22nd State Bank, A Division of 22nd State Banking Company
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by 22nd State Bank, A Division of 22nd State Banking Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 136 | $79.4M | $584K | 5.3% |
| 624410 | Child Day Care Services | 112 | $127.3M | $1.1M | 4.4% |
| 722511 | Full-Service Restaurants | 80 | $76.3M | $954K | 3.1% |
| 236118 | Residential Remodelers | 72 | $103.7M | $1.4M | 2.8% |
| 238210 | Electrical Contractors | 56 | $146.1M | $2.6M | 2.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 56 | $85.6M | $1.5M | 2.2% |
| 561730 | Landscaping Services | 56 | $97.1M | $1.7M | 2.2% |
| 713990 | All Other Amusement and Recreation Industries | 56 | $105.0M | $1.9M | 2.2% |
| 238990 | All Other Specialty Trade Contractors | 48 | $80.3M | $1.7M | 1.9% |
| 621610 | Home Health Care Services | 40 | $63.3M | $1.6M | 1.6% |
Geographic Distribution
SBA lending activity for 22nd State Bank, A Division of 22nd State Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 408 | $458.4M | 15.9% |
| California (CA) | 208 | $202.4M | 8.1% |
| Colorado (CO) | 96 | $202.3M | 3.8% |
| Texas (TX) | 176 | $186.1M | 6.9% |
| Georgia (GA) | 128 | $158.0M | 5.0% |
| Arizona (AZ) | 88 | $122.9M | 3.4% |
| Virginia (VA) | 72 | $118.1M | 2.8% |
| New Jersey (NJ) | 120 | $115.6M | 4.7% |
| New York (NY) | 80 | $111.1M | 3.1% |
| North Carolina (NC) | 104 | $110.7M | 4.1% |
| Alabama (AL) | 120 | $100.5M | 4.7% |
| Washington (WA) | 64 | $97.1M | 2.5% |
| Pennsylvania (PA) | 80 | $85.7M | 3.1% |
| Connecticut (CT) | 32 | $64.5M | 1.3% |
| Wisconsin (WI) | 64 | $64.2M | 2.5% |
| Nevada (NV) | 56 | $57.6M | 2.2% |
| Ohio (OH) | 56 | $57.2M | 2.2% |
| Minnesota (MN) | 32 | $55.1M | 1.3% |
| Maryland (MD) | 48 | $54.9M | 1.9% |
| Oregon (OR) | 40 | $52.2M | 1.6% |
| Massachusetts (MA) | 40 | $44.1M | 1.6% |
| Hawaii (HI) | 40 | $43.0M | 1.6% |
| Illinois (IL) | 48 | $41.7M | 1.9% |
| Michigan (MI) | 16 | $41.4M | 0.6% |
| Delaware (DE) | 8 | $39.9M | 0.3% |
| Missouri (MO) | 24 | $36.1M | 0.9% |
| Oklahoma (OK) | 16 | $32.9M | 0.6% |
| Maine (ME) | 24 | $28.0M | 0.9% |
| South Carolina (SC) | 48 | $26.0M | 1.9% |
| Utah (UT) | 40 | $25.1M | 1.6% |
| Iowa (IA) | 16 | $19.8M | 0.6% |
| Tennessee (TN) | 32 | $19.2M | 1.3% |
| Montana (MT) | 24 | $18.3M | 0.9% |
| West Virginia (WV) | 8 | $17.9M | 0.3% |
| New Mexico (NM) | 32 | $13.4M | 1.3% |
| Kentucky (KY) | 8 | $11.8M | 0.3% |
| Kansas (KS) | 16 | $10.2M | 0.6% |
| Arkansas (AR) | 8 | $9.2M | 0.3% |
| Indiana (IN) | 8 | $8.0M | 0.3% |
| Vermont (VT) | 8 | $6.0M | 0.3% |
| Alaska (AK) | 8 | $4.9M | 0.3% |
| Wyoming (WY) | 8 | $3.4M | 0.3% |
| New Hampshire (NH) | 8 | $2.4M | 0.3% |
Why Choose 22nd State Bank, A Division of 22nd State Banking Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,560 SBA loans approved, totaling $2.98B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Child Day Care Services, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.43% with flexible term lengths averaging 167 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 43 states, with strong presence in FL, CA, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about 22nd State Bank, A Division of 22nd State Banking Company SBA lending
What types of businesses does 22nd State Bank, A Division of 22nd State Banking Company typically finance?
22nd State Bank, A Division of 22nd State Banking Company specializes in SBA 7(a) lending to specific industries including limited-service restaurants, child day care services, full-service restaurants, residential remodelers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 22nd State Bank, A Division of 22nd State Banking Company's typical SBA loan terms?
22nd State Bank, A Division of 22nd State Banking Company's SBA 7(a) loans typically feature an average interest rate of 8.43% and average term length of 167 months (approximately 14 years). Loan sizes range from $50K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a 22nd State Bank, A Division of 22nd State Banking Company SBA loan?
Yes, 22nd State Bank, A Division of 22nd State Banking Company typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does 22nd State Bank, A Division of 22nd State Banking Company compare to other SBA lenders?
22nd State Bank, A Division of 22nd State Banking Company has originated 2,560 SBA loans totaling $2.98B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does 22nd State Bank, A Division of 22nd State Banking Company lend in?
22nd State Bank, A Division of 22nd State Banking Company provides SBA 7(a) financing with particularly strong presence in FL, CA, TX, GA, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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