SBA 7(a) lenders in Halifax, NC
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
20 institutions have SBA 7(a) loans on record in Halifax, together $40.6M across 43 loans. Live Oak Banking Company is the largest, with 18% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | $7.2M | 17.7% | 0.00% |
| 2 | Bank of Oak Ridge | 2 | $6.6M | 16.3% | 0.00% |
| 3 | GBank | 3 | $4.9M | 12.0% | 0.00% |
| 4 | Peoples Bank | 2 | $4.8M | 11.7% | 0.00% |
| 5 | First National Bank of Pennsylvania | 2 | $3.3M | 8.0% | 60.10% |
| 6 | BankUnited, National Association | 2 | $2.9M | 7.1% | 0.00% |
| 7 | First Federal Bank | 1 | $2.0M | 4.9% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 1 | $1.7M | 4.2% | 0.00% |
| 9 | The MINT National Bank | 1 | $1.5M | 3.8% | 0.00% |
| 10 | Truist Bank | 8 | $1.5M | 3.6% | 0.00% |
| 11 | Northeast Bank | 2 | $1.4M | 3.4% | 0.00% |
| 12 | The First Bank and Trust Company | 1 | $850K | 2.1% | 0.00% |
| 13 | Wells Fargo Bank National Association | 2 | $671K | 1.7% | 33.62% |
| 14 | The Fidelity Bank | 1 | $415K | 1.0% | 0.00% |
| 15 | Southern Bank and Trust Company | 3 | $299K | 0.7% | 0.00% |
| 16 | Grasshopper Bank National Association | 1 | $214K | 0.5% | 0.00% |
| 17 | BayFirst National Bank | 1 | $200K | 0.5% | 0.00% |
| 18 | Readycap Lending, LLC | 2 | $160K | 0.4% | 0.00% |
| 19 | Newtek Bank, National Association | 1 | $150K | 0.4% | 0.00% |
| 20 | VelocitySBA, LLC | 3 | $38K | 0.1% | 7.11% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 15 | $17.5M | 43.1% |
| 2 | Retail trade | 9 | $13.6M | 33.4% |
| 3 | Administrative & waste services | 2 | $3.0M | 7.3% |
| 4 | Retail trade | 2 | $1.5M | 3.7% |
| 5 | Other services | 2 | $1.2M | 2.9% |
| 6 | Manufacturing | 3 | $959K | 2.4% |
| 7 | Real estate & leasing | 1 | $850K | 2.1% |
| 8 | Educational services | 1 | $651K | 1.6% |
| 9 | Health care & social assistance | 3 | $636K | 1.6% |
| 10 | Professional & technical services | 1 | $338K | 0.8% |
| 11 | Construction | 2 | $308K | 0.8% |
| 12 | Wholesale trade | 1 | $125K | 0.3% |
| 13 | Manufacturing | 1 | $20K | 0.0% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.