Top SBA Lenders in South Carolina

Small businesses in the Palmetto State have a robust set of financial allies in the form of top SBA lenders. These institutions play a crucial role in providing SBA loans to support entrepreneurship and business expansion. Here’s a closer look at the top 10 SBA lenders in South Carolina:

South Carolina Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1TD BankWilmington, DE73 $131,373 9.3%
2Wells FargoSioux Falls, SD42 $229,243 9.5%
3United Midwest Savings BankDe Graff, OH36 $295,639 7.6%
4Live OakWilmington, NC31 $1,219,684 6.6%
5SouthState BankWinter Haven, FL30 $533,400 7.6%
6CountybankGreenwood, SC27 $816,241 6.6%
7Newtek Small Business FinanceLake Success, NY23 $645,891 7.4%
8Readycap Lending, LLCBerkeley Heights, NJ21 $758,571 7.6%
9BayFirst National BankSaint Petersburg, FL20 $224,015 8.3%
10Pinnacle BankNashville, TN19 $1,196,400 6.4%
11The Huntington National BankColumbus, OH19 $465,053 7.4%
12Celtic BankSalt Lake City, UT11 $829,855 8.0%
13BancorpSouth BankTupelo, MS10 $213,500 7.4%
14Citizens BankElizabethton, TN10 $467,850 6.9%
15Bank of AmericaCharlotte, NC9 $221,289 3.3%
16Business Development Corporation of South CarolinaColumbia, SC9 $268,600 7.3%
17Truist BankCharlotte, NC9 $891,700 6.7%
18United Community BankBlairsville, GA8 $926,500 7.3%
19Bank of Oak RidgeOak Ridge, NC7 $933,614 8.0%
20First National Bank of PennsylvaniaGreenville, PA7 $1,369,771 6.7%
21Harvest Small Business FinanceLaguna Hills, CA7 $737,357 7.7%
22First-Citizens Bank & TrustRaleigh, NC6 $741,500 7.0%
23Bank of GeorgeLas Vegas, NV5 $1,960,200 6.3%
24GbankLas Vegas, NV5 $1,960,200 6.3%
25HomeTrust BankAsheville, NC5 $899,800 7.1%
26Bank of Travelers RestTravelers Rest, SC4 $679,775 4.4%
27First BankSouthern Pines, NC4 $561,250 9.5%
28First Chatham BankSavannah, GA4 $522,250 7.8%
29Peoples BankMendenhall, MS4 $3,537,550 6.1%
30Regions BankBirmingham, AL4 $1,835,350 7.1%
31Synovus BankColumbus, GA4 $577,025 6.4%
32U.S. BankCincinnati, OH4 $50,000 8.9%
33West Town Bank & TrustNorth Riverside, IL4 $321,750 7.7%
34Ameris BankAtlanta, GA3 $1,238,667 7.3%
35Customers BankMalvern, PA3 $452,533 8.1%
36First Bank of the LakeOsage Beach, MO3 $1,260,833 6.1%
37First Internet Bank of IndianaFishers, IN3 $1,473,000 7.5%
38Oconee State BankWatkinsville, GA3 $1,303,400 5.6%
39The Bancorp BankSioux Falls, SD3 $439,000 5.8%

1. TD Bank

TD Bank, based in Wilmington, Delaware, leads the list with 73 loans. Offering an average loan of $131,373 at a 9.3% interest rate, TD Bank provides a national presence for South Carolina businesses. Borrowers may benefit from TD Bank’s extensive network and financial services.

2. Wells Fargo

Wells Fargo, headquartered in Sioux Falls, South Dakota, is a national player with a considerable footprint in South Carolina. With 42 loans, the bank offers an average loan of $229,243 at a 9.5% interest rate. Businesses in the state looking for a well-established financial partner with a broad range of services may find Wells Fargo to be a strategic choice.

3. United Midwest Savings Bank

United Midwest Savings Bank, based in De Graff, Ohio, brings a regional focus to South Carolina. Facilitating 36 loans, the bank offers an average loan of $295,639 at a 7.6% interest rate. Businesses seeking a regional partner with a personalized touch and competitive terms may find United Midwest Savings Bank to be an attractive option.

