SBA 7(a) lenders in Polk, 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 Polk, together $16.6M across 41 loans. First National Bank of Pennsylvania is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First National Bank of Pennsylvania | 1 | $3.1M | 18.9% | 0.00% |
| 2 | Pinnacle Bank | 1 | $2.3M | 14.0% | 0.00% |
| 3 | SouthState Bank, National Association | 1 | $2.2M | 13.3% | 0.00% |
| 4 | First-Citizens Bank & Trust Company | 4 | $1.3M | 8.1% | 0.00% |
| 5 | IncredibleBank | 1 | $1.2M | 7.2% | 0.00% |
| 6 | HomeTrust Bank | 2 | $1.1M | 6.5% | 0.00% |
| 7 | United Community Bank | 2 | $989K | 6.0% | 0.00% |
| 8 | Citizens Bank, National Association | 1 | $968K | 5.8% | 0.00% |
| 9 | First Internet Bank of Indiana | 2 | $810K | 4.9% | 0.00% |
| 10 | Wells Fargo Bank National Association | 3 | $634K | 3.8% | 0.00% |
| 11 | TD Bank, National Association | 8 | $573K | 3.5% | 0.00% |
| 12 | Truliant FCU | 2 | $351K | 2.1% | 39.65% |
| 13 | Celtic Bank Corporation | 3 | $340K | 2.0% | 0.00% |
| 14 | Mountain Bizcapital, Inc. | 2 | $215K | 1.3% | 0.00% |
| 15 | Carolina Small Business Development Fund | 2 | $185K | 1.1% | 0.00% |
| 16 | Northeast Bank | 1 | $150K | 0.9% | 48.96% |
| 17 | Truist Bank | 2 | $52K | 0.3% | 0.00% |
| 18 | SoFi Bank, National Association | 1 | $20K | 0.1% | 0.00% |
| 19 | Bank of America, National Association | 1 | $20K | 0.1% | 0.00% |
| 20 | 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 | Manufacturing | 1 | $3.1M | 18.9% |
| 2 | Accommodation & food services | 5 | $2.9M | 17.6% |
| 3 | Wholesale trade | 4 | $2.8M | 16.9% |
| 4 | Health care & social assistance | 2 | $1.6M | 9.9% |
| 5 | Construction | 7 | $1.5M | 8.8% |
| 6 | Retail trade | 6 | $1.4M | 8.4% |
| 7 | Other services | 4 | $1.4M | 8.2% |
| 8 | Manufacturing | 2 | $975K | 5.9% |
| 9 | Professional & technical services | 2 | $351K | 2.1% |
| 10 | Finance & insurance | 1 | $265K | 1.6% |
| 11 | Manufacturing | 4 | $210K | 1.3% |
| 12 | Agriculture, forestry & fishing | 2 | $52K | 0.3% |
| 13 | Retail trade | 1 | $30K | 0.2% |
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.