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
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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