4. Live Oak

Live Oak, headquartered in Wilmington, North Carolina, stands out with a focus on larger loan amounts. With 31 loans, Live Oak provides an average loan of $1,219,684 at a competitive 6.6% interest rate. South Carolina businesses looking for substantial financial backing for growth and expansion may find Live Oak to be a strategic partner.

5. SouthState Bank

SouthState Bank, based in Winter Haven, Florida, is a regional player with a presence in South Carolina. With 30 loans, the bank offers an average loan of $533,400 at a 7.6% interest rate. Businesses in the state looking for localized support with competitive financing terms may find SouthState Bank to be an ideal partner.

6. Countybank

Countybank, located in Greenwood, South Carolina, distinguishes itself with a focus on personalized service. Facilitating 27 loans, the bank offers an average loan of $816,241 at a 6.6% interest rate. Countybank caters to businesses seeking community-oriented support and competitive financing terms.

7. Newtek Small Business Finance

Newtek Small Business Finance, headquartered in Lake Success, New York, secures the seventh position. With 23 loans, the lender offers an average loan of $645,891 at a 7.4% interest rate. South Carolina businesses looking for diverse financial services and substantial funding may find Newtek Small Business Finance to be a strategic partner.

8. Readycap Lending, LLC

Readycap Lending, LLC, located in Berkeley Heights, New Jersey, focuses on mid-sized loans. With 21 loans, the lender offers an average loan of $758,571 at a 7.6% interest rate. South Carolina businesses looking for a lender with a focus on mid-sized financing and competitive terms may find Readycap Lending, LLC to be an ideal partner.

9. BayFirst National Bank

BayFirst National Bank, located in Saint Petersburg, Florida, is a regional player with a focus on personalized service. Facilitating 20 loans, the bank offers an average loan of $224,015 at an 8.3% interest rate. South Carolina businesses seeking localized support with competitive financing terms may find BayFirst National Bank to be an attractive option.

10. Pinnacle Bank

Pinnacle Bank, headquartered in Nashville, Tennessee, closes the top 10 SBA lenders in South Carolina. With 19 loans, the bank offers an average loan of $1,196,400 at a 6.4% interest rate. Businesses in the state looking for substantial financial support may find Pinnacle Bank to be a strategic partner.

In conclusion, South Carolina businesses have a diverse array of SBA lenders to choose from, each offering unique advantages. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Palmetto State.

Top Industries for SBA loans in South Carolina

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants30 $862,577 7.2%
2Limited-Service Restaurants27 $681,259 6.6%
3Hotels (except Casino Hotels) and Motels23 $2,265,770 6.3%
4All Other Specialty Trade Contractors17 $744,676 7.4%
5Offices of Chiropractors14 $270,571 7.4%
6Insurance Agencies and Brokerages13 $632,038 7.0%
7Plumbing, Heating, and Air-Conditioning Contractors13 $246,154 8.2%
8Child Day Care Services12 $1,104,750 6.8%
9Landscaping Services11 $574,264 7.8%
10General Freight Trucking, Long Distance, Truckload9 $222,222 9.0%
11Beauty Salons8 $217,125 7.8%
12General Automotive Repair8 $411,738 8.0%
13Fitness and Recreational Sports Centers7 $474,900 8.3%
14General Freight Trucking, Local7 $343,386 7.3%
15Offices of Dentists7 $521,900 6.6%
16Other Personal Care Services7 $299,000 8.3%
17Residential Remodelers7 $160,543 8.9%
18Other Services to Buildings and Dwellings6 $154,167 7.9%
19All Other Personal Services5 $469,740 8.4%
20Services for the Elderly and Persons with Disabilities5 $364,000 6.0%
21Residential Property Managers5 $105,000 8.5%
22Painting and Wall Covering Contractors5 $211,600 8.7%
23Snack and Nonalcoholic Beverage Bars5 $156,000 9.6%
24Other Miscellaneous Durable Goods Merchant Wholesalers5 $1,715,280 7.1%
25Supermarkets and Other Grocery (except Convenience) Stores4 $305,500 9.2%
26Home Health Care Services4 $199,750 6.8%
27Offices of Physical, Occupational and Speech Therapists, and Audiologi4 $205,375 7.0%
28Other Management Consulting Services4 $94,000 8.9%
29Other Waste Collection4 $252,625 7.3%
30Veterinary Services4 $538,550 6.7%
31Remediation Services4 $777,000 7.6%
32Wood Kitchen Cabinet and Countertop Manufacturing4 $1,789,725 5.6%
33Used Household and Office Goods Moving3 $79,667 7.9%
34Private Mail Centers3 $494,667 5.6%
35All Other Amusement and Recreation Industries3 $1,732,200 8.0%
36All Other Professional, Scientific, and Technical Services3 $2,669,333 6.3%
37Baked Goods Stores3 $391,867 5.9%
38Caterers3 $235,667 9.2%
39Medical Laboratories3 $466,333 6.5%
40Other Personal and Household Goods Repair and Maintenance3 $208,333 7.8%

