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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
stable
As Of March 31, 2026
Median
$430K
Average
$660K
Sweet Spot
$0-$500K
Industries with highest loan volume
Insurance Agencies and Brokerages
4
loans
$989K
avg. amount
Insurance Agencies and Brokerages
Loans
4
Avg. Amount
$989K
General Automotive Repair
3
loans
$425K
avg. amount
General Automotive Repair
Loans
3
Avg. Amount
$425K
Limited-Service Restaurants
3
loans
$287K
avg. amount
Limited-Service Restaurants
Loans
3
Avg. Amount
$287K
General Freight Trucking, Local
1
loans
$4.0M
avg. amount
General Freight Trucking, Local
Loans
1
Avg. Amount
$4.0M
Sign Manufacturing
1
loans
$800K
avg. amount
Sign Manufacturing
Loans
1
Avg. Amount
$800K
Convention and Trade Show Organizers
1
loans
$172K
avg. amount
Convention and Trade Show Organizers
Loans
1
Avg. Amount
$172K
Other Services to Buildings and Dwellings
1
loans
$180K
avg. amount
Other Services to Buildings and Dwellings
Loans
1
Avg. Amount
$180K
Other Computer Related Services
1
loans
$1.5M
avg. amount
Other Computer Related Services
Loans
1
Avg. Amount
$1.5M
Furniture Merchant Wholesalers
1
loans
$880K
avg. amount
Furniture Merchant Wholesalers
Loans
1
Avg. Amount
$880K
Gift, Novelty, and Souvenir Retailers
1
loans
$217K
avg. amount
Gift, Novelty, and Souvenir Retailers
Loans
1
Avg. Amount
$217K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.89% |
| $500K-$1M | Prime + 2.60% |
| $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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