AuburnBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by AuburnBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541330 | Engineering Services | 3 | $437K | $146K | 16.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $143K | $143K | 5.6% |
| 541921 | Photography Studios, Portrait | 1 | $75K | $75K | 5.6% |
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $19K | $19K | 5.6% |
| 481112 | Scheduled Freight Air Transportation | 1 | $75K | $75K | 5.6% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $350K | $350K | 5.6% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $1.3M | $1.3M | 5.6% |
Geographic Distribution
SBA lending activity for AuburnBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 18 | $4.8M | 100.0% |
Why Choose AuburnBank?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 18 SBA loans approved, totaling $4.8M in financing
- ✓Industry Expertise: Specialized focus on Engineering Services, Drinking Places (Alcoholic Beverages), Photography Studios, Portrait
- ✓Competitive Terms: Average interest rate of 5.56% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $15K to $1.4M, with an average of $264K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 AuburnBank SBA lending
What types of businesses does AuburnBank typically finance?
AuburnBank specializes in SBA 7(a) lending to specific industries including engineering services, drinking places (alcoholic beverages), photography studios, portrait, carpet and upholstery cleaning services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are AuburnBank's typical SBA loan terms?
AuburnBank's SBA 7(a) loans typically feature an average interest rate of 5.56% and average term length of 114 months (approximately 10 years). Loan sizes range from $15K to $1.4M, with an average loan size of $264K.
Do I need a business valuation for a AuburnBank SBA loan?
Yes, AuburnBank 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 AuburnBank compare to other SBA lenders?
AuburnBank has originated 18 SBA loans totaling $4.8M since 1992. 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 AuburnBank lend in?
AuburnBank provides SBA 7(a) financing with particularly strong presence in AL. 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.