SBA 7(a) lenders in Person, NC
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Person, together $17.6M across 41 loans. TowneBank is the largest, with 22% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | TowneBank | 2 | $3.9M | 22.0% | 0.00% |
| 2 | First National Bank of Pennsylvania | 2 | $3.5M | 20.0% | 0.00% |
| 3 | Live Oak Banking Company | 7 | $2.7M | 15.5% | 0.00% |
| 4 | Ameris Bank | 1 | $1.1M | 6.1% | 0.00% |
| 5 | Greater Nevada CU | 1 | $913K | 5.2% | 0.00% |
| 6 | Celtic Bank Corporation | 1 | $890K | 5.1% | 0.00% |
| 7 | Wells Fargo Bank National Association | 5 | $833K | 4.7% | 0.00% |
| 8 | Columbia Bank | 1 | $738K | 4.2% | 0.00% |
| 9 | Harvest Small Business Finance, LLC | 1 | $638K | 3.6% | 0.00% |
| 10 | Northeast Bank | 4 | $563K | 3.2% | 0.00% |
| 11 | BayFirst National Bank | 4 | $532K | 3.0% | 0.00% |
| 12 | Truist Bank | 5 | $470K | 2.7% | 0.00% |
| 13 | Readycap Lending, LLC | 2 | $400K | 2.3% | 0.00% |
| 14 | Carolina Small Business Development Fund | 2 | $203K | 1.2% | 26.55% |
| 15 | The Huntington National Bank | 1 | $200K | 1.1% | 0.00% |
| 16 | Coastal Federal Credit Union | 1 | $10K | 0.1% | 0.00% |
| 17 | VelocitySBA, LLC | 1 | $8K | 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 | Accommodation & food services | 9 | $5.1M | 28.7% |
| 2 | Real estate & leasing | 2 | $3.5M | 20.0% |
| 3 | Professional & technical services | 10 | $3.1M | 17.4% |
| 4 | Retail trade | 5 | $2.3M | 12.8% |
| 5 | Manufacturing | 1 | $1.1M | 6.1% |
| 6 | Agriculture, forestry & fishing | 1 | $913K | 5.2% |
| 7 | Construction | 5 | $729K | 4.1% |
| 8 | Wholesale trade | 1 | $500K | 2.8% |
| 9 | Retail trade | 1 | $350K | 2.0% |
| 10 | Transportation & warehousing | 2 | $83K | 0.5% |
| 11 | Administrative & waste services | 2 | $37K | 0.2% |
| 12 | Manufacturing | 1 | $10K | 0.1% |
| 13 | Arts, entertainment & recreation | 1 | $10K | 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.