Blue Ridge Bank National Association
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Blue Ridge Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 56 | $32.0M | $572K | 6.6% |
| 541611 | Administrative Management and General Management Consulting Services | 48 | $44.8M | $934K | 5.7% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $16.3M | $406K | 4.7% |
| 312120 | Breweries | 32 | $45.0M | $1.4M | 3.8% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $20.8M | $649K | 3.8% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 32 | $20.7M | $647K | 3.8% |
| 812910 | Pet Care (except Veterinary) Services | 24 | $19.9M | $828K | 2.8% |
| 238210 | Electrical Contractors | 24 | $43.8M | $1.8M | 2.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $11.2M | $467K | 2.8% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 24 | $15.7M | $654K | 2.8% |
Geographic Distribution
SBA lending activity for Blue Ridge Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 232 | $271.8M | 27.4% |
| North Carolina (NC) | 104 | $126.5M | 12.3% |
| California (CA) | 88 | $64.4M | 10.4% |
| Colorado (CO) | 56 | $63.9M | 6.6% |
| Texas (TX) | 24 | $51.7M | 2.8% |
| Nebraska (NE) | 24 | $50.0M | 2.8% |
| Georgia (GA) | 64 | $43.4M | 7.5% |
| Utah (UT) | 8 | $40.0M | 0.9% |
| Alaska (AK) | 24 | $33.2M | 2.8% |
| Florida (FL) | 56 | $24.4M | 6.6% |
| Arizona (AZ) | 16 | $23.4M | 1.9% |
| Illinois (IL) | 24 | $20.8M | 2.8% |
| New York (NY) | 16 | $14.8M | 1.9% |
| Pennsylvania (PA) | 32 | $14.5M | 3.8% |
| Massachusetts (MA) | 8 | $13.3M | 0.9% |
| South Carolina (SC) | 24 | $12.8M | 2.8% |
| New Jersey (NJ) | 8 | $10.5M | 0.9% |
| Delaware (DE) | 8 | $3.7M | 0.9% |
| New Mexico (NM) | 8 | $3.2M | 0.9% |
| Montana (MT) | 8 | $3.2M | 0.9% |
| Wyoming (WY) | 8 | $2.8M | 0.9% |
| West Virginia (WV) | 8 | $40K | 0.9% |
Why Choose Blue Ridge Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 848 SBA loans approved, totaling $892.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Administrative Management and General Management Consulting Services, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 7.40% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 22 states, with strong presence in VA, NC, CA
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 Blue Ridge Bank National Association SBA lending
What types of businesses does Blue Ridge Bank National Association typically finance?
Blue Ridge Bank National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, administrative management and general management consulting services, fitness and recreational sports centers, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Blue Ridge Bank National Association's typical SBA loan terms?
Blue Ridge Bank National Association's SBA 7(a) loans typically feature an average interest rate of 7.40% and average term length of 162 months (approximately 14 years). Loan sizes range from $5K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Blue Ridge Bank National Association SBA loan?
Yes, Blue Ridge Bank 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 Blue Ridge Bank National Association compare to other SBA lenders?
Blue Ridge Bank National Association has originated 848 SBA loans totaling $892.3M 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 Blue Ridge Bank National Association lend in?
Blue Ridge Bank National Association provides SBA 7(a) financing with particularly strong presence in VA, NC, CA, GA, CO. 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.
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