# Small business loans in Mount Pleasant, SC

**Short answer:** The most active SBA lenders in Mount Pleasant, SC since FY2024 are The Huntington National Bank (14 loans) and SouthState Bank (6). The median loan was $303,500, and half fell between $125,000 and $548,500. For free help, see the South Carolina Small Business Development Centers. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/south-carolina-small-business-loans/mount-pleasant/
Data as of: 2026-06-30

## Lenders making SBA loans in Mount Pleasant

No lender made more than 24% of the loans in Mount Pleasant, and The Huntington National Bank made the most.

**Lenders with five or more SBA loans in Mount Pleasant, SC, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/south-carolina/) | 14 | 23.7% |
| [SouthState Bank](https://www.sbaexpress.loans/sba-express-lenders/southstate-bank/south-carolina/) | 6 | 10.2% |

Share is the percent of all Mount Pleasant loans in that period. Each name links to that lender's page for South Carolina where one exists.

Mount Pleasant has two lenders with five or more loans since FY2024. Others had fewer, and the South Carolina page counts 140 lenders with at least one approved loan statewide.

## Local help near Mount Pleasant

Mount Pleasant borrowers can start with SBA's district office for South Carolina, an SBDC or SCORE.

SBA has one district office for South Carolina. Its page points to state and federal resources and to lenders in the area. The South Carolina Small Business Development Centers gives free counseling across South Carolina.

- [SBA South Carolina District Office: SBA district office](https://www.sba.gov/district/south-carolina)
- [South Carolina Small Business Development Centers: Small Business Development Center](https://www.scsbdc.com/)
- [SCORE mentors in South Carolina: Business mentoring](https://www.score.org/sc/)

Alongside SBA loans, South Carolina runs a loan program. The [South Carolina page](https://www.sbaexpress.loans/south-carolina-small-business-loans/#loan-programs-in-south-carolina) describes it, and the official page is linked here.

- [SSBCI Loan Participation Program](https://scjeda.com/programs/state-small-business-credit-initiative-program/)

## Loan counts and sizes in Mount Pleasant

Mount Pleasant ranks 8th by loans since FY2024 among the 10 South Carolina cities with 100 or more SBA loans since FY2020. Nationally it is the 464th busiest of the 580 cities that reach 100 loans.

The 59 loans, 3.1% of the 1,878 in South Carolina, were approved for $27.4 million in all. The median loan was $303,500, 2.0 times the national median of $150,300. Half of the loans fell between $125,000 and $548,500. The Mount Pleasant median is 21% above the South Carolina median of $250,000.

**Mount Pleasant, SC compared with South Carolina and the nation, loans from FY2024 to June 2026**

| Measure | Mount Pleasant | South Carolina | U.S. |
| --- | --- | --- | --- |
| Loans | 59 | 1,878 | 162,355 |
| Median loan | $303,500 | $250,000 | $150,300 |
| 25th percentile | $125,000 | $75,000 | $50,000 |
| 75th percentile | $548,500 | $609,375 | $500,000 |
| Via SBA Express | 20.3% | 28.6% | 35.8% |
| Lines of credit | 15.3% | 25.2% | 28.1% |
| Startups | 40.7% | 21.4% | 16.1% |
| Ownership changes | 10.2% | 13.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 3.6% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

73% of the loans were $500,000 or less, the size SBA Express covers. 20.3% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 15.3% of loans, below the national 28.1%.

SBA loans in Mount Pleasant, SC by size, FY2024 to June 2026

- $50,000 or less (17%): 10
- $50,001 to $150,000 (19%): 11
- $150,001 to $350,000 (22%): 13
- $350,001 to $500,000 (15%): 9
- $500,001 to $1,000,000 (19%): 11
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Mount Pleasant, SC by fiscal year

- FY2020: 14
- FY2021: 22
- FY2022: 23
- FY2023: 19
- FY2024: 32
- FY2025: 21
- FY2026 (through June 30): 6

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 34% from FY2024 (32 loans) to FY2025 (21), the two latest full years. The busiest full year in the file was FY2024, with 32 loans. FY2026 already shows 6 loans through June 30.

Of the 59 loans Mount Pleasant borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 578 jobs supported across the 59 loans since FY2024, about 9.8 per loan. SBA does not audit these estimates.

## What businesses in Mount Pleasant borrow for

Limited-Service Restaurants was the largest borrower group in Mount Pleasant since FY2020, with 7 loans or 5.1% of the total.

**Industries with the most SBA loans in Mount Pleasant, SC, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/south-carolina/) | 7 | 5.1% | 3.3% |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/) | 6 | 4.4% | 2.1% |

Share is the percent of all Mount Pleasant loans in that period. Industry is the NAICS code on each loan. A name links to the South Carolina page for that industry where one exists.

## A typical loan payment in Mount Pleasant

The median Mount Pleasant loan was $303,500 with a median term of 10 years.

The median variable-rate loan in Mount Pleasant was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $303,500 over 10 years, principal and interest would come to about $3,969 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Mount Pleasant loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $125,000 | $1,635 |
| Median loan | $303,500 | $3,969 |
| 75th percentile loan | $548,500 | $7,173 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $303,500 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Mount Pleasant loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $300,000 loan](https://www.sbaexpress.loans/loan-amounts/300000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Mount Pleasant

Mount Pleasant has 9 SBA 504 loans since FY2020, with $12.0 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

Provident Business Financial Services, Inc. is the one Certified Development Company (CDC) named on five or more loans, 5 since FY2020.

**CDCs named on five or more 504 loans in Mount Pleasant, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Provident Business Financial Services, Inc. | 5 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## South Carolina cities near Mount Pleasant

Mount Pleasant made up 3.1% of South Carolina's SBA loans since FY2024.

Mount Pleasant is one of 10 South Carolina cities with 100 or more SBA loans since FY2020. The [South Carolina page](https://www.sbaexpress.loans/south-carolina-small-business-loans/) covers all 1,878 loans in South Carolina. The closest come first, ranked by county and ZIP code on their loans.

- [North Charleston: 66 loans, median $349,550](https://www.sbaexpress.loans/south-carolina-small-business-loans/north-charleston/)
- [Charleston: 131 loans, median $300,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/charleston/)
- [Summerville: 75 loans, median $300,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/summerville/)
- [Myrtle Beach: 93 loans, median $300,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/myrtle-beach/)
- [Spartanburg: 49 loans, median $385,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/spartanburg/)
- [Greenville: 159 loans, median $247,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/greenville/)
- [Columbia: 123 loans, median $275,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/columbia/)
- [Fort Mill: 81 loans, median $250,000](https://www.sbaexpress.loans/south-carolina-small-business-loans/fort-mill/)

## Common questions about SBA loans in Mount Pleasant

### Which lenders make the most SBA loans in Mount Pleasant?

The Huntington National Bank leads with 14 loans in Mount Pleasant since FY2024. SouthState Bank (6) follows. Only lenders with five or more Mount Pleasant loans are counted.

### Which industries get SBA loans in Mount Pleasant?

Limited-Service Restaurants leads with 7 loans in Mount Pleasant since FY2020. Fitness and Recreational Sports Centers (6) follows.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA South Carolina District Office](https://www.sba.gov/district/south-carolina)
- [South Carolina Small Business Development Centers](https://www.scsbdc.com/)
- [SCORE, South Carolina](https://www.score.org/sc/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)