What SBA's own loan files show about lending in the Rocky Mount, NC Metro Area, every asset class together, and what a feasibility study for a project there has to test.
Rocky Mount drew 107 SBA approvals across FY2017 to FY2026, worth $96.5 million gross. By loan count, Rocky Mount stands 453 of 928 among all areas. Rocky Mount loans center on $350,000, the median. $136,500 to $1.4 million spans the Rocky Mount middle half. Set beside the nation, Rocky Mount stands at 1.68x. Rocky Mount splits into 100 loans under 7(a) and 7 under 504. Rocky Mount shows a franchise share of 24.3%. Those 107 Rocky Mount loans carry $96.5 million.
Class by class, Rocky Mount shows hotel and motel (12) on top. 80 Rocky Mount loans sit in no tracked class. Most Rocky Mount credit is general business lending. By county, Rocky Mount loans concentrate in Nash County, NC (98) and Edgecombe County, NC (9).
These Rocky Mount tables show SBA's holders, not verdicts. Rocky Mount holders under 7(a) include Truist Bank with 9 loans ($3.5 million) and Leader Bank, National Association with 6 loans ($15.0 million). No Rocky Mount 504 lender meets the listing minimum. A Rocky Mount borrower reads these rows as context. The Rocky Mount rows are silent on holder terms.
Rocky Mount has too few approvals for a rate. Rocky Mount cancellations are withheld, not zero. No Rocky Mount charge-off rate prints. The Rocky Mount cohort is below the minimum. Read Rocky Mount as neither zero nor clean. Treat Rocky Mount rates as floors. Later events lift them, Rocky Mount included. In Rocky Mount, a county name places each loan. For Rocky Mount, the July 2023 list governs. Rocky Mount omits loans with no county match. Rocky Mount totals hold untracked-class loans too.
The Rocky Mount trend peaks in FY2025 with 22 loans ($23.8 million) and bottoms in FY2018 with 6 ($7.2 million). FY2017 opened the Rocky Mount series with 13 loans ($6.3 million). FY2026 closes the Rocky Mount series at 9 loans, $5.3 million. A Rocky Mount study weighs local demand against Nash County, NC competitors, not national patterns. The Rocky Mount median is $350,000. Set Rocky Mount budgets beside it; nationally it is 1.68x. Debt service in Rocky Mount is tested downside first. Rocky Mount lenders read the floors above. The Rocky Mount appraiser reads local comparables. The Rocky Mount study reconciles them to cost. Absorption near Nash County, NC is tested for Rocky Mount on a slow case. Beside Nash County, NC findings, the Rocky Mount study lists what it could not test.
| Loans approved, FY2017 to FY2026 | 107 |
|---|---|
| Gross dollars approved | $96.5 million |
| Median loan | $350,000 |
| Middle half of loans, from | $136,500 |
| Middle half of loans, to | $1.4 million |
| SBA 7(a) loans | 100 |
| SBA 504 loans | 7 |
| Franchise share of loans | 24.3% |
| Rank among metro and micro areas by loans | 453 of 928 |
| Median loan against the national median | 1.68x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | withheld |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA loans approved in the Rocky Mount, NC Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 13 | $6.3 million |
| FY2018 | 6 | $7.2 million |
| FY2019 | 10 | $8.0 million |
| FY2020 | 6 | $6.0 million |
| FY2021 | 12 | $14.3 million |
| FY2022 | 12 | $8.9 million |
| FY2023 | 6 | $5.3 million |
| FY2024 | 11 | $11.4 million |
| FY2025 | 22 | $23.8 million |
| FY2026 | 9 | $5.3 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 80 |
| Hotel and motel | 12 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Truist Bank | 9 | $3.5 million |
| Southern Bank and Trust Company | 7 | $937,800 |
| Leader Bank, National Association | 6 | $15.0 million |
| Live Oak Banking Company | 6 | $5.6 million |
| TowneBank | 6 | $5.0 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
| County | Loans |
|---|---|
| Nash County, NC | 98 |
| Edgecombe County, NC | 9 |
Counties with 5 or more loans; smaller ones are not listed.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-40580.
A worked example of the feasibility study a lender would read for a hotel project in North Carolina, financed with a conventional bank loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Rocky Mount, NC Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
Start with the data.
Contact Us