BankOrion
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by BankOrion
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 447110 | Gasoline Stations with Convenience Stores | 16 | $2.9M | $179K | 50.0% |
| 722511 | Full-Service Restaurants | 8 | $1.4M | $180K | 25.0% |
| 423140 | Motor Vehicle Parts (Used) Merchant Wholesalers | 8 | $1.8M | $222K | 25.0% |
Geographic Distribution
SBA lending activity for BankOrion by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 16 | $3.2M | 50.0% |
| Illinois (IL) | 16 | $2.9M | 50.0% |
Why Choose BankOrion?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $6.1M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores, Full-Service Restaurants, Motor Vehicle Parts (Used) Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.44% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $42K to $315K, with an average of $190K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, IA
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 BankOrion SBA lending
What types of businesses does BankOrion typically finance?
BankOrion specializes in SBA 7(a) lending to specific industries including gasoline stations with convenience stores, full-service restaurants, motor vehicle parts (used) merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankOrion's typical SBA loan terms?
BankOrion's SBA 7(a) loans typically feature an average interest rate of 6.44% and average term length of 120 months (approximately 10 years). Loan sizes range from $42K to $315K, with an average loan size of $190K.
Do I need a business valuation for a BankOrion SBA loan?
Yes, BankOrion 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 BankOrion compare to other SBA lenders?
BankOrion has originated 32 SBA loans totaling $6.1M 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 BankOrion lend in?
BankOrion provides SBA 7(a) financing with particularly strong presence in IL, IA. 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.
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