Bank of Whitman
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Whitman · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 1 | $800K | $800K | 9.1% |
| 621320 | Offices of Optometrists | 1 | $95K | $95K | 9.1% |
| 336991 | Motorcycle, Bicycle, and Parts Manufacturing | 1 | $350K | $350K | 9.1% |
Geographic Distribution
SBA lending activity for Bank of Whitman by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 11 | $3.4M | 100.0% |
Why Choose Bank of Whitman?
Based on SBA 7(a) lending track record from 1994-2005
- ✓Proven Track Record: 11 SBA loans approved, totaling $3.4M in financing
- ✓Industry Expertise: Specialized focus on Postharvest Crop Activities (except Cotton Ginning), Offices of Optometrists, Motorcycle, Bicycle, and Parts Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $50K to $1.0M, with an average of $312K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WA
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 Whitman SBA lending
What types of businesses does Bank of Whitman typically finance?
Bank of Whitman specializes in SBA 7(a) lending to specific industries including postharvest crop activities (except cotton ginning), offices of optometrists, motorcycle, bicycle, and parts manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Whitman's typical SBA loan terms?
Bank of Whitman's SBA 7(a) loans typically feature an average interest rate of — and average term length of 110 months (approximately 9 years). Loan sizes range from $50K to $1.0M, with an average loan size of $312K.
Do I need a business valuation for a Bank of Whitman SBA loan?
Yes, Bank of Whitman 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 Whitman compare to other SBA lenders?
Bank of Whitman has originated 11 SBA loans totaling $3.4M since 1994. 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 Whitman lend in?
Bank of Whitman provides SBA 7(a) financing with particularly strong presence in WA. 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.