SouthState Bank, National Association
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by SouthState Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 880 | $608.2M | $691K | 5.3% |
| 722513 | Limited-Service Restaurants | 760 | $479.1M | $630K | 4.6% |
| 238990 | All Other Specialty Trade Contractors | 376 | $156.4M | $416K | 2.3% |
| 621310 | Offices of Chiropractors | 368 | $164.9M | $448K | 2.2% |
| 624410 | Child Day Care Services | 368 | $387.9M | $1.1M | 2.2% |
| 811111 | General Automotive Repair | 360 | $248.6M | $691K | 2.2% |
| 621210 | Offices of Dentists | 312 | $239.5M | $768K | 1.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 312 | $173.2M | $555K | 1.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 280 | $169.7M | $606K | 1.7% |
| 713940 | Fitness and Recreational Sports Centers | 256 | $149.7M | $585K | 1.5% |
Geographic Distribution
SBA lending activity for SouthState Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 4,856 | $2.97B | 29.2% |
| Texas (TX) | 2,584 | $1.79B | 15.6% |
| Colorado (CO) | 1,632 | $1.73B | 9.8% |
| Georgia (GA) | 2,440 | $1.71B | 14.7% |
| South Carolina (SC) | 1,168 | $684.7M | 7.0% |
| North Carolina (NC) | 1,152 | $514.4M | 6.9% |
| Alabama (AL) | 464 | $393.3M | 2.8% |
| Virginia (VA) | 600 | $293.5M | 3.6% |
| Massachusetts (MA) | 200 | $203.9M | 1.2% |
| Tennessee (TN) | 248 | $135.3M | 1.5% |
| Maryland (MD) | 224 | $100.3M | 1.3% |
| California (CA) | 104 | $76.2M | 0.6% |
| Connecticut (CT) | 32 | $69.7M | 0.2% |
| New York (NY) | 56 | $61.8M | 0.3% |
| Illinois (IL) | 96 | $57.5M | 0.6% |
| Louisiana (LA) | 72 | $57.4M | 0.4% |
| Kentucky (KY) | 88 | $46.8M | 0.5% |
| New Hampshire (NH) | 40 | $40.7M | 0.2% |
| Missouri (MO) | 64 | $36.3M | 0.4% |
| Kansas (KS) | 8 | $35.6M | 0.0% |
| Oklahoma (OK) | 56 | $29.8M | 0.3% |
| Ohio (OH) | 32 | $24.0M | 0.2% |
| Arizona (AZ) | 48 | $22.0M | 0.3% |
| Mississippi (MS) | 32 | $21.9M | 0.2% |
| Wisconsin (WI) | 16 | $20.0M | 0.1% |
| Pennsylvania (PA) | 24 | $19.8M | 0.1% |
| Indiana (IN) | 16 | $18.0M | 0.1% |
| New Jersey (NJ) | 24 | $15.2M | 0.1% |
| Rhode Island (RI) | 24 | $15.1M | 0.1% |
| Vermont (VT) | 24 | $13.2M | 0.1% |
| District of Columbia (DC) | 40 | $12.3M | 0.2% |
| Nevada (NV) | 16 | $11.0M | 0.1% |
| Utah (UT) | 24 | $9.2M | 0.1% |
| Maine (ME) | 16 | $9.0M | 0.1% |
| Wyoming (WY) | 16 | $8.3M | 0.1% |
| South Dakota (SD) | 8 | $7.9M | 0.0% |
| Michigan (MI) | 24 | $5.9M | 0.1% |
| Minnesota (MN) | 8 | $4.2M | 0.0% |
| Arkansas (AR) | 8 | $3.3M | 0.0% |
| West Virginia (WV) | 24 | $2.4M | 0.1% |
Why Choose SouthState Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16,608 SBA loans approved, totaling $11.27B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 8.26% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $1K to $5.0M, with an average of $679K
- ✓Nationwide Reach: Active lending in 40 states, with strong presence in FL, TX, GA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about SouthState Bank, National Association SBA lending
What types of businesses does SouthState Bank, National Association typically finance?
SouthState Bank, National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, all other specialty trade contractors, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SouthState Bank, National Association's typical SBA loan terms?
SouthState Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 8.26% and average term length of 150 months (approximately 13 years). Loan sizes range from $1K to $5.0M, with an average loan size of $679K.
Do I need a business valuation for a SouthState Bank, National Association SBA loan?
Yes, SouthState Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does SouthState Bank, National Association compare to other SBA lenders?
SouthState Bank, National Association has originated 16,608 SBA loans totaling $11.27B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does SouthState Bank, National Association lend in?
SouthState Bank, National Association provides SBA 7(a) financing with particularly strong presence in FL, TX, GA, CO, SC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Professional valuations are often required for SBA loans over $250,000.
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