Top SBA Lenders in North Carolina for Construction
5 SBA 7(a) lenders active in North Carolina's construction sector.
Lenders
19 loans
Total Volume
Median Rate
State avg: Prime + 2.50%
Default Rate
State avg: 1.5%
Top Construction Lenders in North Carolina
Rate Distribution (Construction in North Carolina)
All Construction Lenders in North Carolina
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | First Bank | 5 | $5.4M | P+2.75% | 4.0% |
| 2 | Dogwood State Bank | 4 | $6.6M | P+2.75% | 1.3% |
| 3 | The Fidelity Bank | 4 | $6.6M | P+2.38% | 2.3% |
| 4 | TowneBank | 3 | $5.5M | P+2.75% | 0.4% |
| 5 | Live Oak Bank | 3 | $1.1M | P+1.50% | 1.3% |
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5 SBA 7(a) lenders are active in North Carolina's construction sector, having originated 19 loans totaling $25.2M. The median rate for construction acquisitions in North Carolina is Prime + 2.75%, compared to the statewide median of Prime + 2.50%.
The 10-year cumulative default rate for this niche is 1.3%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in construction in North Carolina?
5 SBA 7(a) lenders have originated construction acquisition loans in North Carolina, with a combined 19 loans.
What rate can I expect for a construction acquisition in North Carolina?
The median rate is Prime + 2.75% (Prime + spread). This compares to a statewide median of Prime + 2.50%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for construction SBA loans in North Carolina?
The 10-year cumulative default rate is 1.3%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.