North State Bank: SBA Lending Profile
North State Bank is an FDIC-insured bank, headquartered in Raleigh, NC. It is active in 37 states, concentrated around NC, FL, GA. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes North State Bank actually approves
The median SBA approval at North State Bank is $530,000. The middle 80% of its loans fall between $225,200 and $1,414,700. The smallest funded approval in the available source window is $104,400 and the largest is $4,885,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 70 | $530K | 7.25% | 10 years |
| 504 first mortgage (third party) | 1 | $768K | n/a | 20 years |
Industries it funds most
| Industry | Funded loans in source data | Share |
|---|---|---|
| Limited-Service Restaurants | 32 | 10.3% |
| Full-Service Restaurants | 25 | 8% |
| Assisted Living Facilities for the Elderly | 15 | 4.8% |
| Fitness and Recreational Sports Centers | 11 | 3.5% |
| Child Day Care Services | 11 | 3.5% |
| Snack and Nonalcoholic Beverage Bars | 9 | 2.9% |
| Remediation Services | 7 | 2.2% |
| All Other Specialty Trade Contractors | 6 | 1.9% |
| Pet Care (except Veterinary) Services | 6 | 1.9% |
| Offices of Dentists | 5 | 1.6% |
| Offices of Chiropractors | 5 | 1.6% |
| Hotels (except Casino Hotels) and Motels | 4 | 1.3% |
How fast North State Bank actually funds
Approval is not money in the bank. Across 302 loans where both dates are on record, the typical gap between SBA approval and first disbursement at North State Bank is 29 days. Half its loans fund between 10 and 46 days. The typical SBA lender takes about 20 days, so this is roughly in line with the market.
Lending momentum
SBA approvals at North State Bank by fiscal year.
Funded approvals by SBA fiscal year (October to September). FY2026 is excluded because it is still in progress.
Borrower profile
- 52.9% of its funded SBA records with known business age went to startups or businesses under two years old, which is high, most SBA lenders skew heavily toward established companies.
- Collateral was taken on 99% of its recent SBA loans.
- 0% of its loans carry fixed rates; the rest are variable.
Smarter Business Funding
Find out what your business could qualify for
Answer six quick questions and get your business funding profile. We match it against real SBA lending records and follow up personally. No credit check, about 60 seconds.
Start your funding profile →Owner Experiences
Worked with North State Bank? Tell other owners.
Real experiences from business owners help others pick the right lender. Reviews are screened before publishing. We never pay for reviews, and lenders cannot pay to change or remove them.
Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Funding speed is the median gap between approval date and first disbursement date in SBA records. Some lenders report disbursement at month end, which can round the figure upward. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by North State Bank.