Buckeye State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Buckeye State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238910 | Site Preparation Contractors | 48 | $11.7M | $243K | 9.8% |
| 484110 | General Freight Trucking, Local | 40 | $9.2M | $229K | 8.2% |
| 722511 | Full-Service Restaurants | 40 | $43.8M | $1.1M | 8.2% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $8.1M | $254K | 6.6% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 24 | $36.4M | $1.5M | 4.9% |
| 812199 | Other Personal Care Services | 16 | $4.4M | $277K | 3.3% |
| 237990 | Other Heavy and Civil Engineering Construction | 16 | $4.8M | $300K | 3.3% |
| 561730 | Landscaping Services | 16 | $5.0M | $313K | 3.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $6.3M | $392K | 3.3% |
| 621310 | Offices of Chiropractors | 16 | $4.4M | $275K | 3.3% |
Geographic Distribution
SBA lending activity for Buckeye State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 448 | $194.8M | 91.8% |
| Michigan (MI) | 32 | $8.4M | 6.6% |
| New York (NY) | 8 | $800K | 1.6% |
Why Choose Buckeye State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 488 SBA loans approved, totaling $204.0M in financing
- ✓Industry Expertise: Specialized focus on Site Preparation Contractors, General Freight Trucking, Local, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.39% with flexible term lengths averaging 138 months
- ✓Loan Range: Loan sizes from $21K to $4.2M, with an average of $418K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in OH, MI, NY
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 Buckeye State Bank SBA lending
What types of businesses does Buckeye State Bank typically finance?
Buckeye State Bank specializes in SBA 7(a) lending to specific industries including site preparation contractors, general freight trucking, local, full-service restaurants, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Buckeye State Bank's typical SBA loan terms?
Buckeye State Bank's SBA 7(a) loans typically feature an average interest rate of 8.39% and average term length of 138 months (approximately 12 years). Loan sizes range from $21K to $4.2M, with an average loan size of $418K.
Do I need a business valuation for a Buckeye State Bank SBA loan?
Yes, Buckeye State 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 Buckeye State Bank compare to other SBA lenders?
Buckeye State Bank has originated 488 SBA loans totaling $204.0M 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 Buckeye State Bank lend in?
Buckeye State Bank provides SBA 7(a) financing with particularly strong presence in OH, MI, NY. 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.
Get your certified valuation from Fair Market Value.