Top SBA Loan Franchises in South Carolina

RankFranchiseName# of Loans Avg Loan Avg Interest
1Subway4 $1,028,175 6.3%
2Red Roof Inn4 $1,861,100 5.3%
3Sub Station II3 $90,033 7.0%
4The UPS Store2 $559,550 5.7%
5Schooley Mitchell2 $150,000 8.3%
6Labor Panes2 $150,000 9.0%
7Poolwerx2 $150,000 6.0%
8JDog Junk Removal & Hauling2 $150,000 6.0%
9LIME Painting2 $150,000 6.3%
101-800-PLUMBER2 $150,000 8.3%
11Property Management Inc.2 $150,000 9.0%
12Senior Care Authority2 $150,000 6.3%
13Closet Factory2 $782,500 5.6%
14CertaPro Painters2 $369,000 9.0%
15Ascend Hotel Collection2 $2,400,000 5.3%
16Bio-One2 $150,000 9.0%
17EverLine Coatings and Services2 $157,000 9.8%
18Great Harvest Bread Co.2 $417,800 5.5%
19HouseMaster2 $150,000 9.8%
20Pro-Lift Doors2 $150,000 7.5%
21Romeo’s Pizza2 $415,000 7.5%
22Baymont Inn & Suites2 $1,938,750 6.5%
23Days Inn2 $2,852,700 7.0%
24Ramada2 $3,385,000 5.3%
25Super 82 $1,397,000 6.3%
26Travelodge2 $1,675,000 7.8%
27Lean Kitchen Company2 $165,750 5.5%
28Americas Best Value Inn2 $944,000 7.0%

