Connect me to a Charlotte lender!
Small business loans are available from many SBA lenders. Here are the most active Charlotte SBA lenders:
Top SBA Lenders in Charlotte
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 54 | $148,130 | 10.2% |
| 2 | Huntington Bank | Columbus, OH | 53 | $493,072 | 10.3% |
| 3 | Newtek Bank | Miami, FL | 46 | $347,826 | 11.1% |
| 4 | Live Oak | Wilmington, NC | 33 | $846,788 | 10.0% |
| 5 | TD Bank | Wilmington, DE | 29 | $218,483 | 10.8% |
| 6 | Pinnacle Bank | Nashville, TN | 28 | $1,501,857 | 9.4% |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 28 | $242,836 | 13.1% |
| 8 | United Midwest Savings Bank | De Graff, OH | 20 | $392,130 | 10.7% |
| 9 | Wells Fargo | Sioux Falls, SD | 20 | $89,180 | 12.6% |
| 10 | Northeast Bank | Lewiston, ME | 16 | $125,394 | 11.3% |
| 11 | Gbank | Las Vegas, NV | 14 | $4,218,643 | 8.8% |
| 12 | Bank of George | Las Vegas, NV | 14 | $4,218,643 | 8.8% |
| 13 | SouthState Bank | Winter Haven, FL | 14 | $426,571 | 10.4% |
| 14 | BayFirst National Bank | Saint Petersburg, FL | 14 | $171,714 | 12.8% |
| 15 | Bank of America | Charlotte, NC | 12 | $559,817 | 8.5% |
| 16 | JPMorgan Chase Bank | Columbus, OH | 12 | $190,008 | 11.6% |
| 17 | Lendistry SBLC | Los Angeles, CA | 11 | $137,227 | 12.5% |
| 18 | Towne Bank | Portsmouth, VA | 10 | $1,072,660 | 10.1% |
| 19 | Celtic Bank | Salt Lake City, UT | 10 | $196,750 | 10.8% |
| 20 | First Bank of the Lake | Osage Beach, MO | 9 | $724,533 | 10.9% |
Top Industries for SBA Loans in Charlotte
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 7 | Administrative Management and General Management Consulting Services | 12 | $61,050 | 12.3% |
| 4 | Advertising Agencies | 5 | $309,600 | 9.2% |
| 4 | All Other Amusement and Recreation Industries | 6 | $1,389,217 | 9.5% |
| 2 | All Other General Merchandise Retailers | 2 | $23,000 | 12.0% |
| 1 | All Other Miscellaneous Ambulatory Health Care Services | 2 | $31,000 | 12.5% |
| 6 | All Other Personal Services | 6 | $1,003,717 | 10.3% |
| 4 | All Other Professional, Scientific, and Technical Services | 6 | $924,600 | 9.9% |
| 7 | All Other Specialty Trade Contractors | 7 | $892,171 | 9.9% |
| 2 | Amusement Arcades | 2 | $50,000 | 9.0% |
| 6 | Architectural Services | 2 | $235,000 | 9.3% |
| 1 | Automotive Oil Change and Lubrication Shops | 2 | $425,000 | 8.9% |
| 2 | Barber Shops | 2 | $262,500 | 11.9% |
| 10 | Beauty Salons | 16 | $95,531 | 11.6% |
| 2 | Caterers | 3 | $970,600 | 10.8% |
| 6 | Child Care Services | 7 | $1,407,843 | 8.5% |
| 9 | Clothing and Clothing Accessories Retailers | 6 | $81,667 | 12.8% |
| 5 | Commercial and Institutional Building Construction | 3 | $557,333 | 11.6% |
| 3 | Commercial Screen Printing | 2 | $1,079,000 | 9.4% |
| 4 | Computer Systems Design Services | 5 | $794,000 | 10.3% |
| 3 | Custom Computer Programming Services | 13 | $157,692 | 11.1% |
| 4 | Drinking Places (Alcoholic Beverages) | 15 | $802,867 | 10.1% |
| 4 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $1,118,667 | 9.7% |
| 4 | Employment Placement Agencies | 5 | $192,580 | 10.5% |
| 5 | Engineering Services | 2 | $427,500 | 10.3% |
| 1 | Exam Preparation and Tutoring | 2 | $260,700 | 10.4% |
| 10 | Fitness and Recreational Sports Centers | 14 | $384,386 | 9.9% |
| 1 | Florists | 4 | $315,000 | 11.0% |
| 2 | Freight Transportation Arrangement | 3 | $2,295,000 | 8.9% |
| 11 | Full-Service Restaurants | 19 | $1,481,184 | 10.0% |
