Armor Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Armor Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $50K | $50K | 12.5% |
Geographic Distribution
SBA lending activity for Armor Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 8 | $1.4M | 100.0% |
Why Choose Armor Bank?
Based on SBA 7(a) lending track record from 1996-2003
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 147 months
- ✓Loan Range: Loan sizes from $10K to $476K, with an average of $173K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 Armor Bank SBA lending
What types of businesses does Armor Bank typically finance?
Armor Bank specializes in SBA 7(a) lending to specific industries including child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Armor Bank's typical SBA loan terms?
Armor Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 147 months (approximately 12 years). Loan sizes range from $10K to $476K, with an average loan size of $173K.
Do I need a business valuation for a Armor Bank SBA loan?
Yes, Armor Bank 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 Armor Bank compare to other SBA lenders?
Armor Bank has originated 8 SBA loans totaling $1.4M since 1996. 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 Armor Bank lend in?
Armor Bank provides SBA 7(a) financing with particularly strong presence in AR. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.