BankOkolona
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BankOkolona · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541110 | Offices of Lawyers | 2 | $100K | $50K | 11.1% |
| 112310 | Chicken Egg Production | 1 | $1.7M | $1.7M | 5.6% |
| 323113 | Commercial Screen Printing | 1 | $150K | $150K | 5.6% |
| 333912 | Air and Gas Compressor Manufacturing | 1 | $150K | $150K | 5.6% |
Geographic Distribution
SBA lending activity for BankOkolona by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 18 | $3.7M | 100.0% |
Why Choose BankOkolona?
Based on SBA 7(a) lending track record from 2000-2010
- ✓Proven Track Record: 18 SBA loans approved, totaling $3.7M in financing
- ✓Industry Expertise: Specialized focus on Offices of Lawyers, Chicken Egg Production, Commercial Screen Printing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $40K to $1.7M, with an average of $207K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 BankOkolona SBA lending
What types of businesses does BankOkolona typically finance?
BankOkolona specializes in SBA 7(a) lending to specific industries including offices of lawyers, chicken egg production, commercial screen printing, air and gas compressor manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankOkolona's typical SBA loan terms?
BankOkolona's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 99 months (approximately 8 years). Loan sizes range from $40K to $1.7M, with an average loan size of $207K.
Do I need a business valuation for a BankOkolona SBA loan?
Yes, BankOkolona 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 BankOkolona compare to other SBA lenders?
BankOkolona has originated 18 SBA loans totaling $3.7M since 2000. 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 BankOkolona lend in?
BankOkolona provides SBA 7(a) financing with particularly strong presence in MS. 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.