SBA 7(a) lenders in Lenoir, NC
Approvals in SBA fiscal years 2009–2025. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Lenoir, together $33.5M across 45 loans. First Financial Bank is the largest, with 34% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Financial Bank | 9 | $11.3M | 33.7% | 0.00% |
| 2 | First Internet Bank of Indiana | 2 | $4.8M | 14.4% | 0.00% |
| 3 | Truliant FCU | 1 | $4.1M | 12.3% | 0.00% |
| 4 | Live Oak Banking Company | 4 | $3.4M | 10.3% | 0.00% |
| 5 | First Horizon Bank | 2 | $3.3M | 9.7% | 0.00% |
| 6 | PNC Bank, National Association | 5 | $1.8M | 5.3% | 5.61% |
| 7 | United Bank | 3 | $975K | 2.9% | 0.00% |
| 8 | Primary Bank | 2 | $750K | 2.2% | 0.00% |
| 9 | Truist Bank | 5 | $635K | 1.9% | 0.00% |
| 10 | TowneBank | 1 | $635K | 1.9% | 0.00% |
| 11 | Bank of Oak Ridge | 1 | $514K | 1.5% | 0.00% |
| 12 | The Bancorp Bank National Association | 1 | $511K | 1.5% | 0.00% |
| 13 | Wells Fargo Bank National Association | 5 | $393K | 1.2% | 1.27% |
| 14 | Southern Bank and Trust Company | 1 | $250K | 0.7% | 0.00% |
| 15 | Celtic Bank Corporation | 1 | $100K | 0.3% | 95.27% |
| 16 | Columbia Bank | 1 | $50K | 0.1% | 0.00% |
| 17 | VelocitySBA, LLC | 1 | $5K | 0.0% | 0.00% |
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 | Agriculture, forestry & fishing | 11 | $12.2M | 36.5% |
| 2 | Construction | 3 | $4.8M | 14.5% |
| 3 | Accommodation & food services | 2 | $4.2M | 12.6% |
| 4 | Professional & technical services | 8 | $3.8M | 11.2% |
| 5 | Manufacturing | 3 | $3.3M | 9.9% |
| 6 | Other services | 2 | $1.1M | 3.4% |
| 7 | Health care & social assistance | 2 | $798K | 2.4% |
| 8 | Educational services | 2 | $750K | 2.2% |
| 9 | Manufacturing | 2 | $705K | 2.1% |
| 10 | Arts, entertainment & recreation | 2 | $537K | 1.6% |
| 11 | Wholesale trade | 2 | $510K | 1.5% |
| 12 | Retail trade | 2 | $300K | 0.9% |
| 13 | Retail trade | 1 | $270K | 0.8% |
| 14 | Transportation & warehousing | 3 | $120K | 0.4% |
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.