Barrington Bank & Trust Company, National Association
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Barrington Bank & Trust Company, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 32 | $43.6M | $1.4M | 9.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $7.8M | $326K | 6.8% |
| 812990 | All Other Personal Services | 16 | $5.4M | $337K | 4.5% |
| 561730 | Landscaping Services | 16 | $7.9M | $495K | 4.5% |
| 722320 | Caterers | 16 | $6.4M | $403K | 4.5% |
| 541512 | Computer Systems Design Services | 16 | $11.4M | $711K | 4.5% |
| 332813 | Electroplating, Plating, Polishing, Anodizing, and Coloring | 16 | $10.3M | $643K | 4.5% |
| 811111 | General Automotive Repair | 16 | $40.4M | $2.5M | 4.5% |
| 333248 | Other | 16 | $10.3M | $641K | 4.5% |
| 541310 | Architectural Services | 16 | $3.0M | $188K | 4.5% |
Geographic Distribution
SBA lending activity for Barrington Bank & Trust Company, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 352 | $261.7M | 100.0% |
Why Choose Barrington Bank & Trust Company, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 352 SBA loans approved, totaling $261.7M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Plumbing, Heating, and Air-Conditioning Contractors, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 7.46% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $100K to $3.1M, with an average of $743K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Barrington Bank & Trust Company, National Association SBA lending
What types of businesses does Barrington Bank & Trust Company, National Association typically finance?
Barrington Bank & Trust Company, National Association specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, plumbing, heating, and air-conditioning contractors, all other personal services, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Barrington Bank & Trust Company, National Association's typical SBA loan terms?
Barrington Bank & Trust Company, National Association's SBA 7(a) loans typically feature an average interest rate of 7.46% and average term length of 131 months (approximately 11 years). Loan sizes range from $100K to $3.1M, with an average loan size of $743K.
Do I need a business valuation for a Barrington Bank & Trust Company, National Association SBA loan?
Yes, Barrington Bank & Trust Company, National Association 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 Barrington Bank & Trust Company, National Association compare to other SBA lenders?
Barrington Bank & Trust Company, National Association has originated 352 SBA loans totaling $261.7M 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 Barrington Bank & Trust Company, National Association lend in?
Barrington Bank & Trust Company, National Association provides SBA 7(a) financing with particularly strong presence in IL. 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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