Citizens Bank Smoothie King SBA Loans in North Carolina — 5 Funded
North Carolina loan data 2016–2021 · Updated June 2026
Citizens Bank has funded 5 SBA loans to Smoothie King franchisees in North Carolina, totaling $1.7M in approved financing across 5 cities and 4 congressional districts.
The average Smoothie King loan in North Carolina from Citizens Bank is $342K at a 6.35% average interest rate, with terms averaging 123 months. The North Carolina default rate is 0% based on 2 resolved loans. North Carolina represents 12.5% of Citizens Bank's total Smoothie King lending nationally. These loans collectively support 65 North Carolina jobs. SBA-guaranteed portion totals $1.3M (75% of approved volume).
How North Carolina Compares to Citizens Bank's National Smoothie King Lending
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Citizens Bank is one of 6+ lenders who have funded Smoothie King in North Carolina. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Citizens Bank Smoothie King Loan Performance in North Carolina
Based on 5 SBA loans originated by Citizens Bank for Smoothie King franchisees with North Carolina addresses, the North Carolina-specific lending relationship spans 2016–2021. Of 2 resolved North Carolina loans, 2 were paid in full and 0 resulted in chargeoffs.
The North Carolina loan size range extends from $265K to $471K, indicating Citizens Bank funds both smaller single-unit Smoothie King operations and larger multi-unit or renovation projects in North Carolina. Each loan supports an average of 13 jobs in the local economy, and the portfolio collectively supports 65 North Carolina jobs. Most North Carolina Smoothie King loans from Citizens Bank are classified under "Limited-Service Restaurants" (NAICS).
Recent activity: Citizens Bank has originated 0 Smoothie King North Carolina loans in the last 2 fiscal years and 2 since fiscal year 2020. The most recent Smoothie King North Carolina approval recorded is from FY2022. Note: lack of recent activity may indicate Citizens Bank has paused, slowed, or exited Smoothie King North Carolina lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of Citizens Bank's Smoothie King North Carolina loans averages 75% of approved volume, totaling $1.3M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% North Carolina default rate is a strong indicator of loan quality. This suggestsCitizens Bank has effective underwriting standards for Smoothie King deals in North Carolina and/or North Carolina Smoothie King franchisees have strong unit economics that support debt service. For prospective North Carolina borrowers, this is an encouraging signal — Citizens Bankunderstands the Smoothie King business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Smoothie King Loans in North Carolina
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 5 | $342K | 6.35% | 123 mo |
Smoothie King Loan Size Distribution from Citizens Bank in North Carolina
How Citizens Bank's Smoothie King North Carolina loan sizes break down by deal size. Useful for sizing your own deal: where do most North Carolina Smoothie King approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of North Carolina Loans |
|---|---|---|---|
| $150K-$350K | 3 | $296K | 60% |
| $350K-$750K | 2 | $411K | 40% |
How Citizens Bank Originates Smoothie King Loans in North Carolina
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. Citizens Bank uses 2 different North Carolina delivery methods for Smoothie King:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Small Loan Advantage Initiative | 3 | $301K |
| Preferred Lenders Program | 2 | $402K |
Where in North Carolina Citizens Bank Funds Smoothie King Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Huntersville | 1 | $332K | $332K | N/A |
| Greensboro | 1 | $350K | $350K | 0% — Low Risk |
| Charlotte | 1 | $265K | $265K | N/A |
| Hickory | 1 | $290K | $290K | 0% — Low Risk |
| Harrisburg | 1 | $471K | $471K | N/A |
Citizens Bank's strongest Smoothie King lending presence in North Carolina is concentrated in Huntersville (1 loans), Greensboro (1 loans), Charlotte (1 loans).
Citizens Bank Smoothie King Lending in North Carolina Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2022 | 1 | $471K | $471K | 5.75% |
| 2020 | 1 | $332K | $332K | 7.25% |
| 2017 | 1 | $265K | $265K | 6.25% |
| 2016 | 2 | $320K | $640K | 6.25% |
Other Lenders That Fund Smoothie King in North Carolina
Citizens Bank is not the only lender funding Smoothie King in North Carolina. Compare 5 other banks who have originated Smoothie King SBA loans to North Carolina borrowers.
| Lender | North Carolina Loans | Avg Size | Default Rate |
|---|---|---|---|
| Citizens Bank (this page) | 5 | $342K | 0% — Low Risk |
| Ameris Bank | 3 | $244K | 66.7% — High Risk |
| Bank of America, National Association | 2 | $190K | 100% — High Risk |
| Community West Bank | 2 | $297K | 50% — High Risk |
| Georgia Banking Company | 2 | $224K | 0% — Low Risk |
| The Fidelity Bank | 2 | $150K | 0% — Low Risk |
Other Franchises Citizens Bank Funds in North Carolina
Citizens Bank is active in North Carolina franchise lending beyond Smoothie King. Other North Carolina franchise brands they have funded:
Citizens Bank Smoothie King Lending in Other States
Citizens Bank has also funded Smoothie King franchisees in 3 other states. View state-specific data:
How to Get an SBA Loan for a Smoothie King Franchise in North Carolina
If you're considering a Smoothie King franchise in North Carolina and want to finance through Citizens Bank or another SBA lender, here's what you need to know based on our analysis of 5 historical North Carolina loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Smoothie King's franchise fee and total investment determine minimum capital requirements.
Compare North Carolina Lenders
6 lenders have funded Smoothie King in North Carolina. Lenders with more local Smoothie King experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches North Carolina borrowers with lenders who have a proven track record funding Smoothie King in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on North Carolina historical data: The average Smoothie King SBA loan from Citizens Bank in North Carolina is $342K with a 6.35% interest rate and a 123-month term.North Carolina loan amounts range from $265K to $471K.
Ready to Fund Your Smoothie King Franchise in North Carolina?
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