Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for South Carolina.
In 2022 there were 93 SBA lenders that approved 639 SBA 7(a) loans for projects in South Carolina totaling $386,173,000. The average loan amount was $604,340. Borrowers from 120 cities were approved for projects in South Carolina for 224 industries. The SBA loan approvals in 2022 represent 7,872 jobs supported or saved in South Carolina.
There were 106 franchise branded businesses receiving 136 loan approvals for $106,366,700 with an average loan amount of $782,108.
Our forecast model projects $474 million in total South Carolina SBA 7(a) loan approval amounts in 2023 with $129 million to franchise businesses.
South Carolina Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
South Carolina Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
