BANK360
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BANK360 · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $4.8M | $2.4M | 9.5% |
| 441110 | New Car Dealers | 1 | $2.5M | $2.5M | 4.8% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $65K | $65K | 4.8% |
| 112990 | All Other Animal Production | 1 | $17K | $17K | 4.8% |
| 722513 | Limited-Service Restaurants | 1 | $168K | $168K | 4.8% |
| 312113 | Ice Manufacturing | 1 | $5.0M | $5.0M | 4.8% |
| 541940 | Veterinary Services | 1 | $270K | $270K | 4.8% |
| 812112 | Beauty Salons | 1 | $326K | $326K | 4.8% |
| 621320 | Offices of Optometrists | 1 | $200K | $200K | 4.8% |
Geographic Distribution
SBA lending activity for BANK360 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 20 | $15.1M | 95.2% |
| Texas (TX) | 1 | $100K | 4.8% |
Why Choose BANK360?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 21 SBA loans approved, totaling $15.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, New Car Dealers, Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of 5.98% with flexible term lengths averaging 199 months
- ✓Loan Range: Loan sizes from $16K to $5.0M, with an average of $722K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, 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 BANK360 SBA lending
What types of businesses does BANK360 typically finance?
BANK360 specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, new car dealers, drycleaning and laundry services (except coin-operated), all other animal production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BANK360's typical SBA loan terms?
BANK360's SBA 7(a) loans typically feature an average interest rate of 5.98% and average term length of 199 months (approximately 17 years). Loan sizes range from $16K to $5.0M, with an average loan size of $722K.
Do I need a business valuation for a BANK360 SBA loan?
Yes, BANK360 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 BANK360 compare to other SBA lenders?
BANK360 has originated 21 SBA loans totaling $15.2M since 1991. 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 BANK360 lend in?
BANK360 provides SBA 7(a) financing with particularly strong presence in OK, TX. 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.