Bank of the Mountains Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of the Mountains Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541110 | Offices of Lawyers | 1 | $35K | $35K | 50.0% |
Geographic Distribution
SBA lending activity for Bank of the Mountains Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 2 | $173K | 100.0% |
Why Choose Bank of the Mountains Inc?
Based on SBA 7(a) lending track record from 2003-2009
- ✓Proven Track Record: 2 SBA loans approved, totaling $173K in financing
- ✓Industry Expertise: Specialized focus on Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 65 months
- ✓Loan Range: Loan sizes from $35K to $138K, with an average of $87K
- ✓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 the Mountains Inc SBA lending
What types of businesses does Bank of the Mountains Inc typically finance?
Bank of the Mountains Inc specializes in SBA 7(a) lending to specific industries including offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of the Mountains Inc's typical SBA loan terms?
Bank of the Mountains Inc's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 65 months (approximately 5 years). Loan sizes range from $35K to $138K, with an average loan size of $87K.
Do I need a business valuation for a Bank of the Mountains Inc SBA loan?
Yes, Bank of the Mountains Inc 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 Mountains Inc compare to other SBA lenders?
Bank of the Mountains Inc has originated 2 SBA loans totaling $173K since 2003. 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 Mountains Inc lend in?
Bank of the Mountains Inc 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
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