Bank of Pontiac
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Pontiac
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $864K | $108K | 100.0% |
Geographic Distribution
SBA lending activity for Bank of Pontiac by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 8 | $864K | 100.0% |
Why Choose Bank of Pontiac?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $864K in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.95% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $108K to $108K, with an average of $108K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Pontiac SBA lending
What types of businesses does Bank of Pontiac typically finance?
Bank of Pontiac specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Pontiac's typical SBA loan terms?
Bank of Pontiac's SBA 7(a) loans typically feature an average interest rate of 5.95% and average term length of 120 months (approximately 10 years). Loan sizes range from $108K to $108K, with an average loan size of $108K.
Do I need a business valuation for a Bank of Pontiac SBA loan?
Yes, Bank of Pontiac 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 Pontiac compare to other SBA lenders?
Bank of Pontiac has originated 8 SBA loans totaling $864K 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 Pontiac lend in?
Bank of Pontiac provides SBA 7(a) financing with particularly strong presence in IL. 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.