Carolina Bank & Trust Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Carolina Bank & Trust Co. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $34K | $34K | 12.5% |
Geographic Distribution
SBA lending activity for Carolina Bank & Trust Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 8 | $708K | 100.0% |
Why Choose Carolina Bank & Trust Co.?
Based on SBA 7(a) lending track record from 1995-2000
- ✓Proven Track Record: 8 SBA loans approved, totaling $708K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 55 months
- ✓Loan Range: Loan sizes from $25K to $150K, with an average of $89K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SC
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 Carolina Bank & Trust Co. SBA lending
What types of businesses does Carolina Bank & Trust Co. typically finance?
Carolina Bank & Trust Co. specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carolina Bank & Trust Co.'s typical SBA loan terms?
Carolina Bank & Trust Co.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 55 months (approximately 5 years). Loan sizes range from $25K to $150K, with an average loan size of $89K.
Do I need a business valuation for a Carolina Bank & Trust Co. SBA loan?
Yes, Carolina Bank & Trust Co. 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 Carolina Bank & Trust Co. compare to other SBA lenders?
Carolina Bank & Trust Co. has originated 8 SBA loans totaling $708K since 1995. 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 Carolina Bank & Trust Co. lend in?
Carolina Bank & Trust Co. provides SBA 7(a) financing with particularly strong presence in SC. 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.
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Certified valuations are often required for SBA loans over $250,000.
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