Centennial Bank of the West
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Centennial Bank of the West · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $29K | $29K | 4.0% |
| 624410 | Child Care Services | 1 | $95K | $95K | 4.0% |
| 541511 | Custom Computer Programming Services | 1 | $15K | $15K | 4.0% |
| 621210 | Offices of Dentists | 1 | $95K | $95K | 4.0% |
| 541940 | Veterinary Services | 1 | $30K | $30K | 4.0% |
| 327211 | Flat Glass Manufacturing | 1 | $115K | $115K | 4.0% |
Geographic Distribution
SBA lending activity for Centennial Bank of the West by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 24 | $2.1M | 96.0% |
| Oklahoma (OK) | 1 | $95K | 4.0% |
Why Choose Centennial Bank of the West?
Based on SBA 7(a) lending track record from 1991-1997
- ✓Proven Track Record: 25 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Child Care Services, Custom Computer Programming Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 81 months
- ✓Loan Range: Loan sizes from $6K to $450K, with an average of $89K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CO, OK
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 Centennial Bank of the West SBA lending
What types of businesses does Centennial Bank of the West typically finance?
Centennial Bank of the West specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, child care services, custom computer programming services, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Centennial Bank of the West's typical SBA loan terms?
Centennial Bank of the West's SBA 7(a) loans typically feature an average interest rate of — and average term length of 81 months (approximately 7 years). Loan sizes range from $6K to $450K, with an average loan size of $89K.
Do I need a business valuation for a Centennial Bank of the West SBA loan?
Yes, Centennial Bank of the West 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 Centennial Bank of the West compare to other SBA lenders?
Centennial Bank of the West has originated 25 SBA loans totaling $2.2M 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 Centennial Bank of the West lend in?
Centennial Bank of the West provides SBA 7(a) financing with particularly strong presence in CO, OK. 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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