Last annual update:
Big names in banks were among the largest lenders to “The Palmetto State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in South Carolina:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 127 | $131,594 | 9.6% |
| 2 | Wells Fargo | Sioux Falls, SD | 62 | $164,729 | 9.6% |
| 3 | Independence Bank | East Greenwich, RI | 29 | $120,690 | 6.5% |
| 4 | Pinnacle Bank | Nashville, TN | 21 | $554,824 | 7.0% |
| 5 | Celtic Bank | Salt Lake City, UT | 17 | $487,059 | 7.5% |
| 6 | United Community Bank | Blairsville, GA | 16 | $651,125 | 7.4% |
| 7 | First Home Bank | Seminole, FL | 15 | $375,833 | 7.7% |
| 8 | Stearns Bank | Saint Cloud, MN | 15 | $216,433 | 8.0% |
| 9 | Business Development Corporation of South Carolina | Columbia, SC | 13 | $447,062 | 7.1% |
| 10 | United Midwest Savings Bank | De Graff, OH | 13 | $138,538 | 7.7% |
| 11 | Regions Bank | Birmingham, AL | 11 | $840,655 | 6.9% |
| 12 | SunTrust Bank | Atlanta, GA | 11 | $854,555 | 6.9% |
| 13 | Aquesta Bank | Cornelius, NC | 10 | $763,240 | 7.2% |
| 14 | Live Oak | Wilmington, NC | 10 | $890,800 | 6.8% |
| 15 | State Bank and Trust | Macon, GA | 10 | $880,480 | 7.7% |
| 16 | Countybank | Greenwood, SC | 9 | $1,704,756 | 6.8% |
| 17 | Bank of Travelers Rest | Travelers Rest, SC | 8 | $234,638 | 5.8% |
| 18 | BB&T | Winston Salem, NC | 8 | $278,450 | 7.0% |
| 19 | First-Citizens Bank & Trust | Raleigh, NC | 8 | $528,750 | 7.2% |
| 20 | Newtek Small Business | Lake Success, NY | 7 | $289,000 | 7.7% |