SBA Lenders in North Carolina
Top lenders ranked by real SBA lending data. See who's most active in North Carolina across deal count, loan size, and pricing.
What Borrowers Should Know
NC's median 7(a) spread of P+2.47% is 28 basis points lower than the national median of P+2.75%, meaning borrowers here pay meaningfully less over loan life. With 193 active lenders competing for 2,948 deals, you have genuine pricing power—shop multiple lenders to capture this advantage.
Wells Fargo dominates with 418 deals (14% of all NC SBA lending), but the next four lenders combined account for only 437 deals. This concentration risk means Wells Fargo sets market terms; however, the long tail of smaller lenders creates real alternatives if Wells Fargo declines you or offers poor terms.
NC's average deal size of $445,460 sits below typical small business loan thresholds. If you're seeking $500K+, you'll face less competition and may need to negotiate harder—but deals under $400K should encounter streamlined underwriting with multiple ready lenders.
Total SBA Loans
2,948
Active Lenders
163
Avg Deal Size
$445K
Total Volume
$1.3B
Top 10 Lenders in North Carolina
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | Bank | 418 | $143K | P + 2.61%AVERAGE | |
| 2 | Truist Bank | Bank | 225 | $262K | P + 1.88%GOOD | |
| 3 | First National Bank of Pennsylvania | Bank | 116 | $629K | P + 2.50%AVERAGE | |
| 4 | First Community Bank | Bank | 112 | $256K | P + 1.44%COMPETITIVE | |
| 5 | Business Expansion Funding Cor | CDC/504 | 104 | $618K | — | |
| 6 | Northeast Bank | Bank | 98 | $159K | P + 2.75%AVERAGE | |
| 7 | Pinnacle Bank | Bank | 93 | $1.0M | P + 1.88%GOOD | |
| 8 | United Midwest Savings Bank National Association | Bank | 83 | $201K | P + 2.75%AVERAGE | |
| 9 | First Bank | Bank | 77 | $563K | P + 2.50%AVERAGE | |
| 10 | VelocitySBA, LLC | Bank | 73 | $23K | P + 4.50%HIGH |
Top Industries in North Carolina
SBA lending activity by industry segment.