BlogRankingStateBest South Carolina SBA Lenders & Rates of 2026

Best South Carolina SBA Lenders & Rates of 2026

$461.3M
Total Funded

827
Loans Approved

$558K
Avg Loan Size

10.23%
Avg Interest Rate

106
Active Lenders

SBA Loans in South Carolina

South Carolina businesses received $461.3M in SBA 7(a) loan approvals across 827 businesses in 2025. With 106 active SBA lenders competing for business in South Carolina, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in South Carolina is $558K, with rates averaging 10.23%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in South Carolina (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to South Carolina businesses:

Rank Lender Volume Loans Avg Rate
1 GBank $47.2M 13 8.54%
2 The Huntington National Bank $39.2M 85 9.37%
3 Live Oak Banking Company $31.7M 33 9.25%
4 Newtek Bank, National Association $20.8M 47 11.05%
5 First-Citizens Bank & Trust Company $19.9M 20 9.91%
6 TD Bank, National Association $17.9M 109 10.49%
7 Pinnacle Bank $13.9M 15 9.55%
8 Countybank $13.6M 20 9.66%
9 Northeast Bank $12.8M 86 10.95%
10 Harvest Small Business Finance, LLC $12.2M 9 10.28%
11 United Community Bank $9.4M 10 9.07%
12 Peoples Bank $8.1M 2 8.75%
13 United Midwest Savings Bank National Association $7.7M 22 10.09%
14 First Internet Bank of Indiana $7.7M 7 10.07%
15 Bank of Oak Ridge $7.6M 6 9.23%
16 Byline Bank $7.4M 6 10.50%
17 SouthState Bank, National Association $7.0M 14 9.91%
18 First Bank of the Lake $6.8M 10 10.22%
19 Readycap Lending, LLC $6.6M 35 12.35%
20 Dogwood State Bank $6.2M 7 9.89%

🤝 How to Get an SBA Loan in South Carolina

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across South Carolina and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with South Carolina SBA Lenders

Ready to apply for an SBA loan in South Carolina? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.