Bank of Central Florida
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Bank of Central Florida · FY 2021
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541430 | Graphic Design Services | 1 | $597K | $597K | 12.5% |
| 561730 | Landscaping Services | 1 | $765K | $765K | 12.5% |
| 561320 | Temporary Help Services | 1 | $150K | $150K | 12.5% |
| 445291 | Baked Goods Retailers | 1 | $308K | $308K | 12.5% |
| 721191 | Bed-and-Breakfast Inns | 1 | $1.5M | $1.5M | 12.5% |
| 561210 | Facilities Support Services | 1 | $1.2M | $1.2M | 12.5% |
| 238990 | All Other Specialty Trade Contractors | 1 | $2.0M | $2.0M | 12.5% |
Geographic Distribution
SBA lending activity for Bank of Central Florida by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 8 | $7.9M | 100.0% |
Why Choose Bank of Central Florida?
Based on SBA 7(a) lending track record in FY 2021
- ✓Proven Track Record: 8 SBA loans approved, totaling $7.9M in financing
- ✓Industry Expertise: Specialized focus on Graphic Design Services, Landscaping Services, Temporary Help Services
- ✓Competitive Terms: Average interest rate of 5.28% with flexible term lengths averaging 185 months
- ✓Loan Range: Loan sizes from $150K to $2.0M, with an average of $983K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 Central Florida SBA lending
What types of businesses does Bank of Central Florida typically finance?
Bank of Central Florida specializes in SBA 7(a) lending to specific industries including graphic design services, landscaping services, temporary help services, baked goods retailers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Central Florida's typical SBA loan terms?
Bank of Central Florida's SBA 7(a) loans typically feature an average interest rate of 5.28% and average term length of 185 months (approximately 15 years). Loan sizes range from $150K to $2.0M, with an average loan size of $983K.
Do I need a business valuation for a Bank of Central Florida SBA loan?
Yes, Bank of Central Florida 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 Central Florida compare to other SBA lenders?
Bank of Central Florida has originated 8 SBA loans totaling $7.9M in FY 2021. 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 Central Florida lend in?
Bank of Central Florida provides SBA 7(a) financing with particularly strong presence in FL. 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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