| 3 | Gasoline Stations with Convenience Stores | 3 | $566,133 | 10.2% |
| 4 | General Freight Trucking, Long-Distance, Truckload | 5 | $302,000 | 11.6% |
| 7 | Home Health Care Services | 2 | $2,062,500 | 9.0% |
| 6 | Hotels (except Casino Hotels) and Motels | 24 | $4,088,417 | 8.7% |
| 8 | Insurance Agencies and Brokerages | 3 | $66,333 | 10.5% |
| 4 | Interior Design Services | 6 | $274,400 | 9.9% |
| 6 | Janitorial Services | 6 | $376,883 | 10.1% |
| 5 | Landscaping Services | 5 | $415,400 | 10.3% |
| 10 | Limited-Service Restaurants | 18 | $326,606 | 9.7% |
| 6 | Marketing Consulting Services | 5 | $199,660 | 11.4% |
| 5 | Mobile Food Services | 2 | $15,000 | 8.7% |
| 6 | New Single-Family Housing Construction (except For-Sale Builders) | 6 | $236,167 | 10.5% |
| 8 | Offices of All Other Miscellaneous Health Practitioners | 5 | $533,800 | 10.3% |
| 6 | Offices of Certified Public Accountants | 6 | $743,517 | 10.3% |
| 6 | Offices of Chiropractors | 5 | $566,360 | 10.7% |
| 5 | Offices of Lawyers | 3 | $225,600 | 10.2% |
| 6 | Offices of Mental Health Practitioners (except Physicians) | 5 | $227,920 | 9.1% |
| 4 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 3 | $617,433 | 7.8% |
| 9 | Offices of Physicians (except Mental Health Specialists) | 6 | $737,917 | 9.0% |
| 1 | Other Building Equipment Contractors | 2 | $2,500,000 | 8.0% |
| 3 | Other Building Finishing Contractors | 4 | $268,500 | 9.3% |
| 3 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 4 | $2,500,000 | 10.8% |
| 6 | Other Computer Related Services | 4 | $892,125 | 10.3% |
| 3 | Other Individual and Family Services | 2 | $45,000 | 9.5% |
| 7 | Other Personal Care Services | 14 | $487,486 | 11.2% |
| 4 | Other Scientific and Technical Consulting Services | 3 | $40,000 | 12.7% |
| 1 | Other Technical and Trade Schools | 4 | $350,000 | 10.5% |
| 1 | Outpatient Mental Health and Substance Abuse Centers | 4 | $250,000 | 11.5% |
| 6 | Painting and Wall Covering Contractors | 4 | $194,000 | 10.6% |
| 1 | Perishable Prepared Food Manufacturing | 2 | $203,850 | 11.0% |
| 6 | Pet Care (except Veterinary) Services | 6 | $399,833 | 10.2% |
| 8 | Plumbing, Heating, and Air-Conditioning Contractors | 10 | $680,400 | 10.4% |
| 1 | Private Mail Centers | 3 | $941,633 | 8.6% |
| 5 | Residential Property Managers | 5 | $230,000 | 11.4% |
| 8 | Residential Remodelers | 8 | $544,250 | 11.0% |
| 1 | Rolling Mill and Other Metalworking Machinery Manufacturing | 2 | $2,500,000 | 9.4% |
| 1 | Satellite Telecommunications | 4 | $30,000 | 13.3% |
| 4 | Services for the Elderly and Persons with Disabilities | 3 | $1,110,667 | 9.0% |
| 9 | Snack and Nonalcoholic Beverage Bars | 8 | $790,725 | 10.1% |
| 2 | Solid Waste Collection | 4 | $282,500 | 10.2% |
| 1 | Spice and Extract Manufacturing | 2 | $67,650 | 11.4% |
| 1 | Sporting and Athletic Goods Manufacturing | 3 | $116,667 | 12.3% |
| 3 | Sports and Recreation Instruction | 2 | $604,950 | 9.0% |
| 3 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $2,932,067 | 9.3% |
| 3 | Used Car Dealers | 2 | $267,500 | 12.5% |
| 5 | Vending Machine Operators | 2 | $150,000 | 9.8% |
Finding the right SBA lender in Charlotte can be the key to unlocking the funding your business needs. Whether you’re expanding, purchasing equipment, or managing cash flow, we connect you with top SBA lenders in Charlotte and nationwide. Click “Connect me to a Charlotte Lender” now to find the best financing options for your business!
