We do commercial lending nationwide. I cannot ever recall seeing a deal financed by a lender where they do not have their home state as the jurisdiction for legal matters. It is fairly common. It would make sense to consult with an attorney to see how this would impact you, but I think your existing attorney ought to be able to research NC law or have a contact in NC that could help you.

Please note that if they are pursuing collateral you have, they would need to do that in the State the collateral exists. A UCC on business assets get filed in your home state. A mortgage for real estate gets filed in your home state. So they would need to pursue liquidation in your home state. However, they could sue you under your personal guarantee in their home state.

This situation does not just impact bank loan documents. If you look at any agreement you sign for any service provider, possibly even NDA's you sign, you will find the state for jurisdiction is likely going to be the home state for the business and not your state.

I hope this helps. As has already been said, SBA loan documents are pretty standard. I would not let the state of jurisdiction make you redo the deal this late in the process. But that is ultimately your choice and comfort.

Thanks for your perspective Brad, definitely moving forward but has been good to solicit all this perspective from experienced Searchfunder community professionals as I was surprised my my attorney's view