Bank of Granite
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Granite · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $55K | $55K | 5.6% |
| 532310 | General Rental Centers | 1 | $565K | $565K | 5.6% |
| 316110 | Leather and Hide Tanning and Finishing | 1 | $150K | $150K | 5.6% |
Geographic Distribution
SBA lending activity for Bank of Granite by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 18 | $5.6M | 100.0% |
Why Choose Bank of Granite?
Based on SBA 7(a) lending track record from 1996-2004
- ✓Proven Track Record: 18 SBA loans approved, totaling $5.6M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, General Rental Centers, Leather and Hide Tanning and Finishing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $16K to $1.0M, with an average of $312K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 Granite SBA lending
What types of businesses does Bank of Granite typically finance?
Bank of Granite specializes in SBA 7(a) lending to specific industries including landscaping services, general rental centers, leather and hide tanning and finishing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Granite's typical SBA loan terms?
Bank of Granite's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $16K to $1.0M, with an average loan size of $312K.
Do I need a business valuation for a Bank of Granite SBA loan?
Yes, Bank of Granite 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 Granite compare to other SBA lenders?
Bank of Granite has originated 18 SBA loans totaling $5.6M since 1996. 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 Granite lend in?
Bank of Granite provides SBA 7(a) financing with particularly strong presence in NC. 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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