CenTrust Bank, A Division of SmartBiz Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by CenTrust Bank, A Division of SmartBiz Bank National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 66 | $12.2M | $185K | 4.9% |
| 722513 | Limited-Service Restaurants | 45 | $20.4M | $452K | 3.3% |
| 722511 | Full-Service Restaurants | 40 | $21.3M | $534K | 3.0% |
| 238990 | All Other Specialty Trade Contractors | 37 | $13.7M | $370K | 2.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 34 | $8.8M | $258K | 2.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 26 | $6.2M | $238K | 1.9% |
| 812113 | Nail Salons | 25 | $4.2M | $167K | 1.9% |
| 524210 | Insurance Agencies and Brokerages | 24 | $5.4M | $223K | 1.8% |
| 811111 | General Automotive Repair | 24 | $10.1M | $422K | 1.8% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 22 | $8.3M | $375K | 1.6% |
Geographic Distribution
SBA lending activity for CenTrust Bank, A Division of SmartBiz Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 227 | $206.5M | 16.9% |
| California (CA) | 188 | $37.4M | 14.0% |
| Florida (FL) | 143 | $28.0M | 10.6% |
| Wisconsin (WI) | 31 | $20.3M | 2.3% |
| Texas (TX) | 106 | $19.5M | 7.9% |
| New York (NY) | 78 | $14.9M | 5.8% |
| Colorado (CO) | 35 | $8.1M | 2.6% |
| Indiana (IN) | 16 | $7.4M | 1.2% |
| North Carolina (NC) | 37 | $7.2M | 2.8% |
| Georgia (GA) | 37 | $6.9M | 2.8% |
| Virginia (VA) | 39 | $6.7M | 2.9% |
| Washington (WA) | 30 | $6.3M | 2.2% |
| Michigan (MI) | 21 | $6.2M | 1.6% |
| Pennsylvania (PA) | 29 | $5.7M | 2.2% |
| New Jersey (NJ) | 27 | $5.3M | 2.0% |
| Ohio (OH) | 21 | $4.8M | 1.6% |
| Alabama (AL) | 15 | $4.7M | 1.1% |
| Maryland (MD) | 22 | $4.3M | 1.6% |
| Arizona (AZ) | 22 | $4.3M | 1.6% |
| Missouri (MO) | 20 | $3.5M | 1.5% |
| Connecticut (CT) | 12 | $3.2M | 0.9% |
| Oregon (OR) | 15 | $2.9M | 1.1% |
| Tennessee (TN) | 17 | $2.9M | 1.3% |
| Minnesota (MN) | 14 | $2.7M | 1.0% |
| South Carolina (SC) | 13 | $2.4M | 1.0% |
| Utah (UT) | 14 | $2.3M | 1.0% |
| Nevada (NV) | 11 | $2.3M | 0.8% |
| Massachusetts (MA) | 13 | $2.2M | 1.0% |
| Oklahoma (OK) | 8 | $1.6M | 0.6% |
| Kansas (KS) | 8 | $1.5M | 0.6% |
| Kentucky (KY) | 9 | $1.5M | 0.7% |
| Louisiana (LA) | 8 | $1.3M | 0.6% |
| Rhode Island (RI) | 5 | $1.3M | 0.4% |
| Iowa (IA) | 5 | $1.2M | 0.4% |
| New Mexico (NM) | 5 | $1.1M | 0.4% |
| Nebraska (NE) | 8 | $965K | 0.6% |
| Idaho (ID) | 4 | $800K | 0.3% |
| Delaware (DE) | 4 | $800K | 0.3% |
| Arkansas (AR) | 4 | $760K | 0.3% |
| Hawaii (HI) | 4 | $755K | 0.3% |
| District of Columbia (DC) | 4 | $743K | 0.3% |
| Montana (MT) | 4 | $630K | 0.3% |
| Alaska (AK) | 3 | $500K | 0.2% |
| Mississippi (MS) | 2 | $492K | 0.1% |
| South Dakota (SD) | 2 | $300K | 0.1% |
| New Hampshire (NH) | 1 | $150K | 0.1% |
| Wyoming (WY) | 1 | $150K | 0.1% |
| West Virginia (WV) | 1 | $150K | 0.1% |
| Vermont (VT) | 1 | $150K | 0.1% |
| Maine (ME) | 1 | $85K | 0.1% |
Why Choose CenTrust Bank, A Division of SmartBiz Bank National Association?
Based on SBA 7(a) lending track record from 2015-2026
- ✓Proven Track Record: 1,345 SBA loans approved, totaling $446.1M in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, Limited-Service Restaurants, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 10.54% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $332K
- ✓Nationwide Reach: Active lending in 50 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 Association SBA lending
What types of businesses does CenTrust Bank, A Division of SmartBiz Bank National Association typically finance?
CenTrust Bank, A Division of SmartBiz Bank National Association specializes in SBA 7(a) lending to specific industries including residential remodelers, limited-service restaurants, full-service restaurants, all other specialty trade contractors. 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 Association's typical SBA loan terms?
CenTrust Bank, A Division of SmartBiz Bank National Association's SBA 7(a) loans typically feature an average interest rate of 10.54% and average term length of 127 months (approximately 11 years). Loan sizes range from $50K to $5.0M, with an average loan size of $332K.
Do I need a business valuation for a CenTrust Bank, A Division of SmartBiz Bank National Association SBA loan?
Yes, CenTrust Bank, A Division of SmartBiz Bank National Association 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 Association compare to other SBA lenders?
CenTrust Bank, A Division of SmartBiz Bank National Association has originated 1,345 SBA loans totaling $446.1M since 2015. 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 Association lend in?
CenTrust Bank, A Division of SmartBiz Bank National Association 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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