Bank · Raleigh, NC
North State Bank
Made 38 SBA 7(a) change-of-ownership loans totaling $34.6M in FY2024 to FY2026: #89 of 1,054 lenders by loans and #115 by dollars. Lends in 15 states. Part of North State Bcorp.
#89by loans, FY24–26
38loans
$34.6Mapproved
$806Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 16 | $13.4M | $932K | 0.3% |
| FY2025 | 12 | $10.4M | $507K | 0.2% |
| FY2026 | 10 | $10.8M | $945K | 0.1% |
Loan size
Deal size mix
34% of its loans were $1M or more.
- Under $350K5 loans · 13% · $1.6M
- $350K to $1M20 loans · 53% · $13.2M
- $1M to $2M11 loans · 29% · $13.3M
- $2M to $5M2 loans · 5% · $6.5M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Other Services | 6 | $4.3M |
| Retail Trade | 5 | $8.2M |
| Manufacturing | 5 | $4.2M |
| Accommodation & Food Services | 5 | $3.8M |
| Construction | 4 | $3.8M |
| Administrative & Support, Waste Mgmt | 4 | $3.0M |
| Health Care & Social Assistance | 3 | $1.2M |
| Wholesale Trade | 2 | $2.2M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Florida | 14 | $11.0M |
| North Carolina | 6 | $7.5M |
| Washington | 3 | $2.0M |
| Ohio | 2 | $1.6M |
| Texas | 2 | $1.5M |
| California | 2 | $871K |
| Georgia | 1 | $992K |
| Missouri | 1 | $3.2M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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