US Lender Metrics Get a Lender Match

SBA lenders in Raleigh, NC

SBA 7(a) and 504 loans to businesses in Raleigh (Wake County), October 2021 to June 30, 2026 · Updated October 15, 2026
534
SBA loans approved
$362.8M
Total approved
$304,750
Median loan
85
Lenders active
42%
To startups

534 SBA loans worth $362.8M went to businesses in Raleigh, NC between October 2021 and June 2026, from 85 lenders. Huntington National Bank made the most, 68 loans. The median loan was $304,750, compared with $311,750 across North Carolina, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Raleigh

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
68$24.4M$210,50069%
2Live Oak Banking
Bank · Wilmington, NC
37$38.7M$400,0005%
3Newtek Bank
Bank · Miami, FL
33$17.3M$125,00012%
4TowneBank
Bank · Portsmouth, VA
31$33.4M$644,70061%
5Northeast Bank
Bank · Portland, ME
29$4.2M$116,0007%
6Wells Fargo Bank
Bank · Sioux Falls, SD
27$6.3M$15,00081%
7Fidelity Bank
Bank · Fuquay Varina, NC
19$24.9M$616,00032%
8Business Expansion Funding
Certified development company · Charlotte, NC
19$21.9M$871,00011%
9Bank of Oak Ridge
Bank · Oak Ridge, NC
17$10.8M$346,00053%
10United Midwest Savings Bank
Bank · Degraff, OH
17$2.8M$150,00094%
11Readycap Lending
Non-bank lender · Berkeley Heights, NJ
16$3.6M$137,00019%
12North State Bank
Bank · Raleigh, NC
15$15.7M$873,00040%
13First Bank of the Lake
Bank · Osage Beach, MO
13$12.1M$465,00092%
14BayFirst National Bank
Bank · St. Petersburg, FL
13$1.5M$150,0000%
15First National Bank of Pennsylvania
Bank · Greenville, PA
10$14.4M$822,50040%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Raleigh. For 504 loans the lender shown is the certified development company.

What gets financed in Raleigh

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels75
14%
$465,000Huntington National Bank
Other services (repair, personal care)66
12%
$347,350Huntington National Bank
Construction59
11%
$315,000United Midwest Savings Bank
Professional and technical services55
10%
$305,500Live Oak Banking
Retail51
10%
$300,000TowneBank
Health care and social assistance48
9%
$335,500Huntington National Bank
Administrative and support services44
8%
$158,050Huntington National Bank
Arts, entertainment and recreation41
8%
$416,000TowneBank
Loan size mix
  • Under $150,00030%
  • $150,000 to $500,00035%
  • $500,000 to $2 million26%
  • $2 million and up9%
Compared with North Carolina
Median loan, Raleigh
$304,750
Median loan, North Carolina
$311,750
Startup share, Raleigh
42%
Startup share, North Carolina
40%
Share of state's SBA loans
7.4%

SBA loans per fiscal year in Raleigh

067133200FY14: 65 loansFY14FY15: 102 loansFY15FY16: 101 loansFY16FY17: 108 loansFY17FY18: 97 loansFY18FY19: 74 loansFY19FY20: 79 loansFY20FY21: 92 loansFY21FY22: 67 loansFY22FY23: 114 loansFY23FY24: 122 loansFY24FY25: 142 loansFY25142FY26 (Oct to Jun): 89 loansFY2689
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.