Bank3
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank3
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 16 | $2.6M | $160K | 18.2% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $2.4M | $300K | 9.1% |
| 531190 | Lessors of Other Real Estate Property | 8 | $2.1M | $267K | 9.1% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $4.0M | $500K | 9.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.1M | $260K | 9.1% |
| 445291 | Baked Goods Stores | 8 | $3.9M | $484K | 9.1% |
| 624410 | Child Day Care Services | 8 | $5.6M | $700K | 9.1% |
| 483211 | Inland Water Freight Transportation | 8 | $3.5M | $440K | 9.1% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $28.4M | $3.5M | 9.1% |
| 332312 | Fabricated Structural Metal Manufacturing | 8 | $28.4M | $3.6M | 9.1% |
Geographic Distribution
SBA lending activity for Bank3 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 48 | $42.5M | 54.5% |
| Mississippi (MS) | 16 | $30.8M | 18.2% |
| Arkansas (AR) | 8 | $4.0M | 9.1% |
| Kentucky (KY) | 8 | $3.5M | 9.1% |
| Texas (TX) | 8 | $2.1M | 9.1% |
Why Choose Bank3?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $83.0M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, Fitness and Recreational Sports Centers, Lessors of Other Real Estate Property
- ✓Competitive Terms: Average interest rate of 6.55% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $150K to $3.6M, with an average of $943K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in TN, MS, TX
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 Bank3 SBA lending
What types of businesses does Bank3 typically finance?
Bank3 specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, fitness and recreational sports centers, lessors of other real estate property, specialized freight (except used goods) trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank3's typical SBA loan terms?
Bank3's SBA 7(a) loans typically feature an average interest rate of 6.55% and average term length of 120 months (approximately 10 years). Loan sizes range from $150K to $3.6M, with an average loan size of $943K.
Do I need a business valuation for a Bank3 SBA loan?
Yes, Bank3 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 Bank3 compare to other SBA lenders?
Bank3 has originated 88 SBA loans totaling $83.0M 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 Bank3 lend in?
Bank3 provides SBA 7(a) financing with particularly strong presence in TN, MS, TX, KY, AR. 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.
Get your certified valuation from Fair Market Value.