SBA lending data · fiscal year 2025
22 lenders funded limited-service restaurants in South Carolina last year
43 SBA 7(a) loans approved under NAICS 722513. Median approval $450,000, median term 120 months, median initial rate 10.25%.
What was actually approved
Half of all approvals in this industry and state fell between $180,500 and $698,000. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.
The most active lenders
Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.
- 1The Huntington National Bank8 loans · $2.9M
- 2SouthState Bank, National Association4 loans · $1.8M
- 3Newtek Bank, National Association3 loans · $3.1M
- 4Countybank3 loans · $1.3M
- 5Pinnacle Bank3 loans · $4M
- 6TD Bank, National Association3 loans · $0.7M
- 7Magnifi Financial CU2 loans · $0.9M
- 8TowneBank2 loans · $2.5M
- 9Business Development Corporation of South Carolina2 loans · $1.3M
- 10First-Citizens Bank & Trust Company1 loan · $0.8M
- 11Milestone Bank1 loan · $0.8M
- 12Readycap Lending, LLC1 loan · $0.1M
This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.
Is this industry getting easier or harder to finance?
| Fiscal year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 23 | 10 | $358,000 |
| FY2024 | 24 | 17 | $498,500 |
| FY2025 | 43 | 22 | $450,000 |
Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.
Where this comes from
The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.
This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.
Other industries in South Carolina
Limited-Service Restaurants in other states
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