Small business loans in Rock Hill, SC
Short answer
The most active SBA lenders in Rock Hill, SC since FY2024 are The Huntington National Bank (9 loans) and Live Oak Banking Company (5). The median loan was $308,000, and half fell between $50,000 and $1,030,000. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 56
- approved since FY2024
- $44.3M
- median loan
- $308,000
- through SBA Express
- 25.0%
Lenders making SBA loans in Rock Hill
No lender made more than 16% of the loans in Rock Hill, and The Huntington National Bank made the most. The three largest lenders together made 34%.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 9 | 16.1% |
| Live Oak Banking Company | 5 | 8.9% |
| TD Bank | 5 | 8.9% |
Share is the percent of all Rock Hill loans in that period. Each name links to that lender's page for South Carolina where one exists.
Rock Hill has three 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.
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Local help near Rock Hill
Rock Hill borrowers can start with SBA's district office for South Carolina, an SBDC or SCORE.
41% of Rock Hill borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
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 OfficeSBA district office
- South Carolina Small Business Development CentersSmall Business Development Center
- SCORE mentors in South CarolinaBusiness mentoring
Alongside SBA loans, South Carolina runs a loan program. The South Carolina page describes it, and the official page is linked here.
Loan counts and sizes in Rock Hill
Rock Hill ranks 9th by loans since FY2024 among the 10 South Carolina cities with 100 or more SBA loans since FY2020. Nationally it is the 489th busiest of the 580 cities that reach 100 loans.
The 56 loans, 3.0% of the 1,878 in South Carolina, were approved for $44.3 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $308,000, 2.0 times the national median of $150,300. Half of the loans fell between $50,000 and $1,030,000. The Rock Hill median is 23% above the South Carolina median of $250,000.
| Measure | Rock Hill | South Carolina | U.S. |
|---|---|---|---|
| Loans | 56 | 1,878 | 162,355 |
| Median loan | $308,000 | $250,000 | $150,300 |
| 25th percentile | $50,000 | $75,000 | $50,000 |
| 75th percentile | $1,030,000 | $609,375 | $500,000 |
| Via SBA Express | 25.0% | 28.6% | 35.8% |
| Lines of credit | 19.6% | 25.2% | 28.1% |
| Startups | 26.8% | 21.4% | 16.1% |
| Ownership changes | 12.5% | 13.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 0.0% | 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.
25.0% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 19.6% of loans, below the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 46.4% of loans went to businesses more than two years old and 14.3% to businesses two years old or younger. Startups received 26.8% and changes of ownership 12.5%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 121% from FY2024 (14 loans) to FY2025 (31), the two latest full years. The busiest full year in the file was FY2025, with 31 loans. FY2026 already shows 11 loans through June 30.
Of the 42 loans Rock Hill borrowers received in FY2020 to FY2022, 0.0% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 778 jobs supported across the 56 loans since FY2024, about 13.9 per loan. SBA does not audit these estimates.
What businesses in Rock Hill borrow for
Full-Service Restaurants was the largest borrower group in Rock Hill since FY2020, with 8 loans or 7.1% of the total.
The four largest industries made up 23% of all Rock Hill loans since FY2020.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 8 | 7.1% | 4.6% |
| Hotels (except Casino Hotels) and Motels | 7 | 6.2% | 1.1% |
| Snack and Nonalcoholic Beverage Bars | 6 | 5.4% | 1.6% |
| Limited-Service Restaurants | 5 | 4.5% | 3.3% |
Share is the percent of all Rock Hill 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 Rock Hill
The median Rock Hill loan was $308,000 with a median term of 10 years.
The median variable-rate loan in Rock Hill was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $308,000 over 10 years, principal and interest would come to about $4,028 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $654 |
| Median loan | $308,000 | $4,028 |
| 75th percentile loan | $1,030,000 | $13,469 |
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 $308,000 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).
Rock Hill loans approved since FY2024 had a median starting rate of 10.12% 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 and SBA Express payment calculator.
SBA 504 loans near Rock Hill
Rock Hill has 5 SBA 504 loans since FY2020, with $4.8 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.
No Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) is named on five or more 504 loans in Rock Hill, so the list below is South Carolina's. Appalachian Development Corporation is named on the most there, 37 loans since FY2024.
| Certified Development Company | 504 loans |
|---|---|
| Appalachian Development Corporation | 37 |
| Provident Business Financial Services, Inc. | 33 |
| Certified Development Corporation of South Carolina | 16 |
| Catawba Regional Development Corporation | 9 |
| CSRA Local Development Corporation | 8 |
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 capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
South Carolina cities near Rock Hill
Rock Hill made up 3.0% of South Carolina's SBA loans since FY2024.
Rock Hill is one of 10 South Carolina cities with 100 or more SBA loans since FY2020. The South Carolina page covers all 1,878 loans in South Carolina. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Rock Hill
Which lenders make the most SBA loans in Rock Hill?
The Huntington National Bank leads with 9 loans in Rock Hill since FY2024. Live Oak Banking Company (5) and TD Bank (5) follow. Only lenders with five or more Rock Hill loans are counted.
Which industries get SBA loans in Rock Hill?
Full-Service Restaurants leads with 8 loans in Rock Hill since FY2020. Hotels (except Casino Hotels) and Motels (7) and Snack and Nonalcoholic Beverage Bars (6) follow.
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.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA South Carolina District Office
- South Carolina Small Business Development Centers
- SCORE, South Carolina
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Rock Hill, SC. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/south-carolina-small-business-loans/rock-hill/
Ask lending partners about a loan in Rock Hill
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.