BankPlus
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by BankPlus
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type | 328 | $427.0M | $1.3M | 43.2% |
| 112310 | Chicken Egg Production | 104 | $81.4M | $783K | 13.7% |
| 722513 | Limited-Service Restaurants | 40 | $7.8M | $196K | 5.3% |
| 335931 | Current-Carrying Wiring Device Manufacturing | 40 | $36.5M | $913K | 5.3% |
| 722511 | Full-Service Restaurants | 24 | $8.3M | $344K | 3.2% |
| 112390 | Other Poultry Production | 16 | $13.4M | $840K | 2.1% |
| 442210 | Floor Covering Stores | 16 | $3.5M | $222K | 2.1% |
| 811111 | General Automotive Repair | 16 | $19.1M | $1.2M | 2.1% |
| 621210 | Offices of Dentists | 16 | $4.8M | $300K | 2.1% |
| 339950 | Sign Manufacturing | 8 | $4.2M | $523K | 1.1% |
Geographic Distribution
SBA lending activity for BankPlus by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 488 | $356.1M | 64.2% |
| Alabama (AL) | 176 | $207.6M | 23.2% |
| Tennessee (TN) | 48 | $95.6M | 6.3% |
| Louisiana (LA) | 16 | $12.2M | 2.1% |
| Florida (FL) | 16 | $4.8M | 2.1% |
| South Carolina (SC) | 8 | $4.5M | 1.1% |
| Michigan (MI) | 8 | $3.4M | 1.1% |
Why Choose BankPlus?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 760 SBA loans approved, totaling $684.2M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type, Chicken Egg Production, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.19% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $900K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in MS, AL, 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 BankPlus SBA lending
What types of businesses does BankPlus typically finance?
BankPlus specializes in SBA 7(a) lending to specific industries including broilers and other meat type, chicken egg production, limited-service restaurants, current-carrying wiring device manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankPlus's typical SBA loan terms?
BankPlus's SBA 7(a) loans typically feature an average interest rate of 6.19% and average term length of 158 months (approximately 13 years). Loan sizes range from $25K to $5.0M, with an average loan size of $900K.
Do I need a business valuation for a BankPlus SBA loan?
Yes, BankPlus 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 BankPlus compare to other SBA lenders?
BankPlus has originated 760 SBA loans totaling $684.2M 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 BankPlus lend in?
BankPlus provides SBA 7(a) financing with particularly strong presence in MS, AL, TN, LA, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.