BOM Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by BOM Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.4M | $170K | 20.0% |
| 812210 | Funeral Homes and Funeral Services | 8 | $11.6M | $1.4M | 20.0% |
| 441120 | Used Car Dealers | 8 | $18.0M | $2.3M | 20.0% |
| 624410 | Child Day Care Services | 8 | $18.6M | $2.3M | 20.0% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 8 | $3.4M | $420K | 20.0% |
Geographic Distribution
SBA lending activity for BOM Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 24 | $33.6M | 60.0% |
| Texas (TX) | 16 | $19.4M | 40.0% |
Why Choose BOM Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $52.9M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Funeral Homes and Funeral Services, Used Car Dealers
- ✓Competitive Terms: Average interest rate of 10.05% with flexible term lengths averaging 264 months
- ✓Loan Range: Loan sizes from $170K to $2.3M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in LA, 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 BOM Bank SBA lending
What types of businesses does BOM Bank typically finance?
BOM Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, funeral homes and funeral services, used car dealers, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BOM Bank's typical SBA loan terms?
BOM Bank's SBA 7(a) loans typically feature an average interest rate of 10.05% and average term length of 264 months (approximately 22 years). Loan sizes range from $170K to $2.3M, with an average loan size of $1.3M.
Do I need a business valuation for a BOM Bank SBA loan?
Yes, BOM 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 BOM Bank compare to other SBA lenders?
BOM Bank has originated 40 SBA loans totaling $52.9M 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 BOM Bank lend in?
BOM Bank provides SBA 7(a) financing with particularly strong presence in LA, 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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