Best SBA Lenders in North Charleston, SC (2026)
2025 FOIA data: top lenders, rates & industries for North Charleston SBA loans
SBA Loans in North Charleston, South Carolina
Looking for an SBA loan in North Charleston, South Carolina? Based on 2025 FOIA data, 41 SBA 7(a) loans were funded in North Charleston totaling $27.5M, supporting an estimated 460 jobs. With 23 active lenders competing for business in the North Charleston market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in North Charleston is $671K at an average rate of 10.49%. The top lender in North Charleston is TD Bank, National Association, with the most-funded industry being Fitness and Recreational Sports Centers. See all South Carolina SBA lenders for statewide rankings.
SBA Loans in North Charleston by Business Type
Whether you’re starting a new business in North Charleston, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 4% of SBA loans in North Charleston (3 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 20% (7 loans) — if you’re looking to buy a business in North Charleston, this is a proven use case for SBA financing. Existing businesses make up 45% and typically receive the most favorable terms.
Top SBA Lenders in North Charleston, SC (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to North Charleston businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | TD Bank, National Association | $6.6M | 7 | 10.58% |
| 2 | Pinnacle Bank | $4.1M | 1 | 9.5% |
| 3 | The Huntington National Bank | $3.0M | 3 | 8.91% |
| 4 | Harvest Small Business Finance, LLC | $2.7M | 3 | 10.17% |
| 5 | Readycap Lending, LLC | $1.9M | 2 | 11.88% |
| 6 | Cogent Bank | $1.5M | 2 | 9.5% |
| 7 | North State Bank | $1.0M | 1 | 9.75% |
| 8 | Milestone Bank | $796K | 1 | 10% |
| 9 | VelocitySBA, LLC | $748K | 1 | 10.25% |
| 10 | First-Citizens Bank & Trust Company | $550K | 1 | 10.5% |
The top lenders in North Charleston have direct experience with local businesses and understand the North Charleston market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in North Charleston and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in North Charleston
One 5-minute application. 23+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in North Charleston
These are the industries that received the most SBA 7(a) funding in North Charleston in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Fitness and Recreational Sports Centers | 3 | $6.2M |
| Car Washes | 1 | $5.0M |
| Tile and Terrazzo Contractors | 2 | $2.7M |
| General Freight Trucking, Local | 1 | $1.9M |
| Finish Carpentry Contractors | 2 | $1.8M |
| All Other Specialty Trade Contractors | 2 | $1.5M |
| Commercial and Institutional Building Construction | 2 | $1.3M |
| General Automotive Repair | 1 | $748K |
| Other Vegetable (except Potato) and Melon Farming | 1 | $670K |
| Cut Stone and Stone Product Manufacturing | 1 | $550K |
Lenders with experience funding your specific industry in North Charleston understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in North Charleston
Option 1: Apply directly to one of the top North Charleston lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple North Charleston-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
