North State Bank
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by North State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 47 | $37.6M | $801K | 8.2% |
| 722513 | Limited-Service Restaurants | 41 | $23.0M | $562K | 7.1% |
| 623312 | Assisted Living Facilities for the Elderly | 33 | $30.4M | $921K | 5.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 32 | $79.2M | $2.5M | 5.6% |
| 713940 | Fitness and Recreational Sports Centers | 25 | $9.6M | $386K | 4.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $9.2M | $383K | 4.2% |
| 236118 | Residential Remodelers | 16 | $7.9M | $492K | 2.8% |
| 624410 | Child Care Services | 15 | $6.8M | $456K | 2.6% |
| 621310 | Offices of Chiropractors | 11 | $3.5M | $316K | 1.9% |
| 621210 | Offices of Dentists | 10 | $8.3M | $828K | 1.7% |
Geographic Distribution
SBA lending activity for North State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 173 | $138.0M | 30.1% |
| Florida (FL) | 82 | $68.5M | 14.3% |
| Georgia (GA) | 42 | $41.4M | 7.3% |
| South Carolina (SC) | 16 | $26.3M | 2.8% |
| Tennessee (TN) | 24 | $24.0M | 4.2% |
| Texas (TX) | 37 | $23.7M | 6.4% |
| Colorado (CO) | 11 | $15.6M | 1.9% |
| California (CA) | 26 | $14.9M | 4.5% |
| New York (NY) | 35 | $14.0M | 6.1% |
| Alabama (AL) | 5 | $10.2M | 0.9% |
| Washington (WA) | 11 | $10.0M | 1.9% |
| Virginia (VA) | 9 | $8.9M | 1.6% |
| Louisiana (LA) | 4 | $7.9M | 0.7% |
| Arizona (AZ) | 14 | $6.8M | 2.4% |
| Indiana (IN) | 7 | $6.4M | 1.2% |
| Wisconsin (WI) | 12 | $6.4M | 2.1% |
| Michigan (MI) | 7 | $6.0M | 1.2% |
| Missouri (MO) | 8 | $5.9M | 1.4% |
| West Virginia (WV) | 1 | $4.6M | 0.2% |
| Ohio (OH) | 3 | $4.4M | 0.5% |
| Kentucky (KY) | 3 | $3.9M | 0.5% |
| Oklahoma (OK) | 4 | $3.5M | 0.7% |
| Utah (UT) | 4 | $2.9M | 0.7% |
| Kansas (KS) | 1 | $2.4M | 0.2% |
| Massachusetts (MA) | 2 | $2.2M | 0.3% |
| New Jersey (NJ) | 6 | $1.8M | 1.0% |
| Idaho (ID) | 6 | $1.8M | 1.0% |
| Maryland (MD) | 2 | $1.4M | 0.3% |
| Nebraska (NE) | 2 | $1.3M | 0.3% |
| Connecticut (CT) | 5 | $1.3M | 0.9% |
| Nevada (NV) | 3 | $1.2M | 0.5% |
| Illinois (IL) | 1 | $858K | 0.2% |
| Hawaii (HI) | 1 | $630K | 0.2% |
| Minnesota (MN) | 2 | $465K | 0.3% |
| Pennsylvania (PA) | 1 | $426K | 0.2% |
| Maine (ME) | 1 | $362K | 0.2% |
| Delaware (DE) | 1 | $190K | 0.2% |
| Iowa (IA) | 1 | $189K | 0.2% |
| Oregon (OR) | 1 | $150K | 0.2% |
| Rhode Island (RI) | 1 | $150K | 0.2% |
Why Choose North State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 575 SBA loans approved, totaling $471.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Assisted Living Facilities for the Elderly
- ✓Competitive Terms: Average interest rate of 7.33% with flexible term lengths averaging 181 months
- ✓Loan Range: Loan sizes from $79K to $5.0M, with an average of $819K
- ✓Nationwide Reach: Active lending in 40 states, with strong presence in NC, FL, 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 North State Bank SBA lending
What types of businesses does North State Bank typically finance?
North State Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, assisted living facilities for the elderly, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North State Bank's typical SBA loan terms?
North State Bank's SBA 7(a) loans typically feature an average interest rate of 7.33% and average term length of 181 months (approximately 15 years). Loan sizes range from $79K to $5.0M, with an average loan size of $819K.
Do I need a business valuation for a North State Bank SBA loan?
Yes, North State Bank 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 North State Bank compare to other SBA lenders?
North State Bank has originated 575 SBA loans totaling $471.0M 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 North State Bank lend in?
North State Bank provides SBA 7(a) financing with particularly strong presence in NC, FL, GA, TX, NY. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.