Top South Carolina SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1CHISHOLM HEATING & AIR PLUMBIGreer,, SCPlumbing, Heating, and Air-Conditioning Contractors $250K or less 9.5%202
2KEYSTONE PROFUSION SERVICES PCMount Pleasant, SCAll Other Outpatient Care Centers $250K – $500K 4.3%190
3IMPRESA BUILDING SYSTEMS OF GRGreenwood, SCManufactured Home (Mobile Home) Manufacturing $2.5M – $5M 6.0%180
4TURTLE 79 LLCMauldin, SCFull-Service Restaurants $1M – $2.5M 6.3%143
5GOODWIN GROUP HOLDINGS LLCPickens, SCSupermarkets and Other Grocery (except Convenience) Stores $500K – $1M 9.0%135
6CCP REALTY LLCGreenville, SCLandscaping Services $1M – $2.5M 7.3%120
7DODSON BAKERY CORPORATIONNorth Carleston, SCBaked Goods Stores $250K – $500K 5.5%108
8STRATEGIC SUPPORT SOLUTIONS LGreenville, SCFacilities Support Services $1M – $2.5M 6.7%96
9ZAY N LIMO LLCAnderson, SCAll Other Amusement and Recreation Industries $2.5M – $5M 6.5%87
10PARKMAN OAKLAND LLCMount Pleasant, SCLimited-Service Restaurants $500K – $1M 6.8%80
11CAROLINA THERAPEUTICSGreenville, SCOffices of Physical, Occupational and Speech Therapists, and Audiologi $250K – $500K 6.3%76
12TAVERN AND TABLE LLCMount Pleasant, SCFull-Service Restaurants $2.5M – $5M 6.0%75
13SINCLAIR MANAGEMENT INCLaurens, SCLimited-Service Restaurants $1M – $2.5M 5.8%66
14KELLEY ENGINEERING LLCPiedmont, SCEngineering Services $500K – $1M 7.5%63
15CAMERON LUMBER COMPANYCameron, SCSawmills $2.5M – $5M 5.7%63
16WOLFPACK 318 LLCSummerville, SC $500K – $1M 8.5%62
17STEAMING KINGS MAULDIN LLCMauldin, SCLimited-Service Restaurants $500K – $1M 5.8%62
18SLG PACKAGE CONCEPTS LLCGreer, SCCorrugated and Solid Fiber Box Manufacturing $500K – $1M 6.0%62
19MSM RESTAURANTS LLCDuncan, SCLimited-Service Restaurants $2.5M – $5M 6.0%62
20DWJR PROPERTIES LLCSpartanburg, SCAll Other Miscellaneous Electrical Equipment and Component Manufacturi $2.5M – $5M 7.8%61
21HILTON HEAD LANDSCAPESHilton Head Island, SCLandscaping Services $1M – $2.5M 8.3%60
22BECKER COMPLETE LLCWest Columbia, SCAll Other Specialty Trade Contractors $2.5M – $5M 7.9%60
23DEANOS OF HILTON HEAD LLCHilton Head Island, SCFull-Service Restaurants $500K – $1M 5.3%59
24MAESTRO’S BISTRO AND DINNER CLGreenville, SCFull-Service Restaurants $250K or less 7.3%54
25GRIFFIN CHOPHOUSE CHAPIN LLCChapin, SCFull-Service Restaurants $250K – $500K 7.5%52
26PALMETTO CHILDCARE CENTER LLCSummerville, SCChild Day Care Services $2.5M – $5M 6.3%52
27CHAPIN SPORTS BAR LLCChapin, SCDrinking Places (Alcoholic Beverages) $250K or less 8.3%51
28MONOLO ENTERPRISES LLCGreenwood, SCLimited-Service Restaurants $1M – $2.5M 5.3%50
29T.L.C HAIR LLCGreenville, SCBeauty Salons $500K – $1M 6.0%48
30EL POLLO GUAPOCharleston, SCLimited-Service Restaurants $1M – $2.5M 7.5%44
31KYNG ACQUISITION LLCColumbia, SCLimited-Service Restaurants $250K or less 7.0%43
32CLOSET FACTORY COLUMBIALexington, SCWood Kitchen Cabinet and Countertop Manufacturing $500K – $1M 5.6%42
33DIAMOND TRANSPORTATION SC LLCRidgeland, SCLimousine Service $1M – $2.5M 5.4%42
34THE PICKLE BAR REAL ESTATE CO.Summerville, SCFull-Service Restaurants $2.5M – $5M 6.5%42
35CWH GREENVILLE LLCGreenville, SCVeterinary Services $250K – $500K 4.8%41
