Bank of Columbia
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Columbia · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332312 | Fabricated Structural Metal Manufacturing | 3 | $100K | $33K | 50.0% |
Geographic Distribution
SBA lending activity for Bank of Columbia by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 6 | $377K | 100.0% |
Why Choose Bank of Columbia?
Based on SBA 7(a) lending track record from 1995-2020
- ✓Proven Track Record: 6 SBA loans approved, totaling $377K in financing
- ✓Industry Expertise: Specialized focus on Fabricated Structural Metal Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $25K to $125K, with an average of $63K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Columbia SBA lending
What types of businesses does Bank of Columbia typically finance?
Bank of Columbia specializes in SBA 7(a) lending to specific industries including fabricated structural metal manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Columbia's typical SBA loan terms?
Bank of Columbia's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 154 months (approximately 13 years). Loan sizes range from $25K to $125K, with an average loan size of $63K.
Do I need a business valuation for a Bank of Columbia SBA loan?
Yes, Bank of Columbia 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 Columbia compare to other SBA lenders?
Bank of Columbia has originated 6 SBA loans totaling $377K since 1995. 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 Columbia lend in?
Bank of Columbia provides SBA 7(a) financing with particularly strong presence in KY. 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.