CharterWest Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by CharterWest Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 2 | $565K | $283K | 20.0% |
| 238990 | All Other Specialty Trade Contractors | 1 | $617K | $617K | 10.0% |
| 812112 | Beauty Salons | 1 | $68K | $68K | 10.0% |
| 541940 | Veterinary Services | 1 | $350K | $350K | 10.0% |
| 524210 | Insurance Agencies and Brokerages | 1 | $63K | $63K | 10.0% |
| 311811 | Retail Bakeries | 1 | $254K | $254K | 10.0% |
Geographic Distribution
SBA lending activity for CharterWest Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 10 | $2.2M | 100.0% |
Why Choose CharterWest Bank?
Based on SBA 7(a) lending track record from 1991-2020
- ✓Proven Track Record: 10 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, All Other Specialty Trade Contractors, Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.44% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $12K to $617K, with an average of $220K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
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 CharterWest Bank SBA lending
What types of businesses does CharterWest Bank typically finance?
CharterWest Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, all other specialty trade contractors, beauty salons, veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CharterWest Bank's typical SBA loan terms?
CharterWest Bank's SBA 7(a) loans typically feature an average interest rate of 5.44% and average term length of 101 months (approximately 8 years). Loan sizes range from $12K to $617K, with an average loan size of $220K.
Do I need a business valuation for a CharterWest Bank SBA loan?
Yes, CharterWest 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 CharterWest Bank compare to other SBA lenders?
CharterWest Bank has originated 10 SBA loans totaling $2.2M 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 CharterWest Bank lend in?
CharterWest Bank provides SBA 7(a) financing with particularly strong presence in NE. 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.
Get your certified valuation from Fair Market Value.