Byron Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Byron Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $873K | $436K | 18.2% |
| 812112 | Beauty Salons | 1 | $50K | $50K | 9.1% |
| 624410 | Child Care Services | 1 | $130K | $130K | 9.1% |
| 812990 | All Other Personal Services | 1 | $170K | $170K | 9.1% |
| 312130 | Wineries | 1 | $147K | $147K | 9.1% |
| 238350 | Finish Carpentry Contractors | 1 | $387K | $387K | 9.1% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $179K | $179K | 9.1% |
| 621310 | Offices of Chiropractors | 1 | $22K | $22K | 9.1% |
Geographic Distribution
SBA lending activity for Byron Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 11 | $2.2M | 100.0% |
Why Choose Byron Bank?
Based on SBA 7(a) lending track record from 1996-2013
- ✓Proven Track Record: 11 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Beauty Salons, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.67% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $22K to $743K, with an average of $196K
- ✓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 Byron Bank SBA lending
What types of businesses does Byron Bank typically finance?
Byron Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, beauty salons, child care services, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Byron Bank's typical SBA loan terms?
Byron Bank's SBA 7(a) loans typically feature an average interest rate of 5.67% and average term length of 116 months (approximately 10 years). Loan sizes range from $22K to $743K, with an average loan size of $196K.
Do I need a business valuation for a Byron Bank SBA loan?
Yes, Byron 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 Byron Bank compare to other SBA lenders?
Byron Bank has originated 11 SBA loans totaling $2.2M since 1996. 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 Byron Bank lend in?
Byron Bank 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.
Get your certified valuation from Fair Market Value.