BANK 21
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BANK 21 · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $590K | $295K | 33.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $131K | $131K | 16.7% |
| 238330 | Flooring Contractors | 1 | $88K | $88K | 16.7% |
| 812111 | Barber Shops | 1 | $195K | $195K | 16.7% |
Geographic Distribution
SBA lending activity for BANK 21 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 4 | $529K | 66.7% |
| Colorado (CO) | 1 | $419K | 16.7% |
| Kansas (KS) | 1 | $88K | 16.7% |
Why Choose BANK 21?
Based on SBA 7(a) lending track record from 1998-2020
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Hotels (except Casino Hotels) and Motels, Flooring Contractors
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $32K to $419K, with an average of $173K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MO, CO, KS
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 BANK 21 SBA lending
What types of businesses does BANK 21 typically finance?
BANK 21 specializes in SBA 7(a) lending to specific industries including beauty salons, hotels (except casino hotels) and motels, flooring contractors, barber shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BANK 21's typical SBA loan terms?
BANK 21's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 122 months (approximately 10 years). Loan sizes range from $32K to $419K, with an average loan size of $173K.
Do I need a business valuation for a BANK 21 SBA loan?
Yes, BANK 21 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 BANK 21 compare to other SBA lenders?
BANK 21 has originated 6 SBA loans totaling $1.0M since 1998. 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 BANK 21 lend in?
BANK 21 provides SBA 7(a) financing with particularly strong presence in MO, CO, KS. 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.