Carter Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Carter Bank & Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 333912 | Air and Gas Compressor Manufacturing | 3 | $1.3M | $428K | 75.0% |
| 311991 | Perishable Prepared Food Manufacturing | 1 | $500K | $500K | 25.0% |
Geographic Distribution
SBA lending activity for Carter Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 3 | $1.3M | 75.0% |
| North Carolina (NC) | 1 | $500K | 25.0% |
Why Choose Carter Bank & Trust?
Based on SBA 7(a) lending track record from 2003-2022
- ✓Proven Track Record: 4 SBA loans approved, totaling $1.8M in financing
- ✓Industry Expertise: Specialized focus on Air and Gas Compressor Manufacturing, Perishable Prepared Food Manufacturing
- ✓Competitive Terms: Average interest rate of 6.25% with flexible term lengths averaging 45 months
- ✓Loan Range: Loan sizes from $133K to $650K, with an average of $446K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in SC, NC
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 Carter Bank & Trust SBA lending
What types of businesses does Carter Bank & Trust typically finance?
Carter Bank & Trust specializes in SBA 7(a) lending to specific industries including air and gas compressor manufacturing, perishable prepared food manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carter Bank & Trust's typical SBA loan terms?
Carter Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.25% and average term length of 45 months (approximately 4 years). Loan sizes range from $133K to $650K, with an average loan size of $446K.
Do I need a business valuation for a Carter Bank & Trust SBA loan?
Yes, Carter Bank & Trust 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 Carter Bank & Trust compare to other SBA lenders?
Carter Bank & Trust has originated 4 SBA loans totaling $1.8M since 2003. 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 Carter Bank & Trust lend in?
Carter Bank & Trust provides SBA 7(a) financing with particularly strong presence in SC, NC. 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.