North State Bank
SBA lender based in North Carolina serving 41 states and 54 industries
Is North State Bank the right SBA lender for your deal?
North State Bank has funded 563 SBA loans across 41 states and 54 industries. Their average loan size is $818K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile. PeerSense matches your deal against North State Bank and 897+ alternatives based on closing probability + pricing.
North State Bank is an SBA Preferred Lender (PLP), a designation the SBA grants to lenders with delegated authority to approve 7(a) loans in-house, which speeds underwriting and closing. North State Bank has funded 563 SBA 7(a) loans across 41 states, averaging $818K per loan. PLP status means the lender does not have to send each file to the SBA for review, a material edge on turnaround for qualified borrowers.
Top Lending States
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Book a CallWhy borrowers choose North State Bank
North State Bank is best suited for borrowers seeking larger institutional acquisitions, CRE, and equipment-heavy deals, with an average SBA loan of $818K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is North Carolina. With 563 SBA loans funded across 41 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 3.9% (resolved-loan basis). If your deal profile aligns with their underwriting box, this lender is worth a quote. PeerSense matches your specific deal against North State Bank and 897+ alternatives.
Recent SBA Activity at North State Bank
Franchise lending: North State Bank has funded SBA loans for multiple franchise concepts, with the highest volume in Servpro, F45 Training, and The Learning Experience. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.
Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Full-Service Restaurants, and Amusement & Recreation. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are North Carolina, Texas, Florida, South Carolina, and California. Lenders typically underwrite faster in states where they already have closing comps.
Compare North State Bank to Similar SBA Lenders
Other SBA lenders headquartered in North Carolina with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.
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About North State Bank SBA Lending
North State Bank is an SBA lender headquartered in North Carolina. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
North State Bank serves borrowers across 41 states and 54 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether North State Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.
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See Related Rates by Program
PeerSense covers the full commercial capital stack. Indicative levels that lenders in our network have been pricing across these programs, as of August 1, 2026.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive. Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
Foreign National
7.50–11.00%Non-US borrower CRE + bridge, no SSN required
Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.