Bank of the Pacific
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Bank of the Pacific
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 24 | $4.2M | $177K | 13.0% |
| 445131 | Other | 24 | $13.8M | $577K | 13.0% |
| 238910 | Site Preparation Contractors | 16 | $4.0M | $250K | 8.7% |
| 311710 | Seafood Product Preparation and Packaging | 16 | $8.0M | $498K | 8.7% |
| 332312 | Fabricated Structural Metal Manufacturing | 16 | $18.9M | $1.2M | 8.7% |
| 441330 | Other | 8 | $1.2M | $150K | 4.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.6M | $200K | 4.3% |
| 722511 | Full-Service Restaurants | 8 | $2.6M | $320K | 4.3% |
| 624410 | Child Day Care Services | 8 | $1.6M | $200K | 4.3% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $3.5M | $435K | 4.3% |
Geographic Distribution
SBA lending activity for Bank of the Pacific by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 128 | $55.6M | 69.6% |
| Oregon (OR) | 56 | $25.6M | 30.4% |
Why Choose Bank of the Pacific?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 184 SBA loans approved, totaling $81.2M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, Other, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 6.67% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $95K to $2.2M, with an average of $441K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WA, OR
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 Pacific SBA lending
What types of businesses does Bank of the Pacific typically finance?
Bank of the Pacific specializes in SBA 7(a) lending to specific industries including shellfish fishing, other, site preparation contractors, seafood product preparation and packaging. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of the Pacific's typical SBA loan terms?
Bank of the Pacific's SBA 7(a) loans typically feature an average interest rate of 6.67% and average term length of 125 months (approximately 10 years). Loan sizes range from $95K to $2.2M, with an average loan size of $441K.
Do I need a business valuation for a Bank of the Pacific SBA loan?
Yes, Bank of the Pacific 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 Pacific compare to other SBA lenders?
Bank of the Pacific has originated 184 SBA loans totaling $81.2M 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 the Pacific lend in?
Bank of the Pacific provides SBA 7(a) financing with particularly strong presence in WA, OR. 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.
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