Bank7
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Bank7
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $9.7M | $303K | 12.1% |
| 621210 | Offices of Dentists | 24 | $30.5M | $1.3M | 9.1% |
| 722511 | Full-Service Restaurants | 16 | $4.0M | $250K | 6.1% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 16 | $589K | $37K | 6.1% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $5.8M | $361K | 6.1% |
| 323113 | Commercial Screen Printing | 16 | $989K | $62K | 6.1% |
| 459999 | Other | 16 | $11.2M | $698K | 6.1% |
| 337212 | Custom Architectural Woodwork and Millwork Manufacturing | 16 | $840K | $53K | 6.1% |
| 812112 | Beauty Salons | 8 | $102K | $13K | 3.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $868K | $109K | 3.0% |
Geographic Distribution
SBA lending activity for Bank7 by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 216 | $55.4M | 81.8% |
| Texas (TX) | 32 | $36.6M | 12.1% |
| Tennessee (TN) | 16 | $27.7M | 6.1% |
Why Choose Bank7?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 264 SBA loans approved, totaling $119.7M in financing
- ✓Industry Expertise: Specialized focus on Snack and Nonalcoholic Beverage Bars, Offices of Dentists, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.77% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $13K to $2.7M, with an average of $453K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in OK, TX, TN
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 Bank7 SBA lending
What types of businesses does Bank7 typically finance?
Bank7 specializes in SBA 7(a) lending to specific industries including snack and nonalcoholic beverage bars, offices of dentists, full-service restaurants, other miscellaneous durable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank7's typical SBA loan terms?
Bank7's SBA 7(a) loans typically feature an average interest rate of 6.77% and average term length of 114 months (approximately 10 years). Loan sizes range from $13K to $2.7M, with an average loan size of $453K.
Do I need a business valuation for a Bank7 SBA loan?
Yes, Bank7 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 Bank7 compare to other SBA lenders?
Bank7 has originated 264 SBA loans totaling $119.7M 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 Bank7 lend in?
Bank7 provides SBA 7(a) financing with particularly strong presence in OK, TX, TN. 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.