Century Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Century Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.2M | $150K | 25.0% |
| 441330 | Other | 8 | $9.6M | $1.2M | 25.0% |
| 561431 | Private Mail Centers | 8 | $2.3M | $290K | 25.0% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 8 | $1.6M | $200K | 25.0% |
Geographic Distribution
SBA lending activity for Century Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 32 | $14.7M | 100.0% |
Why Choose Century Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $14.7M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Other, Private Mail Centers
- ✓Competitive Terms: Average interest rate of 8.06% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $150K to $1.2M, with an average of $459K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Century Bank and Trust SBA lending
What types of businesses does Century Bank and Trust typically finance?
Century Bank and Trust specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, other, private mail centers, all other miscellaneous fabricated metal product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Century Bank and Trust's typical SBA loan terms?
Century Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 8.06% and average term length of 120 months (approximately 10 years). Loan sizes range from $150K to $1.2M, with an average loan size of $459K.
Do I need a business valuation for a Century Bank and Trust SBA loan?
Yes, Century Bank and Trust 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 Century Bank and Trust compare to other SBA lenders?
Century Bank and Trust has originated 32 SBA loans totaling $14.7M 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 Century Bank and Trust lend in?
Century Bank and Trust provides SBA 7(a) financing with particularly strong presence in MI. 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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Professional valuations are often required for SBA loans over $250,000.
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