Banco de Bogota SA
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Banco de Bogota SA · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Banco de Bogota SA by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 5 | $400K | 83.3% |
| New Jersey (NJ) | 1 | $200K | 16.7% |
Why Choose Banco de Bogota SA?
Based on SBA 7(a) lending track record from 1994-1996
- ✓Proven Track Record: 6 SBA loans approved, totaling $600K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 56 months
- ✓Loan Range: Loan sizes from $50K to $200K, with an average of $100K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, NJ
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 Banco de Bogota SA SBA lending
What types of businesses does Banco de Bogota SA typically finance?
Banco de Bogota SA 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 Banco de Bogota SA's typical SBA loan terms?
Banco de Bogota SA's SBA 7(a) loans typically feature an average interest rate of — and average term length of 56 months (approximately 5 years). Loan sizes range from $50K to $200K, with an average loan size of $100K.
Do I need a business valuation for a Banco de Bogota SA SBA loan?
Yes, Banco de Bogota SA 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 Banco de Bogota SA compare to other SBA lenders?
Banco de Bogota SA has originated 6 SBA loans totaling $600K since 1994. 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 Banco de Bogota SA lend in?
Banco de Bogota SA provides SBA 7(a) financing with particularly strong presence in NY, NJ. 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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