# Small business loans in Summerville, SC

**Short answer:** The most active SBA lenders in Summerville, SC since FY2024 are The Huntington National Bank (18 loans) and TD Bank (9). The median loan was $300,000, and half fell between $69,500 and $530,950. 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/summerville/
Data as of: 2026-06-30

## Lenders making SBA loans in Summerville

No lender made more than 24% of the loans in Summerville, and The Huntington National Bank made the most. The three largest lenders together made 43%.

**Lenders with five or more SBA loans in Summerville, 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/) | 18 | 24.0% |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/south-carolina/) | 9 | 12.0% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 5 | 6.7% |

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

Summerville 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.

## Local help near Summerville

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

45% of Summerville 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 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 Summerville

Summerville ranks 6th by loans since FY2024 among the 10 South Carolina cities with 100 or more SBA loans since FY2020. Nationally it is the 323rd busiest of the 580 cities that reach 100 loans.

The 75 loans, 4.0% of the 1,878 in South Carolina, were approved for $37.6 million in all. The median loan was $300,000, 100% above the national median of $150,300. Half of the loans fell between $69,500 and $530,950. The Summerville median is 20% above the South Carolina median of $250,000.

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

| Measure | Summerville | South Carolina | U.S. |
| --- | --- | --- | --- |
| Loans | 75 | 1,878 | 162,355 |
| Median loan | $300,000 | $250,000 | $150,300 |
| 25th percentile | $69,500 | $75,000 | $50,000 |
| 75th percentile | $530,950 | $609,375 | $500,000 |
| Via SBA Express | 26.7% | 28.6% | 35.8% |
| Lines of credit | 26.7% | 25.2% | 28.1% |
| Startups | 29.3% | 21.4% | 16.1% |
| Ownership changes | 10.7% | 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. 26.7% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 26.7% of loans, close to the national 28.1%.

SBA loans in Summerville, SC by size, FY2024 to June 2026

- $50,000 or less (21%): 16
- $50,001 to $150,000 (21%): 16
- $150,001 to $350,000 (16%): 12
- $350,001 to $500,000 (15%): 11
- $500,001 to $1,000,000 (16%): 12
- $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.

By business age, 42.7% of loans went to businesses more than two years old and 16.0% to businesses two years old or younger. Startups received 29.3% and changes of ownership 10.7%. The national startup share is 16.1%.

SBA loans in Summerville, SC by fiscal year

- FY2020: 6
- FY2021: 14
- FY2022: 12
- FY2023: 16
- FY2024: 22
- FY2025: 34
- FY2026 (through June 30): 19

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

Volume rose 55% from FY2024 (22 loans) to FY2025 (34), the two latest full years. The busiest full year in the file was FY2025, with 34 loans. FY2026 already shows 19 loans through June 30.

Of the 32 loans Summerville borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 671 jobs supported across the 75 loans since FY2024, about 8.9 per loan. SBA does not audit these estimates.

## What businesses in Summerville borrow for

Pet Care (except Veterinary) Services was the largest borrower group in Summerville, with 7 loans or 9.3% of the total.

**Industries with the most SBA loans in Summerville, SC, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Pet Care (except Veterinary) Services](https://www.sbaexpress.loans/industries/pet-care-services/) | 7 | 9.3% | 0.9% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/south-carolina/) | 6 | 8.0% | 3.3% |

Share is the percent of all Summerville 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 Summerville

The median Summerville loan was $300,000 with a median term of 10 years.

The median variable-rate loan in Summerville was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $300,000 over 10 years, principal and interest would come to about $3,923 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $69,500 | $909 |
| Median loan | $300,000 | $3,923 |
| 75th percentile loan | $530,950 | $6,943 |

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 $300,000 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).

Summerville loans approved since FY2024 had a median starting rate of 10% 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 Summerville

Summerville has 10 SBA 504 loans since FY2020, with $12.3 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 Company (CDC) is named on five or more 504 loans in Summerville, so the list below is South Carolina's. Appalachian Development Corporation is named on the most there, 37 loans since FY2024.

**CDCs named on five or more 504 loans in South Carolina, FY2024 to June 2026**

| 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 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 Summerville

Summerville made up 4.0% of South Carolina's SBA loans since FY2024.

Summerville 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.

- [Mount Pleasant: 59 loans, median $303,500](https://www.sbaexpress.loans/south-carolina-small-business-loans/mount-pleasant/)
- [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/)
- [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 Summerville

### Which lenders make the most SBA loans in Summerville?

The Huntington National Bank leads with 18 loans in Summerville since FY2024. TD Bank (9) and Newtek Bank (5) follow. Only lenders with five or more Summerville loans are counted.

### Which industries get SBA loans in Summerville?

Pet Care (except Veterinary) Services leads with 7 loans in Summerville since FY2024. Limited-Service Restaurants (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)