Branch Banking and Trust Company of Virginia
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Branch Banking and Trust Company of Virginia · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $68K | $68K | 9.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $465K | $465K | 9.1% |
| 624410 | Child Care Services | 1 | $75K | $75K | 9.1% |
| 333111 | Farm Machinery and Equipment Manufacturing | 1 | $475K | $475K | 9.1% |
| 621210 | Offices of Dentists | 1 | $80K | $80K | 9.1% |
Geographic Distribution
SBA lending activity for Branch Banking and Trust Company of Virginia by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 10 | $2.1M | 90.9% |
| North Carolina (NC) | 1 | $140K | 9.1% |
Why Choose Branch Banking and Trust Company of Virginia?
Based on SBA 7(a) lending track record from 2000-2002
- ✓Proven Track Record: 11 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Hotels (except Casino Hotels) and Motels, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $68K to $475K, with an average of $199K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in VA, NC
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 Branch Banking and Trust Company of Virginia SBA lending
What types of businesses does Branch Banking and Trust Company of Virginia typically finance?
Branch Banking and Trust Company of Virginia specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, hotels (except casino hotels) and motels, child care services, farm machinery and equipment manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Branch Banking and Trust Company of Virginia's typical SBA loan terms?
Branch Banking and Trust Company of Virginia's SBA 7(a) loans typically feature an average interest rate of — and average term length of 91 months (approximately 8 years). Loan sizes range from $68K to $475K, with an average loan size of $199K.
Do I need a business valuation for a Branch Banking and Trust Company of Virginia SBA loan?
Yes, Branch Banking and Trust Company of Virginia 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 Branch Banking and Trust Company of Virginia compare to other SBA lenders?
Branch Banking and Trust Company of Virginia has originated 11 SBA loans totaling $2.2M 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 Branch Banking and Trust Company of Virginia lend in?
Branch Banking and Trust Company of Virginia provides SBA 7(a) financing with particularly strong presence in VA, NC. 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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