance and insurance projects located in South Carolina.
Loans
201
Approved
$85.4M
Median loan
$224,000
+12% vs sector nationally
Median rate
7.00%
Jobs supported
876
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.
Lenders
Who lends to finance & insurance in South Carolina
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 35 | $25.7M | |
| Newtek Bank | 4 | $5.2M | |
| United Midwest Savings Bank | 8 | $4.7M | |
| Pinnacle Bank | 4 | $3.9M | |
| TowneBank | 2 | $3.6M | |
| SouthState Bank | 10 | $3.5M | |
| Appalachian Development Corporation | 10 | $3.5M | |
| First Bank of the Lake | 2 | $3.1M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Insurance Agencies and Brokerages | 135 | |
| Investment Advice | 32 | |
| Portfolio Management and Investment Advice | 10 | |
| Financial Transactions Processing, Reserve, and Clearinghouse Activities | 4 | |
| Investment Banking and Securities Intermediation | 3 | |
| Miscellaneous Financial Investment Activities | 3 | |
| Miscellaneous Intermediation | 2 | |
| Trusts, Estates, and Agency Accounts | 2 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for finance & insurance in South Carolina since FY2010 was $224,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in South Carolina
9,309 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in South Carolina?
- 201 SBA loans totalling $85,355,200 have been approved for finance and insurance projects in South Carolina since FY2010.
- Which lenders finance finance & insurance in South Carolina?
- The most active by dollars approved are Live Oak Banking Company, Newtek Bank, United Midwest Savings Bank, Pinnacle Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in South Carolina?
- The median approval is $224,000, 12% above the national median for this sector ($200,000).
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