Abigail Adams National Bancorp, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Abigail Adams National Bancorp, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Abigail Adams National Bancorp, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| District of Columbia (DC) | 1 | $70K | 100.0% |
Why Choose Abigail Adams National Bancorp, Inc.?
Based on SBA 7(a) lending track record from 2001-2001
- ✓Proven Track Record: 1 SBA loans approved, totaling $70K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $70K to $70K, with an average of $70K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in DC
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 Abigail Adams National Bancorp, Inc. SBA lending
What types of businesses does Abigail Adams National Bancorp, Inc. typically finance?
Abigail Adams National Bancorp, Inc. specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Abigail Adams National Bancorp, Inc.'s typical SBA loan terms?
Abigail Adams National Bancorp, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $70K to $70K, with an average loan size of $70K.
Do I need a business valuation for a Abigail Adams National Bancorp, Inc. SBA loan?
Yes, Abigail Adams National Bancorp, Inc. 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 Abigail Adams National Bancorp, Inc. compare to other SBA lenders?
Abigail Adams National Bancorp, Inc. has originated 1 SBA loans totaling $70K since 2001. 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 Abigail Adams National Bancorp, Inc. lend in?
Abigail Adams National Bancorp, Inc. provides SBA 7(a) financing with particularly strong presence in DC. 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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