BankAnnapolis
SBA 7(a) Lending Profile · All Time analysis
Geographic Distribution
SBA lending activity for BankAnnapolis by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 2 | $35K | 100.0% |
Why Choose BankAnnapolis?
Based on SBA 7(a) lending track record from 2002-2004
- ✓Proven Track Record: 2 SBA loans approved, totaling $35K in financing
- ✓Industry Expertise: Specialized focus on Caterers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 49 months
- ✓Loan Range: Loan sizes from $10K to $25K, with an average of $18K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
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 BankAnnapolis SBA lending
What types of businesses does BankAnnapolis typically finance?
BankAnnapolis specializes in SBA 7(a) lending to specific industries including caterers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankAnnapolis's typical SBA loan terms?
BankAnnapolis's SBA 7(a) loans typically feature an average interest rate of — and average term length of 49 months (approximately 4 years). Loan sizes range from $10K to $25K, with an average loan size of $18K.
Do I need a business valuation for a BankAnnapolis SBA loan?
Yes, BankAnnapolis 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 BankAnnapolis compare to other SBA lenders?
BankAnnapolis has originated 2 SBA loans totaling $35K since 2002. 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 BankAnnapolis lend in?
BankAnnapolis provides SBA 7(a) financing with particularly strong presence in MD. 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.
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