Bank of Oak Ridge
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by Bank of Oak Ridge
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 152 | $128.5M | $845K | 10.8% |
| 238990 | All Other Specialty Trade Contractors | 64 | $58.7M | $917K | 4.5% |
| 713990 | All Other Amusement and Recreation Industries | 56 | $113.4M | $2.0M | 4.0% |
| 722513 | Limited-Service Restaurants | 56 | $46.8M | $835K | 4.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 48 | $141.5M | $2.9M | 3.4% |
| 811111 | General Automotive Repair | 48 | $16.9M | $351K | 3.4% |
| 484110 | General Freight Trucking, Local | 40 | $16.0M | $400K | 2.8% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $14.2M | $356K | 2.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $13.5M | $421K | 2.3% |
| 812112 | Beauty Salons | 32 | $27.3M | $853K | 2.3% |
Geographic Distribution
SBA lending activity for Bank of Oak Ridge by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 1,032 | $977.2M | 73.3% |
| South Carolina (SC) | 176 | $190.5M | 12.5% |
| Virginia (VA) | 104 | $119.5M | 7.4% |
| Georgia (GA) | 56 | $69.7M | 4.0% |
| Maryland (MD) | 16 | $12.2M | 1.1% |
| Alabama (AL) | 8 | $11.4M | 0.6% |
| Kentucky (KY) | 8 | $8.0M | 0.6% |
| Florida (FL) | 8 | $3.6M | 0.6% |
Why Choose Bank of Oak Ridge?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,408 SBA loans approved, totaling $1.39B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, All Other Specialty Trade Contractors, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 9.18% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $989K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in NC, SC, VA
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 Oak Ridge SBA lending
What types of businesses does Bank of Oak Ridge typically finance?
Bank of Oak Ridge specializes in SBA 7(a) lending to specific industries including full-service restaurants, all other specialty trade contractors, all other amusement and recreation industries, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Oak Ridge's typical SBA loan terms?
Bank of Oak Ridge's SBA 7(a) loans typically feature an average interest rate of 9.18% and average term length of 169 months (approximately 14 years). Loan sizes range from $20K to $5.0M, with an average loan size of $989K.
Do I need a business valuation for a Bank of Oak Ridge SBA loan?
Yes, Bank of Oak Ridge 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 Oak Ridge compare to other SBA lenders?
Bank of Oak Ridge has originated 1,408 SBA loans totaling $1.39B since 2020. 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 Oak Ridge lend in?
Bank of Oak Ridge provides SBA 7(a) financing with particularly strong presence in NC, SC, VA, GA, MD. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.