SBA 7(a) lenders in Mcdowell, NC
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
24 institutions have SBA 7(a) loans on record in Mcdowell, together $17.6M across 48 loans. The Huntington National Bank is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | $3.3M | 18.6% | 0.00% |
| 2 | Wells Fargo Bank National Association | 8 | $2.1M | 11.7% | 58.88% |
| 3 | Shoreham Bank | 1 | $2.0M | 11.4% | 0.00% |
| 4 | GBank | 1 | $1.6M | 8.9% | 0.00% |
| 5 | Port 51 Lending LLC | 1 | $1.5M | 8.3% | 0.00% |
| 6 | Truist Bank | 3 | $1.3M | 7.6% | 15.50% |
| 7 | United Community Bank | 3 | $1.3M | 7.4% | 0.00% |
| 8 | Stearns Bank National Association | 1 | $800K | 4.5% | 0.00% |
| 9 | Mountain Bizcapital, Inc. | 3 | $595K | 3.4% | 0.00% |
| 10 | TowneBank | 2 | $573K | 3.3% | 0.00% |
| 11 | First Horizon Bank | 2 | $355K | 2.0% | 0.00% |
| 12 | Ameris Bank | 1 | $350K | 2.0% | 0.00% |
| 13 | BayFirst National Bank | 1 | $350K | 2.0% | 0.00% |
| 14 | Northeast Bank | 2 | $250K | 1.4% | 0.00% |
| 15 | Partner Community Capital | 1 | $241K | 1.4% | 0.00% |
| 16 | First Bank | 3 | $226K | 1.3% | 0.00% |
| 17 | Fifth Third Bank | 4 | $215K | 1.2% | 0.00% |
| 18 | Live Oak Banking Company | 1 | $200K | 1.1% | 0.00% |
| 19 | Bank of America, National Association | 2 | $160K | 0.9% | 0.00% |
| 20 | Independence Bank | 1 | $125K | 0.7% | 0.00% |
| 21 | First-Citizens Bank & Trust Company | 1 | $50K | 0.3% | 0.00% |
| 22 | Colony Bank | 1 | $50K | 0.3% | 0.00% |
| 23 | Self-Help Credit Union | 1 | $30K | 0.2% | 55.06% |
| 24 | First National Bank of Pennsylvania | 1 | $20K | 0.1% | 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 | Accommodation & food services | 9 | $5.0M | 28.4% |
| 2 | Retail trade | 8 | $3.9M | 22.3% |
| 3 | Manufacturing | 2 | $2.1M | 11.9% |
| 4 | Health care & social assistance | 1 | $1.5M | 8.3% |
| 5 | Manufacturing | 5 | $1.1M | 6.0% |
| 6 | Agriculture, forestry & fishing | 1 | $996K | 5.7% |
| 7 | Transportation & warehousing | 3 | $750K | 4.3% |
| 8 | Construction | 5 | $560K | 3.2% |
| 9 | Manufacturing | 2 | $511K | 2.9% |
| 10 | Finance & insurance | 3 | $375K | 2.1% |
| 11 | Other services | 3 | $363K | 2.1% |
| 12 | Retail trade | 2 | $255K | 1.4% |
| 13 | Administrative & waste services | 2 | $160K | 0.9% |
| 14 | Real estate & leasing | 1 | $45K | 0.3% |
| 15 | Wholesale trade | 1 | $25K | 0.1% |
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.