36WEB ENDEAVORS INC.Florence, SCUsed Household and Office Goods Moving $250K or less 5.8%40
37VILLAGE MONTESSORI AND PREPARAFort Mill, SCChild Day Care Services $250K – $500K 6.8%40
38CAREGIVERS UNLIMITED LLCCharleston, SCServices for the Elderly and Persons with Disabilities $250K – $500K 5.5%40
39SL FIVEFORKS LLCGreenville, SCAll Other Amusement and Recreation Industries $500K – $1M 6.3%40
40IN HIS HONOR LLCRock Hill, SCHome Health Care Services $250K – $500K 5.0%39
41CARIBBEAN TASTE LLCFort Mill, SCFull-Service Restaurants $250K or less 7.5%38
42CREAM OF THE CROP CO OP LLCSpartanburg, SCAll Other Specialty Food Stores $1M – $2.5M 4.0%38
43C2J ENTERPRISES INC.Greenwood, SCOther Personal and Household Goods Repair and Maintenance $250K – $500K 5.3%36
44KSA 3 LLCAnderson, SCChild Day Care Services $500K – $1M 6.0%36
45CMS LANDSCAPE MANAGEMENT LLCRock Hill, SCLandscaping Services $1M – $2.5M 5.5%35
46KODIAK SOUTH LLCDuncan, SCAutomotive Body, Paint, and Interior Repair and Maintenance $250K – $500K 7.5%34
47FUTURE CLASSICS USA LLCCharleston, SCOther Miscellaneous Durable Goods Merchant Wholesalers $250K – $500K 5.0%34
48L CHAIM LLCLittle River, SCFull-Service Restaurants $1M – $2.5M 8.3%34
49FATHOM ENTERPRISE LLCLexington, SCSupermarkets and Other Grocery (except Convenience) Stores $250K or less 10.0%33
50GSPC LLCSpartanburg, SCTax Preparation Services $1M – $2.5M 8.5%33
51HEAT TREATING SERVICES UNLIMITSimpsonville, SCAll Other Professional, Scientific, and Technical Services $1M – $2.5M 4.8%33
52TRISON WELLS LLCWalterboro, SCPolish and Other Sanitation Good Manufacturing $500K – $1M 9.0%32
53DP’S BACKYARD LLCHilton Head Island, SCFull-Service Restaurants $250K – $500K 8.3%31
54DAYS INN ST. GEORGESaint George, SCHotels (except Casino Hotels) and Motels $2.5M – $5M 8.5%31
55BRYAN KELLER AND BARBARA KELLEColumbia, SCSnack and Nonalcoholic Beverage Bars $250K – $500K 5.0%30
56EUROPA PARTNERS LLCBeaufort, SCFull-Service Restaurants $500K – $1M 9.0%30
57POPPYSEED KITCHEN LLCFort Mill, SCFull-Service Restaurants $250K or less 6.3%29
58TEA COFFEE MANSION LLCElgin, SCLimited-Service Restaurants $250K – $500K 5.8%28
59MLN UNITED LLCGreenville, SCPainting and Wall Covering Contractors $250K – $500K 9.0%28
60BRIGHT OAK PRESCHOOL ACADEMYJohns Island, SCChild Day Care Services $500K – $1M 5.0%28
61PINNACLE LANDSCAPE & DESIGN LIrmo, SCLandscaping Services $250K – $500K 5.9%27
62THE DEALS GALORE II LLCWilliamston, SCSupermarkets and Other Grocery (except Convenience) Stores $250K – $500K 8.3%27
63SAUERLAND LOGISTICS INC.Spartanburg, SCCouriers $1M – $2.5M 7.8%27
64RED HEAD HOLDINGS LLCBeaufort, SCHardwood Veneer and Plywood Manufacturing $2.5M – $5M 6.8%27
65DUMPSTER PROS LLCLadson, SCOther Commercial and Industrial Machinery and Equipment Rental and Lea $500K – $1M 8.0%26
66JIVYANA LLCFlorence, SCFull-Service Restaurants $500K – $1M 9.8%26
67SERENITY KEEPERS HOME CARE LLCSumter, SCHome Health Care Services $250K or less 6.3%25
68COMPTON’S KITCHENWest Columbia, SCBaked Goods Stores $250K – $500K 6.8%25
69THE GODDARD SCHOOL OF FORT MILFort Mill, SCChild Day Care Services $1M – $2.5M 4.5%25
