North State Bank

Raleigh, NC7(a) lenderTop sector: Limited-Service Restaurants

Is this my lender?

Loans approved

446

FY2016–FY2026

Dollars approved

$373.2M

$182.5M since FY2021

Average loan

$837K

$770K recently

Charge-off rate

0.5%

by dollars · 1.8% by count

Approvals over time

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What they lend against

Limited-Service Restaurants35 Hotels (except Casino Hotels) and Motels31 Assisted Living Facilities for the Elderly31 Full-Service Restaurants31 Fitness and Recreational Sports Centers15 Snack and Nonalcoholic Beverage Bars14

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

North Carolina132 · 30%Florida75 · 17%Georgia35 · 8%New York26 · 6%Texas25 · 6%Tennessee22 · 5%California22 · 5%South Carolina14 · 3%

Share is of this lender’s entire book, so the 8 states shown need not sum to 100%. Together they account for 79% of its lending.

At a glance

Rank by recent volume#188 of 2321

First approvalFY2016

Latest approvalFY2026

States lent into8+

What they charge

Typical pricingPrime + 2.50

Median rate 10.50%Fixed 0%106 loans

Median initial rate on this lender's 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is about what the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

Program mix

7(a) · 100% (446)504 · 0% (0)

Split by loan count.

7(a) $373.2M504 $0

Loss rate in context

This lender0.5%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 1.8%; the two measures diverge when a book is weighted toward small loans.

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