Central Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Central Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 44 | $13.5M | $307K | 3.4% |
| 621210 | Offices of Dentists | 36 | $13.4M | $373K | 2.8% |
| 812112 | Beauty Salons | 24 | $4.2M | $174K | 1.9% |
| 621310 | Offices of Chiropractors | 21 | $1.9M | $90K | 1.6% |
| 722511 | Full-Service Restaurants | 20 | $11.8M | $591K | 1.5% |
| 561730 | Landscaping Services | 18 | $3.7M | $204K | 1.4% |
| 713940 | Fitness and Recreational Sports Centers | 18 | $6.6M | $366K | 1.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 17 | $8.1M | $479K | 1.3% |
| 238910 | Site Preparation Contractors | 14 | $8.2M | $586K | 1.1% |
| 811111 | General Automotive Repair | 14 | $2.6M | $184K | 1.1% |
Geographic Distribution
SBA lending activity for Central Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 1,014 | $264.0M | 78.4% |
| Florida (FL) | 84 | $93.5M | 6.5% |
| Iowa (IA) | 124 | $51.7M | 9.6% |
| South Dakota (SD) | 14 | $5.7M | 1.1% |
| Minnesota (MN) | 22 | $5.1M | 1.7% |
| South Carolina (SC) | 1 | $5.0M | 0.1% |
| Texas (TX) | 4 | $4.7M | 0.3% |
| Georgia (GA) | 7 | $4.5M | 0.5% |
| Nebraska (NE) | 2 | $3.1M | 0.2% |
| Wisconsin (WI) | 1 | $2.5M | 0.1% |
| New Mexico (NM) | 1 | $1.9M | 0.1% |
| Missouri (MO) | 2 | $1.4M | 0.2% |
| Alabama (AL) | 3 | $967K | 0.2% |
| Tennessee (TN) | 4 | $952K | 0.3% |
| Ohio (OH) | 1 | $875K | 0.1% |
| Arkansas (AR) | 4 | $540K | 0.3% |
| Mississippi (MS) | 1 | $418K | 0.1% |
| Indiana (IN) | 2 | $350K | 0.2% |
| Arizona (AZ) | 1 | $250K | 0.1% |
| Vermont (VT) | 1 | $162K | 0.1% |
| California (CA) | 1 | $134K | 0.1% |
Why Choose Central Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 1,294 SBA loans approved, totaling $447.8M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Offices of Dentists, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.40% with flexible term lengths averaging 117 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $346K
- ✓Nationwide Reach: Active lending in 21 states, with strong presence in UT, IA, FL
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 Central Bank SBA lending
What types of businesses does Central Bank typically finance?
Central Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, offices of dentists, beauty salons, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Central Bank's typical SBA loan terms?
Central Bank's SBA 7(a) loans typically feature an average interest rate of 7.40% and average term length of 117 months (approximately 10 years). Loan sizes range from $5K to $5.0M, with an average loan size of $346K.
Do I need a business valuation for a Central Bank SBA loan?
Yes, Central 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 Central Bank compare to other SBA lenders?
Central Bank has originated 1,294 SBA loans totaling $447.8M 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 Central Bank lend in?
Central Bank provides SBA 7(a) financing with particularly strong presence in UT, IA, FL, MN, SD. 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.
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