Bank Independent
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank Independent · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 3 | $156K | $52K | 7.3% |
| 112310 | Chicken Egg Production | 2 | $380K | $190K | 4.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $807K | $404K | 4.9% |
| 811111 | General Automotive Repair | 2 | $212K | $106K | 4.9% |
| 812112 | Beauty Salons | 1 | $50K | $50K | 2.4% |
| 561730 | Landscaping Services | 1 | $35K | $35K | 2.4% |
| 336212 | Truck Trailer Manufacturing | 1 | $400K | $400K | 2.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $389K | $389K | 2.4% |
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $497K | $497K | 2.4% |
| 441120 | Used Car Dealers | 1 | $80K | $80K | 2.4% |
Geographic Distribution
SBA lending activity for Bank Independent by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 41 | $7.5M | 100.0% |
Why Choose Bank Independent?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 41 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Chicken Egg Production, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $10K to $880K, with an average of $182K
- ✓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 Bank Independent SBA lending
What types of businesses does Bank Independent typically finance?
Bank Independent specializes in SBA 7(a) lending to specific industries including child care services, chicken egg production, automotive body, paint, and interior repair and maintenance, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank Independent's typical SBA loan terms?
Bank Independent's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 110 months (approximately 9 years). Loan sizes range from $10K to $880K, with an average loan size of $182K.
Do I need a business valuation for a Bank Independent SBA loan?
Yes, Bank Independent 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 Independent compare to other SBA lenders?
Bank Independent has originated 41 SBA loans totaling $7.5M 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 Bank Independent lend in?
Bank Independent 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.
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