Armstrong Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Armstrong Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 7 | $2.0M | $282K | 4.2% |
| 811192 | Car Washes | 5 | $2.4M | $472K | 3.0% |
| 332710 | Machine Shops | 5 | $2.1M | $416K | 3.0% |
| 811198 | All Other Automotive Repair and Maintenance | 4 | $1.6M | $410K | 2.4% |
| 624410 | Child Care Services | 4 | $389K | $97K | 2.4% |
| 722511 | Full-Service Restaurants | 3 | $736K | $245K | 1.8% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $599K | $200K | 1.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 3 | $715K | $238K | 1.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $145K | $48K | 1.8% |
| 722513 | Limited-Service Restaurants | 3 | $1.3M | $432K | 1.8% |
Geographic Distribution
SBA lending activity for Armstrong Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 128 | $35.9M | 76.6% |
| Arkansas (AR) | 34 | $17.1M | 20.4% |
| Florida (FL) | 1 | $5.0M | 0.6% |
| Georgia (GA) | 1 | $1.8M | 0.6% |
| Texas (TX) | 3 | $810K | 1.8% |
Why Choose Armstrong Bank?
Based on SBA 7(a) lending track record from 1993-2025
- ✓Proven Track Record: 167 SBA loans approved, totaling $60.6M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Car Washes, Machine Shops
- ✓Competitive Terms: Average interest rate of 6.49% with flexible term lengths averaging 117 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $363K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in OK, AR, 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 Armstrong Bank SBA lending
What types of businesses does Armstrong Bank typically finance?
Armstrong Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, car washes, machine shops, all other automotive repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Armstrong Bank's typical SBA loan terms?
Armstrong Bank's SBA 7(a) loans typically feature an average interest rate of 6.49% and average term length of 117 months (approximately 10 years). Loan sizes range from $5K to $5.0M, with an average loan size of $363K.
Do I need a business valuation for a Armstrong Bank SBA loan?
Yes, Armstrong 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 Armstrong Bank compare to other SBA lenders?
Armstrong Bank has originated 167 SBA loans totaling $60.6M since 1993. 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 Armstrong Bank lend in?
Armstrong Bank provides SBA 7(a) financing with particularly strong presence in OK, AR, TX, FL, GA. 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.
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