Lender · SBA 7(a) record
Carolina Small Business Development Fund
NC · lends in 1 state · 206 SBA loans since 2010, 50 in the last five years.
How fast they approve. Carolina Small Business Development Fund made 0% of its recent 7(a) loans under Preferred Lender (PLP) authority and 0% through SBA Express; the remainder went through the SBA's general review. Ask whether your specific loan would be delegated or sent to the SBA. Why approval speed comes down to the lender.
What stands out about Carolina Small Business Development Fund
vs every other SBA lenderCarolina Small Business Development Fund is startup-heavy. 90% of its loans are startups, well above the norm — a good sign if that is your deal.
Regional, not national. 100% of Carolina Small Business Development Fund's recent SBA lending is in North Carolina. A borrower outside North Carolina is not its usual customer.
It leans into one industry. 25% of Carolina Small Business Development Fund's loans go to full-service restaurants — roughly 2× the share you would expect, so it clearly knows that business.
This read is built from 50 funded 7(a) loans over the last five fiscal years; outside its core states the sample thins out, so weigh the rest accordingly.
Will they talk to you?
loan sizes fundedThe spread of loan sizes tells you where this lender is comfortable. Ask for something far outside it and expect friction.
Do they fund businesses like yours?
last 5 yearsA lender who already knows your industry asks better questions and closes faster. One who doesn't will treat your file as an education.
Middle of the road on risk
2.74% charged off, close to the 2.11% across all SBA lending. Neither unusually tight nor unusually loose.
Their loans, year by year
cumulative % of dollars charged off| Approved | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2015 | 0.0 | 0.0 | 0.9 | 0.9 | 3.8 | 3.8 | 5.9 | 5.9 | 5.9 | 5.9 |
| 2016 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6 | 2.6 | 2.6 | 2.6 | · |
| 2017 | 0.0 | 0.0 | 1.4 | 1.4 | 2.9 | 2.9 | 2.9 | 2.9 | · | · |
| 2018 | 0.0 | 0.0 | 0.0 | 5.5 | 5.5 | 5.5 | 5.5 | · | · | · |
Each row is one year's lending. Read down a column to compare years at the same age — that is the only fair comparison, because losses take three to five years to appear and a fast-growing lender always looks clean on a raw average.
What this page cannot tell you
Federal records show what was approved, not how long it took, how the bank communicated, or whether your loan officer returned calls. Ask any lender directly: are you a preferred lender, how many deals like mine did you close last year, and who underwrites it.
Check your eligibility first → Decode what they say to you →
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Common questions
Does Carolina Small Business Development Fund make SBA startup and acquisition loans?
Yes — its recent SBA 7(a) record includes 37 startups. If your deal is one of these, it has funded that kind of loan many times before. See how it ranks for your exact deal.
What is the smallest SBA loan Carolina Small Business Development Fund will make?
Its practical minimum — the 5th percentile of what it has actually funded — is about $72,175, and the typical (median) Carolina Small Business Development Fund loan is $200,000. If your loan is well below its practical minimum, it is unlikely to be interested however strong your file.
What states does Carolina Small Business Development Fund lend in?
Most of Carolina Small Business Development Fund's recent SBA lending is concentrated in North Carolina. Compare lenders by state.