Blue Sky Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Blue Sky Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 453110 | Florists | 16 | $3.0M | $190K | 20.0% |
| 722511 | Full-Service Restaurants | 8 | $1.4M | $174K | 10.0% |
| 448120 | Women's Clothing Stores | 8 | $984K | $123K | 10.0% |
| 332812 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied S | 8 | $1.2M | $152K | 10.0% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 8 | $8.0M | $1.0M | 10.0% |
| 811192 | Car Washes | 8 | $8.0M | $1.0M | 10.0% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 8 | $432K | $54K | 10.0% |
| 211120 | Other | 8 | $15.6M | $1.9M | 10.0% |
| 611692 | Automobile Driving Schools | 8 | $2.0M | $256K | 10.0% |
Geographic Distribution
SBA lending activity for Blue Sky Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 72 | $25.1M | 90.0% |
| Texas (TX) | 8 | $15.6M | 10.0% |
Why Choose Blue Sky Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $40.7M in financing
- ✓Industry Expertise: Specialized focus on Florists, Full-Service Restaurants, Women's Clothing Stores
- ✓Competitive Terms: Average interest rate of 6.33% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $54K to $1.9M, with an average of $509K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, TX
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 Sky Bank SBA lending
What types of businesses does Blue Sky Bank typically finance?
Blue Sky Bank specializes in SBA 7(a) lending to specific industries including florists, full-service restaurants, women's clothing stores, metal coating, engraving (except jewelry and silverware), and allied s. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Blue Sky Bank's typical SBA loan terms?
Blue Sky Bank's SBA 7(a) loans typically feature an average interest rate of 6.33% and average term length of 141 months (approximately 12 years). Loan sizes range from $54K to $1.9M, with an average loan size of $509K.
Do I need a business valuation for a Blue Sky Bank SBA loan?
Yes, Blue Sky 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 Blue Sky Bank compare to other SBA lenders?
Blue Sky Bank has originated 80 SBA loans totaling $40.7M 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 Blue Sky Bank lend in?
Blue Sky Bank provides SBA 7(a) financing with particularly strong presence in OK, TX. 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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