Cardinal Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cardinal Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $350K | $175K | 10.0% |
| 926150 | Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors | 1 | $250K | $250K | 5.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $150K | $150K | 5.0% |
| 621210 | Offices of Dentists | 1 | $260K | $260K | 5.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $150K | $150K | 5.0% |
| 323113 | Commercial Screen Printing | 1 | $150K | $150K | 5.0% |
| 561510 | Travel Agencies | 1 | $225K | $225K | 5.0% |
| 561421 | Telephone Answering Services | 1 | $50K | $50K | 5.0% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 1 | $150K | $150K | 5.0% |
Geographic Distribution
SBA lending activity for Cardinal Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 20 | $4.8M | 100.0% |
Why Choose Cardinal Bank?
Based on SBA 7(a) lending track record from 1992-2002
- ✓Proven Track Record: 20 SBA loans approved, totaling $4.8M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, General Freight Trucking, Long-Distance, Truckload
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 80 months
- ✓Loan Range: Loan sizes from $50K to $1.0M, with an average of $239K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VA
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 Cardinal Bank SBA lending
What types of businesses does Cardinal Bank typically finance?
Cardinal Bank specializes in SBA 7(a) lending to specific industries including beauty salons, regulation, licensing, and inspection of miscellaneous commercial sectors, general freight trucking, long-distance, truckload, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cardinal Bank's typical SBA loan terms?
Cardinal Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 80 months (approximately 7 years). Loan sizes range from $50K to $1.0M, with an average loan size of $239K.
Do I need a business valuation for a Cardinal Bank SBA loan?
Yes, Cardinal 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 Cardinal Bank compare to other SBA lenders?
Cardinal Bank has originated 20 SBA loans totaling $4.8M since 1992. 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 Cardinal Bank lend in?
Cardinal Bank provides SBA 7(a) financing with particularly strong presence in VA. 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.