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South Carolina PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | South State Bank | 5,131 |
| 2 | First-Citizens Bank & Trust Company | 4,426 |
| 3 | Bank of America | 4,317 |
| 4 | Kabbage | 3,501 |
| 5 | Truist Bank d/b/a Branch Banking & Trust Co | 3,196 |
| 6 | Wells Fargo Bank | 3,180 |
| 7 | TD Bank | 1,878 |
| 8 | Synovus Bank | 1,842 |
| 9 | Celtic Bank Corporation | 1,798 |
| 10 | Cross River Bank | 1,669 |
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:
Most active SBA lenders in South Carolina
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 101 | $105,964 | 10.1% |
| 2 | Wells Fargo | Sioux Falls, SD | 72 | $203,710 | 9.7% |
| 3 | United Midwest Savings Bank | De Graff, OH | 28 | $181,286 | 8.1% |
| 4 | Stearns Bank | Saint Cloud, MN | 23 | $264,896 | 8.0% |
| 5 | First Home Bank | Saint Petersburg, FL | 23 | $217,609 | 8.0% |
| 6 | Independence Bank | East Greenwich, RI | 19 | $139,737 | 7.1% |
| 7 | Countybank | Greenwood, SC | 15 | $1,790,853 | 7.2% |
| 8 | Live Oak | Wilmington, NC | 15 | $1,315,667 | 7.3% |
| 9 | Business Development Corporation of SC | Columbia, SC | 13 | $241,015 | 7.9% |
| 10 | United Community Bank | Blairsville, GA | 12 | $447,708 | 7.6% |
| 11 | BB&T | Winston Salem, NC | 11 | $1,366,573 | 6.9% |
| 12 | Pinnacle Bank | Nashville, TN | 11 | $772,418 | 7.3% |
| 13 | Newtek Small Business Finance | Lake Success, NY | 11 | $375,136 | 8.1% |
| 14 | Bank of Travelers Rest | Travelers Rest, SC | 10 | $499,670 | 5.9% |
| 15 | Synovus Bank | Columbus, GA | 9 | $1,547,289 | 6.4% |
| 16 | First-Citizens Bank & Trust | Raleigh, NC | 9 | $854,500 | 7.2% |
| 17 | Aquesta Bank | Cornelius, NC | 8 | $995,223 | 7.6% |
| 18 | Embassy National Bank | Lawrenceville, GA | 8 | $840,625 | 6.6% |
| 19 | Cadence Bank | Atlanta, GA | 8 | $404,688 | 7.8% |
| 20 | Bank of Hope | Los Angeles, CA | 6 | $676,167 | 7.0% |
Traditional small biz loan inquiry
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PPP loan activity data: CARES Act from March – August 2020. Does not include 2021 PPP loans.