CenTrust Bank, A Division of SmartBiz Bank National Associat
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by CenTrust Bank, A Division of SmartBiz Bank National Associat
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 232 | $44.8M | $193K | 4.5% |
| 722513 | Limited-Service Restaurants | 216 | $91.7M | $425K | 4.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 152 | $39.2M | $258K | 2.9% |
| 811111 | General Automotive Repair | 144 | $60.3M | $419K | 2.8% |
| 238990 | All Other Specialty Trade Contractors | 136 | $72.0M | $530K | 2.6% |
| 722511 | Full-Service Restaurants | 136 | $113.1M | $832K | 2.6% |
| 812113 | Nail Salons | 128 | $21.8M | $171K | 2.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 104 | $26.4M | $254K | 2.0% |
| 524210 | Insurance Agencies and Brokerages | 96 | $18.4M | $192K | 1.9% |
| 541511 | Custom Computer Programming Services | 80 | $17.4M | $217K | 1.5% |
Geographic Distribution
SBA lending activity for CenTrust Bank, A Division of SmartBiz Bank National Associat by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 880 | $821.1M | 17.0% |
| California (CA) | 704 | $136.5M | 13.6% |
| Wisconsin (WI) | 152 | $130.6M | 2.9% |
| Florida (FL) | 560 | $108.7M | 10.8% |
| Texas (TX) | 360 | $63.3M | 6.9% |
| New York (NY) | 320 | $62.8M | 6.2% |
| Indiana (IN) | 56 | $38.7M | 1.1% |
| Georgia (GA) | 184 | $34.9M | 3.5% |
| Virginia (VA) | 192 | $34.4M | 3.7% |
| Colorado (CO) | 104 | $33.0M | 2.0% |
| North Carolina (NC) | 168 | $33.0M | 3.2% |
| Michigan (MI) | 80 | $32.9M | 1.5% |
| Arizona (AZ) | 120 | $22.9M | 2.3% |
| Washington (WA) | 96 | $22.3M | 1.9% |
| Maryland (MD) | 112 | $21.8M | 2.2% |
| Alabama (AL) | 32 | $21.2M | 0.6% |
| Pennsylvania (PA) | 112 | $18.2M | 2.2% |
| Ohio (OH) | 72 | $15.3M | 1.4% |
| New Jersey (NJ) | 80 | $13.2M | 1.5% |
| Tennessee (TN) | 64 | $12.7M | 1.2% |
| Oregon (OR) | 56 | $12.3M | 1.1% |
| Missouri (MO) | 72 | $11.6M | 1.4% |
| South Carolina (SC) | 64 | $10.8M | 1.2% |
| Minnesota (MN) | 64 | $9.8M | 1.2% |
| Massachusetts (MA) | 64 | $8.7M | 1.2% |
| Nevada (NV) | 32 | $7.4M | 0.6% |
| Kansas (KS) | 32 | $6.9M | 0.6% |
| Louisiana (LA) | 32 | $6.4M | 0.6% |
| Utah (UT) | 40 | $6.4M | 0.8% |
| Connecticut (CT) | 32 | $6.0M | 0.6% |
| Oklahoma (OK) | 24 | $5.2M | 0.5% |
| New Mexico (NM) | 24 | $5.2M | 0.5% |
| District of Columbia (DC) | 24 | $4.8M | 0.5% |
| Rhode Island (RI) | 16 | $4.8M | 0.3% |
| Montana (MT) | 24 | $3.8M | 0.5% |
| Kentucky (KY) | 16 | $3.6M | 0.3% |
| Nebraska (NE) | 32 | $3.6M | 0.6% |
| Alaska (AK) | 16 | $2.8M | 0.3% |
| Mississippi (MS) | 8 | $2.8M | 0.2% |
| South Dakota (SD) | 16 | $2.4M | 0.3% |
| Vermont (VT) | 8 | $1.2M | 0.2% |
| New Hampshire (NH) | 8 | $1.2M | 0.2% |
| Idaho (ID) | 8 | $1.2M | 0.2% |
| Hawaii (HI) | 8 | $1.2M | 0.2% |
| Delaware (DE) | 8 | $1.2M | 0.2% |
| Iowa (IA) | 8 | $960K | 0.2% |
Why Choose CenTrust Bank, A Division of SmartBiz Bank National Associat?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 5,184 SBA loans approved, totaling $1.81B in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, Limited-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 10.88% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $349K
- ✓Nationwide Reach: Active lending in 46 states, with strong presence in IL, CA, 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 CenTrust Bank, A Division of SmartBiz Bank National Associat SBA lending
What types of businesses does CenTrust Bank, A Division of SmartBiz Bank National Associat typically finance?
CenTrust Bank, A Division of SmartBiz Bank National Associat specializes in SBA 7(a) lending to specific industries including residential remodelers, limited-service restaurants, plumbing, heating, and air-conditioning contractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CenTrust Bank, A Division of SmartBiz Bank National Associat's typical SBA loan terms?
CenTrust Bank, A Division of SmartBiz Bank National Associat's SBA 7(a) loans typically feature an average interest rate of 10.88% and average term length of 130 months (approximately 11 years). Loan sizes range from $50K to $5.0M, with an average loan size of $349K.
Do I need a business valuation for a CenTrust Bank, A Division of SmartBiz Bank National Associat SBA loan?
Yes, CenTrust Bank, A Division of SmartBiz Bank National Associat 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 CenTrust Bank, A Division of SmartBiz Bank National Associat compare to other SBA lenders?
CenTrust Bank, A Division of SmartBiz Bank National Associat has originated 5,184 SBA loans totaling $1.81B since 2020. 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 CenTrust Bank, A Division of SmartBiz Bank National Associat lend in?
CenTrust Bank, A Division of SmartBiz Bank National Associat provides SBA 7(a) financing with particularly strong presence in IL, CA, FL, TX, NY. 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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