apply for a South Carolina SBA Loan
Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
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 | 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 South Carolina | 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% |
apply for a South Carolina SBA Loan