BankAtlantic
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BankAtlantic · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423620 | Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers | 1 | $100K | $100K | 12.5% |
| 621210 | Offices of Dentists | 1 | $1.0M | $1.0M | 12.5% |
Geographic Distribution
SBA lending activity for BankAtlantic by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 8 | $1.9M | 100.0% |
Why Choose BankAtlantic?
Based on SBA 7(a) lending track record from 1994-2009
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $30K to $1.0M, with an average of $238K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 BankAtlantic SBA lending
What types of businesses does BankAtlantic typically finance?
BankAtlantic specializes in SBA 7(a) lending to specific industries including household appliances, electric housewares, and consumer electronics merchant wholesalers, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankAtlantic's typical SBA loan terms?
BankAtlantic's SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 77 months (approximately 6 years). Loan sizes range from $30K to $1.0M, with an average loan size of $238K.
Do I need a business valuation for a BankAtlantic SBA loan?
Yes, BankAtlantic 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 BankAtlantic compare to other SBA lenders?
BankAtlantic has originated 8 SBA loans totaling $1.9M since 1994. 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 BankAtlantic lend in?
BankAtlantic provides SBA 7(a) financing with particularly strong presence in FL. 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.