North State Bank
RALEIGH, NC 27609
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Fitness and Recreational Sports Centers
- Homes for the Elderly
- Snack and Nonalcoholic Beverage Bars
Quick Summary
North State Bank is an SBA-approved lender headquartered in RALEIGH, North Carolina. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 405 SBA 7(a) loans totaling $301.0M, with an average loan size of $743K. They serve businesses across 36 states.
About North State Bank
North State Bank is an SBA-approved lender headquartered in RALEIGH, North Carolina. Since 2020, they have approved 405 SBA 7(a) loans totaling $301.0M, with an average loan size of $743K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 36 states.
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Frequently Asked Questions
Is North State Bank an SBA Preferred Lender?
Yes, North State Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has North State Bank approved?
According to SBA FOIA public records, North State Bank has approved 405 SBA 7(a) loans totaling $301.0M since 2020. Their average loan size is $743K.
What states does North State Bank serve?
North State Bank serves businesses in 36 states: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, North Carolina, New Jersey, Nevada, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.
How do I apply for an SBA loan with North State Bank?
To apply for an SBA 7(a) loan with North State Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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