Beacon Community Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Beacon Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 16 | $2.5M | $154K | 16.7% |
| 722513 | Limited-Service Restaurants | 8 | $2.9M | $360K | 8.3% |
| 541490 | Other Specialized Design Services | 8 | $2.8M | $350K | 8.3% |
| 238210 | Electrical Contractors | 8 | $1.6M | $200K | 8.3% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $4.7M | $584K | 8.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $3.6M | $450K | 8.3% |
| 722310 | Food Service Contractors | 8 | $10.9M | $1.4M | 8.3% |
| 445240 | Other | 8 | $11.5M | $1.4M | 8.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $3.2M | $400K | 8.3% |
| 722511 | Full-Service Restaurants | 8 | $4.8M | $600K | 8.3% |
Geographic Distribution
SBA lending activity for Beacon Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 80 | $37.4M | 83.3% |
| Georgia (GA) | 8 | $11.5M | 8.3% |
| North Carolina (NC) | 8 | $3.2M | 8.3% |
Why Choose Beacon Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $52.1M in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Limited-Service Restaurants, Other Specialized Design Services
- ✓Competitive Terms: Average interest rate of 10.25% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $100K to $1.4M, with an average of $542K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SC, NC, GA
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 Beacon Community Bank SBA lending
What types of businesses does Beacon Community Bank typically finance?
Beacon Community Bank specializes in SBA 7(a) lending to specific industries including other personal care services, limited-service restaurants, other specialized design services, electrical contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Beacon Community Bank's typical SBA loan terms?
Beacon Community Bank's SBA 7(a) loans typically feature an average interest rate of 10.25% and average term length of 137 months (approximately 11 years). Loan sizes range from $100K to $1.4M, with an average loan size of $542K.
Do I need a business valuation for a Beacon Community Bank SBA loan?
Yes, Beacon Community Bank 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 Beacon Community Bank compare to other SBA lenders?
Beacon Community Bank has originated 96 SBA loans totaling $52.1M 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 Beacon Community Bank lend in?
Beacon Community Bank provides SBA 7(a) financing with particularly strong presence in SC, NC, GA. 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.