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 10 SBA Lenders in South Carolina:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 146 | $117,914 | 8.7% |
| 2 | Wells Fargo | Sioux Falls, SD | 61 | $188,095 | 8.0% |
| 3 | Live Oak | Wilmington, NC | 30 | $1,930,333 | 6.1% |
| 4 | Pinnacle Bank | Nashville, TN | 24 | $968,383 | 6.1% |
| 5 | United Community Bank | Blairsville, GA | 22 | $989,273 | 6.2% |
| 6 | Celtic Bank | Salt Lake City, UT | 19 | $259,100 | 6.7% |
| 7 | Stearns Bank | Saint Cloud, MN | 15 | $264,120 | 6.8% |
| 8 | First Home Bank | Seminole, FL | 14 | $283,214 | 6.9% |
| 9 | BB&T | Winston Salem, NC | 13 | $262,600 | 6.5% |
| 10 | Independence Bank | East Greenwich, RI | 13 | $78,846 | 7.8% |
| 11 | SunTrust Bank | Atlanta, GA | 13 | $611,031 | 6.3% |
| 12 | Business Development Corporation of South Carolina | Columbia, SC | 12 | $318,092 | 6.8% |
| 13 | Synovus Bank | Columbus, GA | 11 | $1,602,964 | 6.0% |
| 14 | United Midwest Savings Bank | De Graff, OH | 10 | $177,700 | 7.0% |
| 15 | Bank of Travelers Rest | Travelers Rest, SC | 9 | $194,556 | 5.0% |