Armstrong Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Armstrong Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 32 | $14.5M | $452K | 13.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $5.7M | $238K | 10.0% |
| 459110 | Other | 16 | $13.9M | $871K | 6.7% |
| 722511 | Full-Service Restaurants | 8 | $2.2M | $275K | 3.3% |
| 311920 | Coffee and Tea Manufacturing | 8 | $1.6M | $200K | 3.3% |
| 611691 | Exam Preparation and Tutoring | 8 | $3.7M | $460K | 3.3% |
| 722513 | Limited-Service Restaurants | 8 | $2.0M | $250K | 3.3% |
| 445320 | Other | 8 | $6.4M | $800K | 3.3% |
| 812112 | Beauty Salons | 8 | $1.1M | $139K | 3.3% |
| 453220 | Gift, Novelty, and Souvenir Stores | 8 | $542K | $68K | 3.3% |
Geographic Distribution
SBA lending activity for Armstrong Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 216 | $110.4M | 90.0% |
| Florida (FL) | 8 | $40.0M | 3.3% |
| Arkansas (AR) | 8 | $13.0M | 3.3% |
| Texas (TX) | 8 | $3.7M | 3.3% |
Why Choose Armstrong Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 240 SBA loans approved, totaling $167.0M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Snack and Nonalcoholic Beverage Bars, Other
- ✓Competitive Terms: Average interest rate of 7.76% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $40K to $5.0M, with an average of $696K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in OK, TX, FL
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, snack and nonalcoholic beverage bars, other, full-service restaurants. 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 7.76% and average term length of 134 months (approximately 11 years). Loan sizes range from $40K to $5.0M, with an average loan size of $696K.
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 240 SBA loans totaling $167.0M 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 Armstrong Bank lend in?
Armstrong Bank provides SBA 7(a) financing with particularly strong presence in OK, TX, FL, 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?
Professional valuations are often required for SBA loans over $250,000.
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