Bank of the James
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of the James · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $50K | $50K | 50.0% |
Geographic Distribution
SBA lending activity for Bank of the James by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 2 | $98K | 100.0% |
Why Choose Bank of the James?
Based on SBA 7(a) lending track record from 2000-2002
- ✓Proven Track Record: 2 SBA loans approved, totaling $98K in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $48K to $50K, with an average of $49K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 the James SBA lending
What types of businesses does Bank of the James typically finance?
Bank of the James specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of the James's typical SBA loan terms?
Bank of the James's SBA 7(a) loans typically feature an average interest rate of — and average term length of 86 months (approximately 7 years). Loan sizes range from $48K to $50K, with an average loan size of $49K.
Do I need a business valuation for a Bank of the James SBA loan?
Yes, Bank of the James 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 the James compare to other SBA lenders?
Bank of the James has originated 2 SBA loans totaling $98K since 2000. 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 the James lend in?
Bank of the James provides SBA 7(a) financing with particularly strong presence in VA. 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.