North State Bank
Headquartered in RALEIGH, NC. Analysis based on 405 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $301.0M.
Total 7(a) loans
405
Total approved
$301.0M
Average loan
$743K
States funded in
36
Charge-off rate
1.01%
FY2020–FY2023 cohort
Paid-in-full rate
20.81%
Average rate
7.47%
Average term
173 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 39 |
| 722513 | Limited-Service Restaurants | 35 |
| 713940 | Fitness and Recreational Sports Centers | 21 |
| 623312 | Homes for the Elderly | 16 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 14 |
| 624410 | Child Day Care Services | 13 |
| 621310 | Offices of Chiropractors | 9 |
| 812910 | Pet Care (except Veterinary) Services | 8 |
| 238990 | All Other Specialty Trade Contractors | 6 |
| 621210 | Offices of Dentists | 5 |
Top 10 states
| State | Loans |
|---|---|
| NC | 108 |
| FL | 52 |
| GA | 34 |
| TX | 27 |
| CA | 24 |
| NY | 21 |
| TN | 17 |
| AZ | 12 |
| WI | 11 |
| CO | 10 |
Top franchise brands financed
114 franchise loans across 66 distinct brands.
| Franchise | Loans |
|---|---|
| F45 Training | 10 |
| Servpro | 7 |
| The Learning Experience | 6 |
| Mayweather Boxing & Fitness | 4 |
| Tifa Chocolate & Gelato | 4 |
| Minuteman Press | 4 |
| The UPS Store (f/k/a Mail Box | 3 |
| Just Love Coffee Cafe | 3 |
| Firehouse Subs | 3 |
| Merry Maids | 3 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.