Carver State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Carver State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 110 | $21.2M | $192K | 91.7% |
| 722511 | Full-Service Restaurants | 2 | $885K | $442K | 1.7% |
| 624410 | Child Care Services | 1 | $329K | $329K | 0.8% |
| 339115 | Ophthalmic Goods Manufacturing | 1 | $135K | $135K | 0.8% |
| 561612 | Security Guards and Patrol Services | 1 | $100K | $100K | 0.8% |
Geographic Distribution
SBA lending activity for Carver State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 13 | $2.6M | 10.8% |
| New York (NY) | 6 | $2.3M | 5.0% |
| Virginia (VA) | 4 | $1.6M | 3.3% |
| Maryland (MD) | 5 | $1.3M | 4.2% |
| Tennessee (TN) | 10 | $1.2M | 8.3% |
| North Carolina (NC) | 5 | $1.2M | 4.2% |
| Texas (TX) | 8 | $1.2M | 6.7% |
| Arizona (AZ) | 5 | $1.1M | 4.2% |
| Florida (FL) | 4 | $1.0M | 3.3% |
| Colorado (CO) | 4 | $1.0M | 3.3% |
| Louisiana (LA) | 6 | $734K | 5.0% |
| Massachusetts (MA) | 1 | $698K | 0.8% |
| Iowa (IA) | 3 | $649K | 2.5% |
| Ohio (OH) | 5 | $538K | 4.2% |
| Illinois (IL) | 5 | $537K | 4.2% |
| Pennsylvania (PA) | 2 | $536K | 1.7% |
| Oklahoma (OK) | 3 | $496K | 2.5% |
| Nebraska (NE) | 2 | $448K | 1.7% |
| Indiana (IN) | 4 | $428K | 3.3% |
| Kentucky (KY) | 2 | $394K | 1.7% |
| California (CA) | 1 | $387K | 0.8% |
| South Carolina (SC) | 2 | $374K | 1.7% |
| Mississippi (MS) | 3 | $342K | 2.5% |
| Wyoming (WY) | 1 | $323K | 0.8% |
| Idaho (ID) | 3 | $320K | 2.5% |
| Alaska (AK) | 1 | $238K | 0.8% |
| Kansas (KS) | 2 | $226K | 1.7% |
| Oregon (OR) | 2 | $218K | 1.7% |
| Minnesota (MN) | 2 | $210K | 1.7% |
| Nevada (NV) | 2 | $200K | 1.7% |
| New Jersey (NJ) | 1 | $140K | 0.8% |
| Michigan (MI) | 1 | $129K | 0.8% |
| Washington (WA) | 1 | $128K | 0.8% |
| Missouri (MO) | 1 | $108K | 0.8% |
Why Choose Carver State Bank?
Based on SBA 7(a) lending track record from 1991-2019
- ✓Proven Track Record: 120 SBA loans approved, totaling $23.3M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Full-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.96% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $100K to $1.2M, with an average of $194K
- ✓Nationwide Reach: Active lending in 34 states, with strong presence in GA, TN, TX
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 Carver State Bank SBA lending
What types of businesses does Carver State Bank typically finance?
Carver State Bank specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, full-service restaurants, child care services, ophthalmic goods manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carver State Bank's typical SBA loan terms?
Carver State Bank's SBA 7(a) loans typically feature an average interest rate of 6.96% and average term length of 109 months (approximately 9 years). Loan sizes range from $100K to $1.2M, with an average loan size of $194K.
Do I need a business valuation for a Carver State Bank SBA loan?
Yes, Carver State 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 Carver State Bank compare to other SBA lenders?
Carver State Bank has originated 120 SBA loans totaling $23.3M since 1991. 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 Carver State Bank lend in?
Carver State Bank provides SBA 7(a) financing with particularly strong presence in GA, TN, TX, NY, LA. 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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