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Full-service commercial bank offering checking, savings, lending, credit cards, wealth management, business banking, and treasury services. Founded in 1908, it is the second oldest minority-owned bank in the United States and the only North Carolina bank with CDFI designation. Locally led and not controlled by major institutions.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of March 31, 2026
Median
$353K
Average
$636K
Sweet Spot
$0-$500K
Industries with highest loan volume
Insurance Agencies and Brokerages
3
loans
$996K
avg. amount
Insurance Agencies and Brokerages
3
loans
$996K
avg
Snack and Nonalcoholic Beverage Bars
3
loans
$253K
avg. amount
Snack and Nonalcoholic Beverage Bars
3
loans
$253K
avg
Limited-Service Restaurants
2
loans
$330K
avg. amount
Limited-Service Restaurants
2
loans
$330K
avg
General Automotive Repair
2
loans
$387K
avg. amount
General Automotive Repair
2
loans
$387K
avg
Sign Manufacturing
1
loans
$800K
avg. amount
Sign Manufacturing
1
loans
$800K
avg
Janitorial Services
1
loans
$194K
avg. amount
Janitorial Services
1
loans
$194K
avg
Pet Care (except Veterinary) Services
1
loans
$471K
avg. amount
Pet Care (except Veterinary) Services
1
loans
$471K
avg
Fine Arts Schools
1
loans
$204K
avg. amount
Fine Arts Schools
1
loans
$204K
avg
Convention and Trade Show Organizers
1
loans
$172K
avg. amount
Convention and Trade Show Organizers
1
loans
$172K
avg
Baked Goods Retailers
1
loans
$353K
avg. amount
Baked Goods Retailers
1
loans
$353K
avg
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.96% |
| $500K-$1M | Prime + 2.75% |
| $1M-$2M | Prime + 2.38% |
| $3M-$4M | Prime + 2.00% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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