CentreBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by CentreBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327320 | Ready-Mix Concrete Manufacturing | 2 | $2.1M | $1.1M | 13.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $2.4M | $1.2M | 13.3% |
| 327390 | Other Concrete Product Manufacturing | 2 | $3.4M | $1.7M | 13.3% |
| 334210 | Telephone Apparatus Manufacturing | 1 | $550K | $550K | 6.7% |
| 811111 | General Automotive Repair | 1 | $223K | $223K | 6.7% |
| 811198 | All Other Automotive Repair and Maintenance | 1 | $1.3M | $1.3M | 6.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $600K | $600K | 6.7% |
| 812210 | Funeral Homes and Funeral Services | 1 | $256K | $256K | 6.7% |
Geographic Distribution
SBA lending activity for CentreBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 15 | $12.3M | 100.0% |
Why Choose CentreBank?
Based on SBA 7(a) lending track record from 1998-2022
- ✓Proven Track Record: 15 SBA loans approved, totaling $12.3M in financing
- ✓Industry Expertise: Specialized focus on Ready-Mix Concrete Manufacturing, Coin-Operated Laundries and Drycleaners, Other Concrete Product Manufacturing
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 173 months
- ✓Loan Range: Loan sizes from $99K to $2.7M, with an average of $823K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 CentreBank SBA lending
What types of businesses does CentreBank typically finance?
CentreBank specializes in SBA 7(a) lending to specific industries including ready-mix concrete manufacturing, coin-operated laundries and drycleaners, other concrete product manufacturing, telephone apparatus manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CentreBank's typical SBA loan terms?
CentreBank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 173 months (approximately 14 years). Loan sizes range from $99K to $2.7M, with an average loan size of $823K.
Do I need a business valuation for a CentreBank SBA loan?
Yes, CentreBank 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 CentreBank compare to other SBA lenders?
CentreBank has originated 15 SBA loans totaling $12.3M since 1998. 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 CentreBank lend in?
CentreBank provides SBA 7(a) financing with particularly strong presence in IN. 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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