Bank of Travelers Rest
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Travelers Rest · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 6 | $945K | $158K | 4.5% |
| 238990 | All Other Specialty Trade Contractors | 6 | $1.9M | $312K | 4.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 5 | $13.6M | $2.7M | 3.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 5 | $1.2M | $234K | 3.8% |
| 237990 | Other Heavy and Civil Engineering Construction | 4 | $1.8M | $439K | 3.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $1.1M | $377K | 2.3% |
| 333112 | Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing | 3 | $4.2M | $1.4M | 2.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 3 | $3.0M | $1.0M | 2.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 3 | $1.1M | $375K | 2.3% |
| 531390 | Other Activities Related to Real Estate | 3 | $2.4M | $797K | 2.3% |
Geographic Distribution
SBA lending activity for Bank of Travelers Rest by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 133 | $77.9M | 100.0% |
Why Choose Bank of Travelers Rest?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 133 SBA loans approved, totaling $77.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, All Other Specialty Trade Contractors, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.18% with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $30K to $5.0M, with an average of $586K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SC
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 Travelers Rest SBA lending
What types of businesses does Bank of Travelers Rest typically finance?
Bank of Travelers Rest specializes in SBA 7(a) lending to specific industries including full-service restaurants, all other specialty trade contractors, hotels (except casino hotels) and motels, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Travelers Rest's typical SBA loan terms?
Bank of Travelers Rest's SBA 7(a) loans typically feature an average interest rate of 5.18% and average term length of 139 months (approximately 12 years). Loan sizes range from $30K to $5.0M, with an average loan size of $586K.
Do I need a business valuation for a Bank of Travelers Rest SBA loan?
Yes, Bank of Travelers Rest 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 Travelers Rest compare to other SBA lenders?
Bank of Travelers Rest has originated 133 SBA loans totaling $77.9M since 1992. 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 Travelers Rest lend in?
Bank of Travelers Rest provides SBA 7(a) financing with particularly strong presence in SC. 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.
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