Burke & Herbert Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Burke & Herbert Bank & Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 8 | $6.0M | $745K | 20.0% |
| 111419 | Other Food Crops Grown Under Cover | 8 | $2.1M | $268K | 20.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $2.8M | $349K | 20.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $3.0M | $371K | 20.0% |
| 811210 | Other | 8 | $2.4M | $300K | 20.0% |
Geographic Distribution
SBA lending activity for Burke & Herbert Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 16 | $8.9M | 40.0% |
| Virginia (VA) | 16 | $4.5M | 40.0% |
| Delaware (DE) | 8 | $2.8M | 20.0% |
Why Choose Burke & Herbert Bank & Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $16.3M in financing
- ✓Industry Expertise: Specialized focus on Promoters of Performing Arts, Sports, and Similar Events with Faciliti, Other Food Crops Grown Under Cover, Offices of Physical, Occupational and Speech Therapists, and Audiologi
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 192 months
- ✓Loan Range: Loan sizes from $268K to $745K, with an average of $407K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in KY, VA, DE
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 Burke & Herbert Bank & Trust Company SBA lending
What types of businesses does Burke & Herbert Bank & Trust Company typically finance?
Burke & Herbert Bank & Trust Company specializes in SBA 7(a) lending to specific industries including promoters of performing arts, sports, and similar events with faciliti, other food crops grown under cover, offices of physical, occupational and speech therapists, and audiologi, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Burke & Herbert Bank & Trust Company's typical SBA loan terms?
Burke & Herbert Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 192 months (approximately 16 years). Loan sizes range from $268K to $745K, with an average loan size of $407K.
Do I need a business valuation for a Burke & Herbert Bank & Trust Company SBA loan?
Yes, Burke & Herbert Bank & Trust Company 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 Burke & Herbert Bank & Trust Company compare to other SBA lenders?
Burke & Herbert Bank & Trust Company has originated 40 SBA loans totaling $16.3M 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 Burke & Herbert Bank & Trust Company lend in?
Burke & Herbert Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in KY, VA, DE. 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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