Best SBA Lenders in Summerville, SC (2026)
2025 FOIA data: top lenders, rates & industries for Summerville SBA loans
SBA Loans in Summerville, South Carolina
Looking for an SBA loan in Summerville, South Carolina? Based on 2025 FOIA data, 43 SBA 7(a) loans were funded in Summerville totaling $18.8M, supporting an estimated 344 jobs. With 21 active lenders competing for business in the Summerville market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Summerville is $436K at an average rate of 9.96%. The top lender in Summerville is Peoples Bank, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all South Carolina SBA lenders for statewide rankings.
SBA Loans in Summerville by Business Type
Whether you’re starting a new business in Summerville, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 23% of SBA loans in Summerville (8 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 15% (7 loans) — if you’re looking to buy a business in Summerville, this is a proven use case for SBA financing. Existing businesses make up 30% and typically receive the most favorable terms.
Top SBA Lenders in Summerville, SC (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Summerville businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Peoples Bank | $4.8M | 1 | 8.5% |
| 2 | The Huntington National Bank | $3.2M | 11 | 9.18% |
| 3 | ServisFirst Bank | $2.3M | 1 | 8.5% |
| 4 | Newtek Bank, National Association | $1.4M | 4 | 10.62% |
| 5 | Citizens Bank | $862K | 2 | 10.25% |
| 6 | VelocitySBA, LLC | $748K | 1 | 10.25% |
| 7 | Northeast Bank | $725K | 7 | 10.96% |
| 8 | First Internet Bank of Indiana | $661K | 1 | 9.75% |
| 9 | First-Citizens Bank & Trust Company | $610K | 1 | 9% |
| 10 | PNC Bank, National Association | $500K | 1 | 6.9% |
The top lenders in Summerville have direct experience with local businesses and understand the Summerville 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 Summerville 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 Summerville
One 5-minute application. 21+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Summerville
These are the industries that received the most SBA 7(a) funding in Summerville 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 |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 1 | $4.8M |
| Other Personal Care Services | 1 | $2.3M |
| Pet Care (except Veterinary) Services | 4 | $1.3M |
| Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $1.1M |
| Limited-Service Restaurants | 3 | $998K |
| General Automotive Repair | 2 | $898K |
| Sporting and Recreational Goods and Supplies Merchant Wholesalers | 1 | $700K |
| Advertising Agencies | 1 | $661K |
| Drinking Places (Alcoholic Beverages) | 2 | $628K |
| Beauty Salons | 1 | $610K |
Lenders with experience funding your specific industry in Summerville 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 Summerville
Option 1: Apply directly to one of the top Summerville 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 Summerville-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
How many SBA loans were funded in Summerville in 2025?
Can I get an SBA loan to start a business in Summerville?
Who is the top SBA lender in Summerville?
What is the average SBA loan rate in Summerville?
Ready to Apply for an SBA Loan in Summerville?
50+ lenders competing for your deal. Better rates, faster closing. No fees.
Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
