| $150,000–350,000 | ALSTON BRIDGES BARBECUE, INC. | SHELBY, NC | Bank OZK |
| $350,000–1 million | AMERICAN SAFETY UTILITY CORP | SHELBY, NC | PNC Bank, National Association |
| $350,000–1 million | ARCHWAY SERVICES INC | SHELBY, NC | Settlers Bank |
| $350,000–1 million | ASPHALT PAVING OF SHELBY, INC. | SHELBY, NC | Commercial Bank |
| $1–2 million | B & W FIBER GLASS, INC. | SHELBY, NC | JPMorgan Chase Bank, National Association |
| $350,000–1 million | BOOMERANG DESIGN P.A. | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | BRENTON L. YOUNG DDS AND PAULINE E CAHILL DDS, PA | SHELBY, NC | Affinity Bank, National Association |
| $150,000–350,000 | CARTER CHEVROLET INC. | SHELBY, NC | Bank OZK |
| $1–2 million | CASCO INTERNATIONAL, INC. | SHELBY, NC | First Bank |
| $350,000–1 million | CENTURY CARE OF SHELBY, INC. | SHELBY, NC | First Horizon Bank |
| $150,000–350,000 | CHILDREN'S HOMES OF CLEVELAND COUNTY | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | CLECO PRIMARY CARE NETWORK | SHELBY, NC | Bank OZK |
| $150,000–350,000 | CLEVELAND COUNTY AUTO BROKERS INC | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | CLEVELAND COUNTY FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION IN | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | CLEVELAND LUMBER COMPANY INC | SHELBY, NC | Truist Bank |
| $150,000–350,000 | CLEVELAND VOCATIONAL INDUSTRIES INC. | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | CLEVELAND YUTAKA CORPORATION | SHELBY, NC | Wells Fargo Bank, National Association |
| $150,000–350,000 | COLORED METAL PRODUCTS INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | DERMATOLOGY CENTER OF SHELBY P A | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | FIRST BAPTIST CHURCH OF SHELBY N.C. | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | LAFAYETTE CAFE | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | LIFE ENRICHMENT CENTER OF CLEVELAND COUNTY INC. | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | MACHINE BUILDERS AND DESIGN INC | SHELBY, NC | Bank of America, National Association |
| $350,000–1 million | MACO, INC. | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | MAFIC USA LLC | SHELBY, NC | Live Oak Banking Company |
| $150,000–350,000 | MODERN DENSIFYING INC | SHELBY, NC | Dogwood State Bank |
| $150,000–350,000 | NELON COLE MOISTURE AND WATER CONTROL, INC. | SHELBY, NC | Fifth Third Bank |
| $350,000–1 million | NELON-COLE TERMITE & PEST CONTROL L.L.C. | SHELBY, NC | Fifth Third Bank |
| $150,000–350,000 | PACKAGING SOLUTIONS, INC. | SHELBY, NC | Fifth Third Bank |
| $150,000–350,000 | PHARR TECHNOLOGIES COMPANY INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | PLEASANT CITY WOOD FIRED GRILLE INC | SHELBY, NC | Bank OZK |
| $150,000–350,000 | PREFERRED CHOICE HEALTHCARE INC | SHELBY, NC | Truist Bank |
| $150,000–350,000 | PRINTING & PACKAGING, INCORPORATED | SHELBY, NC | Pinnacle Bank |
| $150,000–350,000 | PUTNAM DISTRIBUTORS, INC | SHELBY, NC | Truist Bank |
| $150,000–350,000 | RAFTERS AND WALLS LLC | SHELBY, NC | Bank of America, National Association |
| $150,000–350,000 | RHNC, LLC | SHELBY, NC | TowneBank |
| $350,000–1 million | SAFETY TEST & EQUIPMENT COMPANY, INC. | SHELBY, NC | Fifth Third Bank |
| $350,000–1 million | SERVO SOUTH INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | SHELBY HEATING & AIR-CONDITIONING, INC. | SHELBY, NC | Bank OZK |
| $150,000–350,000 | SHELBY HOUSE, LLC | SHELBY, NC | CIBC Bank USA |
| $350,000–1 million | SHELBY MOTORS LLC | SHELBY, NC | Toyota Financial Savings Bank |
| $150,000–350,000 | SHELBY OPCO LLC | SHELBY, NC | CIBC Bank USA |
| $1–2 million | SHELBY PERSONNEL SERVICES UNLIMITED INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | SHELBY RADIOLOGICAL ASSOC PA | SHELBY, NC | The Fidelity Bank |
| $1–2 million | SOUTHCO INDUSTRIES INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | TWC INC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | TWO BROTHERS UTILITIES LLC | SHELBY, NC | The Fidelity Bank |
| $150,000–350,000 | WALKER WOODWORKING, INC. | SHELBY, NC | The Fidelity Bank |
| $350,000–1 million | WEBB CHEMICAL & PAPER CO., INC. | SHELBY, NC | Bank OZK |