Top SBA Acquisition Lenders in South Carolina
40 active SBA 7(a) lenders in South Carolina, ranked by acquisition loan count.
Lenders
in South Carolina
Total Volume
Median Rate
Median Loan Size
Top Lenders in South Carolina
Lending by Industry in South Carolina
Covers the 61 of 118 South Carolina loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in South Carolina
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | GBank | 12 | $43.1M | P+1.00% | 0.6% |
| 2 | Live Oak Bank | 9 | $13.2M | P+1.50% | 0.8% |
| 3 | Countybank | 8 | $4.1M | P+2.75% | 0.0% |
| 4 | The Huntington National Bank | 7 | $10.7M | P+2.25% | 1.5% |
| 5 | United Community Bank | 6 | $9.3M | P+2.00% | 1.5% |
| 6 | First Internet Bank of Indiana | 5 | $4.0M | P+2.75% | 1.7% |
| 7 | Pinnacle Bank | 4 | $3.0M | P+2.25% | 1.9% |
| 8 | SouthState Bank, National Association | 4 | $4.0M | P+2.75% | 1.0% |
| 9 | First Business Bank | 3 | $1.1M | P+2.38% | 3.0% |
| 10 | VelocitySBA, LLC | 3 | $2.2M | P+3.00% | 2.4% |
| 11 | TowneBank | 3 | $2.8M | P+2.75% | 0.4% |
| 12 | First Bank | 3 | $2.1M | P+2.75% | 2.9% |
| 13 | Port 51 Lending LLC | 3 | $8.0M | P+2.75% | 0.0% |
| 14 | First Commonwealth Bank | 3 | $1.8M | P+2.50% | 0.9% |
| 15 | First Command Bank | 3 | $540K | P+0.00% | 0.0% |
| 16 | Dogwood State Bank | 3 | $2.8M | P+2.75% | 0.5% |
| 17 | First National Bank of Pennsylvania | 3 | $1.7M | P+2.00% | 1.2% |
| 18 | BayFirst National Bank | 3 | $728K | P+2.88% | 4.5% |
| 19 | Security Federal Bank | 2 | $504K | P+3.00% | 0.0% |
| 20 | First-Citizens Bank & Trust Company | 2 | $4.6M | P+2.00% | 2.5% |
| 21 | Citizens Bank | 2 | $917K | P+2.63% | 2.3% |
| 22 | North State Bank | 2 | $2.1M | P+2.38% | 0.0% |
| 23 | Mechanics and Farmers Bank | 2 | $1.0M | P+3.00% | 0.0% |
| 24 | Byline Bank | 2 | $5.2M | P+2.75% | 1.8% |
| 25 | Platinum Bank | 2 | $520K | P+2.75% | 0.0% |
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Customize your search →SBA 7(a) Lending in South Carolina
South Carolina has 40 active SBA 7(a) acquisition lenders that have originated a combined 118 loans totaling $157.4M in volume. The median acquisition loan size in South Carolina is $752K, with a median interest rate of Prime + 2.50% (Prime + spread).
When evaluating SBA lenders in South Carolina, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in South Carolina?
There are currently 40 active SBA 7(a) lenders in South Carolina based on FOIA lending data. These lenders have originated 118 acquisition loans.
What is the typical SBA loan rate in South Carolina?
The median SBA 7(a) acquisition loan rate in South Carolina is Prime + 2.50% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.