Top SBA Lenders in North Carolina
The 25 most active SBA 7(a) lenders in North Carolina, ranked by total loan volume. Data comes directly from SBA FOIA records covering every approved 7(a) loan from 2021 through 2026.
Explore the full dataset →Why your SBA lender matters
Not every SBA lender will work your deal. Lenders specialize by industry, deal size, and loan purpose, and their approval, funding, and default patterns vary significantly from institution to institution. Matching your deal to a lender with the right historical activity in your market gives you a better shot at a clean, predictable close.
| # | Lender | Loans | Total Volume | Avg Loan | Funded % | Default % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 572 | $227.3M | $397K | 73.6% | 1.0% |
| 2 | Live Oak Banking Company | 569 | $690.4M | $1.2M | 91.2% | 0.0% |
| 3 | Wells Fargo Bank National Association | 473 | $84.9M | $180K | 86.9% | 4.6% |
| 4 | Northeast Bank | 427 | $61.4M | $144K | 45.2% | 0.5% |
| 5 | Newtek Bank, National Association | 349 | $150.0M | $430K | 53.9% | 0.0% |
| 6 | Readycap Lending, LLC | 313 | $95.6M | $305K | 80.2% | 0.8% |
| 7 | TowneBank | 249 | $265.4M | $1.1M | 81.5% | 0.0% |
| 8 | Pinnacle Bank | 247 | $277.9M | $1.1M | 87.0% | 0.0% |
| 9 | TD Bank, National Association | 224 | $66.7M | $298K | 77.7% | 4.0% |
| 10 | United Midwest Savings Bank National Association | 209 | $64.1M | $306K | 91.9% | 4.2% |
| 11 | BayFirst National Bank | 186 | $31.4M | $169K | 95.7% | 4.5% |
| 12 | Celtic Bank Corporation | 155 | $71.0M | $458K | 88.4% | 0.0% |
| 13 | First Bank | 148 | $126.4M | $854K | 88.5% | 0.0% |
| 14 | Bank of America, National Association | 143 | $73.2M | $512K | 74.8% | 0.0% |
| 15 | First Community Bank | 139 | $68.4M | $492K | 87.8% | 0.0% |
| 15 | SouthState Bank, National Association | 139 | $58.3M | $420K | 94.2% | 2.3% |
| 17 | Bank of Oak Ridge | 133 | $121.3M | $912K | 84.2% | 0.0% |
| 18 | First National Bank of Pennsylvania | 130 | $141.2M | $1.1M | 86.2% | 0.9% |
| 19 | The Fidelity Bank | 128 | $120.6M | $942K | 89.8% | 0.9% |
| 20 | PNC Bank, National Association | 127 | $33.6M | $265K | 76.4% | 2.1% |
| 21 | Newtek Small Business Finance, Inc. | 112 | $72.4M | $646K | 61.6% | 0.0% |
| 22 | GBank | 111 | $334.4M | $3.0M | 96.4% | 0.0% |
| 23 | Citizens Bank | 109 | $102.7M | $942K | 89.0% | 0.0% |
| 24 | HomeTrust Bank | 108 | $115.8M | $1.1M | 93.5% | 3.0% |
| 25 | U.S. Bank, National Association | 106 | $32.8M | $309K | 82.1% | 1.1% |
Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026. Lenders with fewer than 3 approved loans in North Carolina during this period are excluded. Funded % = approved loans that were funded. Default % = SBA-purchased loans divided by funded loans. Rankings are by total loan count.
How to read this table
Funded % is the share of approved loans that actually closed. A lender with a high approval rate but low funded rate may be approving deals they later back out of, which is a sign of a disorganized process or shifting appetite.
Default % is the share of funded loans that the SBA had to purchase (the borrower stopped paying). A high default rate isn't automatically disqualifying (some lenders specialize in riskier deals), but it affects how cautious their underwriting is likely to be.
Loan count vs. total volume tell different stories. A lender at the top by loan count may specialize in smaller deals; a lender with fewer but larger loans may only work with mid-market acquisitions. Match your deal size to their typical range.
Volume rankings show who's historically active in North Carolina. They don't tell you who's actively lending right now or who has the right appetite for your specific industry and deal structure. That's where we come in.
Top SBA lending cities in North Carolina
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