Benefit Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Benefit Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Benefit Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 2 | $300K | 100.0% |
Why Choose Benefit Bank?
Based on SBA 7(a) lending track record from 2000-2000
- ✓Proven Track Record: 2 SBA loans approved, totaling $300K in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $150K to $150K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 Benefit Bank SBA lending
What types of businesses does Benefit Bank typically finance?
Benefit Bank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Benefit Bank's typical SBA loan terms?
Benefit Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 132 months (approximately 11 years). Loan sizes range from $150K to $150K, with an average loan size of $150K.
Do I need a business valuation for a Benefit Bank SBA loan?
Yes, Benefit 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 Benefit Bank compare to other SBA lenders?
Benefit Bank has originated 2 SBA loans totaling $300K 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 Benefit Bank lend in?
Benefit Bank provides SBA 7(a) financing with particularly strong presence in AR. 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.
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