SBA lender · 7(a) program
TowneBank
TowneBank has approved 1,422 SBA loans worth $1.17B since FY2010 - the #89 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#89
0.23% of all SBA dollars
Total approved
$1.17B
FY2010 onward
Loans
1,422
Median loan
$550,000
+206% vs national
Median rate
8.25%
+1.50 pts vs national
Charge-off rate
7.6%
118 resolved FY10-19 loans
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.
Reading the record
What TowneBank’s numbers say
TowneBank sits solidly inside the SBA lending field, having approved 1,422 loans for a gross total of $1.17B since fiscal 2010. Its median loan of $550,000 is substantially larger than the $180,000 national median, which usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 8.25%, 1.50 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 7.6% were charged off, right at the national figure. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 41% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where TowneBank lends
| State | Loans | Share |
|---|---|---|
| North Carolina | 325 | |
| Florida | 202 | |
| Virginia | 183 | |
| Texas | 117 | |
| California | 62 | |
| South Carolina | 46 | |
| Georgia | 46 | |
| New Jersey | 45 |
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.
Questions about TowneBank
- How many SBA loans has TowneBank approved?
- TowneBank has approved 1,422 SBA loans totalling $1,165,601,000 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #89 among all SBA lenders by dollars approved.
- What is the typical TowneBank SBA loan size?
- The median gross approval is $550,000, with the middle 80% of loans falling between $50,000 and $1,950,000. The national median across all SBA lenders is $180,000.
- What interest rate does TowneBank charge on SBA 7(a) loans?
- The median initial note rate on TowneBank's 7(a) approvals is 8.25%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is TowneBank's SBA loan charge-off rate?
- 7.6% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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