Top SBA Lenders – SBA Loans South Carolina

Last update: Jan 23, 2023

 

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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

SC RankSouth Carolina BankBank HQs# of LoansAvg InterestAvg SC Loan
1TD BankWilmington, DE558.8%$140,931
2United Midwest Savings BankDe Graff, OH327.3%$316,969
3Wells FargoSioux Falls, SD298.9%$312,179
4CountybankGreenwood, SC266.2%$807,519
5Live OakWilmington, NC266.3%$1,152,585
6SouthState BankWinter Haven, FL257.3%$581,964
7Newtek Small Business FinanceLake Success, NY207.1%$634,425
8Readycap Lending, LLCBerkeley Heights, NJ187.3%$860,000
9BayFirst National BankSaint Petersburg, FL177.9%$238,547
10Pinnacle BankNashville, TN166.0%$1,335,144

 

SBA loans – South Carolina

A note about these South Carolina SBA lenders – People frequently ask us if one of the banks above is 1) on the South Carolina preferred lender list 2) an approved lender in South Carolina, or 3) participating in the South Carolina SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in South Carolina and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in South Carolina and in Greenville.

We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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