Bank of 1889
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of 1889 · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713950 | Bowling Centers | 1 | $150K | $150K | 12.5% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $65K | $65K | 12.5% |
Geographic Distribution
SBA lending activity for Bank of 1889 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 8 | $1.1M | 100.0% |
Why Choose Bank of 1889?
Based on SBA 7(a) lending track record from 1993-2005
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.1M in financing
- ✓Industry Expertise: Specialized focus on Bowling Centers, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 159 months
- ✓Loan Range: Loan sizes from $10K to $392K, with an average of $141K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 of 1889 SBA lending
What types of businesses does Bank of 1889 typically finance?
Bank of 1889 specializes in SBA 7(a) lending to specific industries including bowling centers, offices of physical, occupational and speech therapists, and audiologists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of 1889's typical SBA loan terms?
Bank of 1889's SBA 7(a) loans typically feature an average interest rate of — and average term length of 159 months (approximately 13 years). Loan sizes range from $10K to $392K, with an average loan size of $141K.
Do I need a business valuation for a Bank of 1889 SBA loan?
Yes, Bank of 1889 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 of 1889 compare to other SBA lenders?
Bank of 1889 has originated 8 SBA loans totaling $1.1M since 1993. 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 of 1889 lend in?
Bank of 1889 provides SBA 7(a) financing with particularly strong presence in 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.
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