FAIR
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
242
2013–2026
Total Volume
$34M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a)
242 total segments
Carolina Small Business Development Fund focuses heavily on startups, with 64% of their deals going to new businesses. This is a strong signal for first-time borrowers looking for support in launching their ventures.
With an average 7(a) spread of P+3.94%, Carolina's rates are notably higher than the national median of ~P+2.75%. Borrowers should be prepared for potentially higher costs compared to other lenders.
The lender has seen a -14% year-over-year decline in deals, indicating a potential tightening in lending activity. This trend may affect approval rates and the availability of funds for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes.
States where Carolina Small Business Development Fund has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Manufacturing
Manufacturing
Transportation & Warehousing
Transportation & Warehousing
Administrative & Waste Services
Administrative & Waste Services
Personal Care (Salons, Spas)
Other Services
Social Assistance
Health Care & Social Assistance
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for Carolina Small Business Development Fund, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| North Carolina · Restaurants & Food Service · $150K – $350K | 7(a) | 28 | P+3.88% | $226K | Q4 2025 |
| North Carolina · Restaurants & Food Service · Under $150K | 7(a) | 26 | P+4.88% | $94K | Q1 2023 |
| North Carolina · Administrative & Waste Services · Under $150K | 7(a) | 17 | P+4.00% | $90K | Q3 2023 |
| North Carolina · Transportation & Warehousing · Under $150K | 7(a) | 11 | P+4.75% | $82K | Q1 2023 |
| North Carolina · Manufacturing · Under $150K | 7(a) | 11 | P+4.75% | $113K | Q1 2025 |
| North Carolina · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 10 | P+3.38% | $232K | Q3 2024 |
| North Carolina · Social Assistance · Under $150K | 7(a) | 9 | P+5.25% | $75K | Q1 2025 |
| North Carolina · Retail Trade · Under $150K | 7(a) | 8 | P+5.25% | $81K | Q4 2018 |
| North Carolina · Arts, Entertainment & Recreation · Under $150K | 7(a) | 8 | P+4.50% | $79K | Q4 2019 |
| North Carolina · Manufacturing · $150K – $350K | 7(a) | 8 | P+4.13% | $227K | Q3 2025 |
| North Carolina · Personal Care (Salons, Spas) · Under $150K | 7(a) | 8 | P+4.00% | $99K | Q1 2025 |
| North Carolina · Transportation & Warehousing · $150K – $350K | 7(a) | 7 | P+3.00% | $215K | Q3 2025 |
| North Carolina · Sporting Goods & Hobby · Under $150K | 7(a) | 6 | P+5.25% | $74K | Q2 2017 |
| North Carolina · Other Health Practitioners · Under $150K | 7(a) | 6 | P+4.00% | $63K | Q4 2023 |
| North Carolina · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 5 | P+4.00% | $221K | Q1 2025 |
| North Carolina · General Merchandise · $150K – $350K | 7(a) | 5 | P+4.50% | $215K | Q1 2020 |
| North Carolina · Food & Beverage Stores · $150K – $350K | 7(a) | 5 | P+4.50% | $226K | Q3 2023 |
| North Carolina · Education · Under $150K | 7(a) | 5 | P+4.00% | $78K | Q4 2019 |
| North Carolina · Food & Beverage Stores · Under $150K | 7(a) | 5 | P+4.50% | $99K | Q2 2023 |
| North Carolina · Physician & Dental Offices · Under $150K | 7(a) | 4 | P+2.25% | $107K | Q1 2025 |
| North Carolina · Management & IT Consulting · $150K – $350K | 7(a) | 4 | P+4.38% | $215K | Q1 2024 |
| North Carolina · Other Professional Services · Under $150K | 7(a) | 4 | P+5.00% | $95K | Q1 2020 |
| North Carolina · Other Repair & Services · Under $150K | 7(a) | 4 | P+5.04% | $73K | Q1 2017 |
| North Carolina · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+4.75% | $99K | Q1 2018 |
| North Carolina · Miscellaneous Retail · $150K – $350K | 7(a) | 3 | P+2.75% | $283K | Q4 2024 |
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