BANK360
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by BANK360
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 16 | $38.4M | $2.4M | 28.6% |
| 621320 | Offices of Optometrists | 8 | $1.6M | $200K | 14.3% |
| 812112 | Beauty Salons | 8 | $2.6M | $326K | 14.3% |
| 523930 | Investment Advice | 8 | $3.7M | $467K | 14.3% |
| 541940 | Veterinary Services | 8 | $2.2M | $270K | 14.3% |
| 445120 | Convenience Stores | 8 | $5.1M | $640K | 14.3% |
Geographic Distribution
SBA lending activity for BANK360 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 56 | $53.6M | 100.0% |
Why Choose BANK360?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $53.6M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Offices of Optometrists, Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.21% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $200K to $2.4M, with an average of $957K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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, offices of optometrists, beauty salons, investment advice. 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 6.21% and average term length of 240 months (approximately 20 years). Loan sizes range from $200K to $2.4M, with an average loan size of $957K.
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 56 SBA loans totaling $53.6M 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 BANK360 lend in?
BANK360 provides SBA 7(a) financing with particularly strong presence in OK. 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.