70TUTELAGE LLCFort Mill, SCChild Day Care Services $500K – $1M 5.5%23
71TRUE BLUE TOO – SC LLCLadson, SCLimited-Service Restaurants $2.5M – $5M 5.0%23
72WINDOWOVA LLCLexington, SCOther Services to Buildings and Dwellings $250K or less 9.0%22
73UPTOWN CHEAPSKATE OF GREENVILLGreenville, SC $250K – $500K 6.3%22
74BISHOPVILLE MANOR MANAGEMENT GBishopville, SCHomes for the Elderly $500K – $1M 8.3%22
75SOUTHERN FENCE OP LLCSeabrook, SCAll Other Specialty Trade Contractors $1M – $2.5M 5.8%22
76JON M. JULIANTravelers Rest, SCOther Activities Related to Real Estate $1M – $2.5M 4.2%22
77NATIONAL LANDSCAPE MANAGEMENTConway, SCLandscape Architectural Services $250K or less 6.0%21
78RS DEAN ENTERPRISES LLCAiken, SCFurniture Stores $1M – $2.5M 6.0%21
79GOLDEN TICKET MEALS CORPSpartanburg, SCLimited-Service Restaurants $250K or less 5.5%20
80BRIGHT MINDS LEARNING ACADEMYMauldin, SCChild Day Care Services $250K – $500K 4.0%20
81RESTORATIVE ARTS DENTAL LABORACharleston, SCMedical Laboratories $250K – $500K 6.0%20
82TAMASSEE HABANERO’S MEXICAN GRTamassee, SCFull-Service Restaurants $250K – $500K 6.0%20
83EL CANCUN MEXICAN RESTAURANTRock Hill, SCFull-Service Restaurants $500K – $1M 7.5%20
84AQUA POOL CARE LLCSeneca, SCAll Other Specialty Trade Contractors $500K – $1M 7.0%20
85WYOMING MACHINE LLCDuncan, SCRolling Mill and Other Metalworking Machinery Manufacturing $500K – $1M 9.5%20
86VACATION EQUIPMENT RENTALS INSurfside Beach, SC $500K – $1M 1.5%20
87KSA INSURANCE LLCNorth Charleston, SCInsurance Agencies and Brokerages $500K – $1M 6.7%20
88WOODCO INCPiedmont, SCWood Kitchen Cabinet and Countertop Manufacturing $1M – $2.5M 5.0%20
89GANGNAMSTYLE LLCGreenville, SCFull-Service Restaurants $2.5M – $5M 4.5%20
90ELITE SUPPORT AMERICAS LLCBluffton, SCFlight Training $250K or less 9.0%19
91THE ARCADIAN INVESTMENT GROUPMount Pleasant, SCNail Salons $500K – $1M 5.3%19
92GLOBAL EXECUTIVE GROUP LLCGreenville, SCDiagnostic Imaging Centers $1M – $2.5M 8.5%19
93RUDD HOME SERVICES PLUMBING HMoncks Corner, SCPlumbing, Heating, and Air-Conditioning Contractors $250K or less 6.8%18
94COTERIE CHS LLCCharleston, SCFull-Service Restaurants $250K or less 8.3%18
95PRECISION HORIZONTAL BORING LTaylors, SCAll Other Specialty Trade Contractors $250K – $500K 4.5%18
96DJM ENTERPRISES LLCFort Mill, SCBeauty Salons $500K – $1M 5.8%18
97SIMS HOLDCO LLCLexington, SCPlumbing, Heating, and Air-Conditioning Contractors $500K – $1M 9.0%18
98THE FLYING BISCUIT CAFE – COLUColumbia, SCLimited-Service Restaurants $500K – $1M 6.0%18
99CCCS INTERNATIONAL LLCNorth Charleston, SCCommercial and Institutional Building Construction $500K – $1M 5.8%18
100THE MILES AGENCY LLCColumbia, SCInsurance Agencies and Brokerages $500K – $1M 7.5%18

Note about SBA lenders near me in Arizona

When it comes to top South Carolina SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the South Carolina preferred lender list, 2) approved lenders in South Carolina, or 3) active participants in the South Carolina SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in South Carolina swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in South Carolina, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.