SBA 7(a) loans in North Carolina
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
4,208loans approved
$300,000median loan
$109K–$750Kmiddle half of loans
$2.9Btotal approved
10%median initial rate
10 yrsmedian term
The median North Carolina loan is 71% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 201 | $454,000 |
| Limited-Service Restaurants (722513) | 157 | $472,000 |
| Hotels (except Casino Hotels) and Motels (721110) | 111 | $3,197,500 |
| Fitness and Recreational Sports Centers (713940) | 109 | $500,000 |
| Residential Remodelers (236118) | 100 | $150,000 |
| All Other Specialty Trade Contractors (238990) | 77 | $308,200 |
| Child Day Care Services (624410) | 76 | $541,750 |
| Snack and Nonalcoholic Beverage Bars (722515) | 74 | $358,500 |
| Other Personal Care Services (812199) | 72 | $349,850 |
| General Automotive Repair (811111) | 72 | $413,750 |
Most active lenders in North Carolina
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 338 | $250,000 | $147.4M |
| Live Oak Banking Company | 334 | $500,000 | $369.3M |
| Newtek Bank, National Association | 229 | $158,000 | $78.6M |
| Readycap Lending, LLC | 210 | $50,000 | $56.8M |
| Northeast Bank | 203 | $100,000 | $27.9M |
| Wells Fargo Bank National Association | 180 | $20,000 | $49.0M |
| TD Bank, National Association | 126 | $50,000 | $35.4M |
| Pinnacle Bank | 125 | $867,900 | $159.7M |
| United Midwest Savings Bank National Association | 118 | $150,000 | $39.7M |
| Bayfirst National Bank | 101 | $150,000 | $15.8M |
SBA 504 loans in North Carolina
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
224504 loans approved
$1,051,000median CDC portion
$337.5Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in North Carolina
| Lender | Loans | Median | Total |
|---|---|---|---|
| Business Expansion Funding Corporation | 145 | $969,000 | $204.2M |
| Carolina Business Capital, INC. | 42 | $1,096,500 | $65.0M |
| 504 Capital Corporation | 24 | $907,000 | $35.9M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.