Connect me to a Charlotte lender!
Top SBA Lenders in Charlotte NC | Charlotte SBA Loans
Introduction
Charlotte is a thriving financial and business hub, home to a growing number of startups and small businesses in industries like banking, healthcare, and technology. However, securing funding remains a challenge for many business owners. SBA loans in Charlotte offer a great solution, providing low-interest rates, long repayment terms, and accessible capital for businesses that may not qualify for traditional loans. Whether you need financing to expand, purchase equipment, or manage working capital, an SBA loan can help fuel your business’s growth.
SBA Lending in Charlotte: Last Year Overview
SBA lending continues to be a crucial resource for small businesses in Charlotte. Here are the key statistics from last year:
- Total SBA Loans Issued: $131,379,400
- Number of SBA Loans: 235
- Average Loan Amount: $559,061.28
- Average Interest Rate: 11.33%
- Jobs Supported: 2,696
- SBAlenders.com City Ranking: #17 in the U.S.
These numbers highlight the role of SBA loans in Charlotte, ensuring that business owners have access to the necessary funding while contributing to job creation in the local economy.
Why Lenders Choose Us
Lenders choose to work with us because we simplify the SBA loan process, helping business owners secure the best financing options. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the top SBA lenders in Charlotte and nationwide.
- Efficient Loan Application Process: Our system speeds up approvals and reduces paperwork.
- Expert Business Loan Guidance: Our team helps business owners navigate SBA loan requirements to maximize their chances of approval.
- Tailored Loan Matching: We analyze each business’s needs and match them with the most suitable lenders.
- Proven Success: Thousands of businesses have secured SBA funding through our platform, helping them grow and create jobs.
By working with us, lenders can efficiently support small businesses while ensuring successful loan outcomes.
Overview of SBA Loan Program in Charlotte
The SBA 7(a) loan program is the most flexible SBA loan option, designed to support various business needs. Here’s what you need to know about SBA loans:
- Loan Size: Up to $5,000,000
- Loan Term: 10 years for non-real estate loans; 25 years for real estate loans
- Interest Rates: Slightly higher than conventional loans, negotiated with lenders within SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment financing, debt refinancing, partner buyouts, franchise openings, and working capital
- Down Payment: Typically 10% to 20%
- Credit Score Requirement: 680+ is ideal, with a minimum of 640 for consideration
- Collateral: Not required, but all available collateral must be pledged
SBA loans are designed for businesses that may not qualify under traditional lending standards, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners in nearby areas may also find SBA lending opportunities in these cities:
Belmont, Concord, Cornelius, Davidson, Fort Mill, Gastonia, Harrisburg, Huntersville, Indian Trail, Kannapolis, Matthews, Mint Hill, Monroe, Pineville, Rock Hill.
Resources for Small Businesses in Charlotte
Charlotte business owners have access to valuable resources to support their growth:
- Charlotte SBA District Office – Provides assistance with SBA loan programs and applications.
- SCORE Charlotte – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services for small businesses.
- Charlotte Regional Business Alliance – Connects business owners with networking and funding opportunities.
Summary
SBA loans continue to be a key funding source for small businesses in Charlotte, providing necessary capital to fuel business growth and job creation. With competitive interest rates, flexible repayment terms, and strong business support, securing an SBA loan could be the key to your business’s success. If you’re looking for the best SBA lenders in Charlotte, explore your options today and take the next step toward securing the right financing.