SBA Lenders in South Carolina
Top lenders ranked by real SBA lending data. See who's most active in South Carolina across deal count, loan size, and pricing.
What Borrowers Should Know
South Carolina's median 7(a) spread of P+2.36% is 39 basis points lower than the national median of P+2.75%, meaning borrowers here pay measurably less interest on SBA loans. This advantage likely reflects healthy lender competition—122 active lenders in the state are actively bidding down rates to win deals.
The Business Development Corporation of South Carolina dominates with 210 deals (12% of all SC SBA volume), but the top 5 lenders represent only 723 of 1,758 total deals. This fragmented market means you have genuine alternatives and aren't forced to work with a monopoly lender—comparison shopping across multiple lenders is a realistic strategy.
At $839,015 average deal size, South Carolina's SBA market skews toward smaller businesses than the national average (typically $900K–$1M+). If your loan need is under $750K, you're in the mainstream of what SC lenders fund regularly, which should translate to faster underwriting and clearer lending precedents in your industry.
Total SBA Loans
1,834
Active Lenders
117
Avg Deal Size
$801K
Total Volume
$1.5B
Top 10 Lenders in South Carolina
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | Bank | 360 | $165K | P + 2.63%AVERAGE | |
| 2 | Wells Fargo Bank National Association | Bank | 328 | $115K | P + 2.75%AVERAGE | |
| 3 | Truist Bank | Bank | 86 | $372K | P + 2.24%GOOD | |
| 4 | Northeast Bank | Bank | 67 | $143K | P + 2.88%ABOVE AVG | |
| 5 | BayFirst National Bank | Bank | 64 | $185K | P + 3.50%ABOVE AVG | |
| 6 | Pinnacle Bank | Bank | 56 | $879K | P + 2.00%GOOD | |
| 7 | Celtic Bank Corporation | Bank | 55 | $255K | P + 2.75%AVERAGE | |
| 8 | The Huntington National Bank | Bank | 53 | $417K | P + 2.38%AVERAGE | |
| 9 | United Midwest Savings Bank National Association | Bank | 52 | $162K | P + 2.75%AVERAGE | |
| 10 | Live Oak Banking Company | Bank | 51 | $976K | P + 1.90%GOOD |
Top Industries in South Carolina
SBA lending activity by industry segment.