Busey Bank Florida
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Busey Bank Florida · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $1.0M | $1.0M | 100.0% |
Geographic Distribution
SBA lending activity for Busey Bank Florida by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $1.0M | 100.0% |
Why Choose Busey Bank Florida?
Based on SBA 7(a) lending track record from 2005-2005
- ✓Proven Track Record: 1 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 12 months
- ✓Loan Range: Loan sizes from $1.0M to $1.0M, with an average of $1.0M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Busey Bank Florida SBA lending
What types of businesses does Busey Bank Florida typically finance?
Busey Bank Florida specializes in SBA 7(a) lending to specific industries including electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Busey Bank Florida's typical SBA loan terms?
Busey Bank Florida's SBA 7(a) loans typically feature an average interest rate of — and average term length of 12 months (approximately 1 years). Loan sizes range from $1.0M to $1.0M, with an average loan size of $1.0M.
Do I need a business valuation for a Busey Bank Florida SBA loan?
Yes, Busey Bank Florida 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 Busey Bank Florida compare to other SBA lenders?
Busey Bank Florida has originated 1 SBA loans totaling $1.0M since 2005. 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 Busey Bank Florida lend in?
Busey Bank Florida provides SBA 7(a) financing with particularly strong presence in IL. 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?
Certified valuations are often required for SBA loans over $250,000.
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