Citizens Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 1,464 | $731.4M | $500K | 11.3% |
| 722513 | Limited-Service Restaurants | 1,048 | $535.1M | $511K | 8.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 904 | $425.4M | $471K | 7.0% |
| 722511 | Full-Service Restaurants | 600 | $425.3M | $709K | 4.6% |
| 621310 | Offices of Chiropractors | 448 | $197.0M | $440K | 3.5% |
| 457110 | Other | 384 | $494.7M | $1.3M | 3.0% |
| 447110 | Gasoline Stations with Convenience Stores | 344 | $434.4M | $1.3M | 2.7% |
| 624410 | Child Day Care Services | 264 | $210.5M | $797K | 2.0% |
| 561431 | Private Mail Centers | 240 | $114.8M | $478K | 1.9% |
| 811111 | General Automotive Repair | 240 | $160.4M | $668K | 1.9% |
Geographic Distribution
SBA lending activity for Citizens Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 1,808 | $1.45B | 14.0% |
| Florida (FL) | 1,432 | $989.2M | 11.1% |
| North Carolina (NC) | 944 | $959.1M | 7.3% |
| Georgia (GA) | 1,080 | $822.7M | 8.4% |
| California (CA) | 1,168 | $737.8M | 9.0% |
| South Carolina (SC) | 384 | $343.4M | 3.0% |
| Utah (UT) | 464 | $341.6M | 3.6% |
| Illinois (IL) | 368 | $331.0M | 2.8% |
| Tennessee (TN) | 400 | $290.4M | 3.1% |
| Virginia (VA) | 472 | $274.2M | 3.7% |
| Colorado (CO) | 368 | $216.2M | 2.8% |
| Louisiana (LA) | 264 | $203.6M | 2.0% |
| Indiana (IN) | 216 | $190.2M | 1.7% |
| Arizona (AZ) | 328 | $189.6M | 2.5% |
| Idaho (ID) | 136 | $171.7M | 1.1% |
| Wisconsin (WI) | 360 | $166.5M | 2.8% |
| Washington (WA) | 248 | $147.2M | 1.9% |
| Michigan (MI) | 256 | $136.2M | 2.0% |
| New Jersey (NJ) | 184 | $120.4M | 1.4% |
| New York (NY) | 208 | $114.2M | 1.6% |
| Missouri (MO) | 176 | $106.3M | 1.4% |
| Maryland (MD) | 216 | $106.1M | 1.7% |
| Pennsylvania (PA) | 160 | $105.3M | 1.2% |
| Ohio (OH) | 208 | $104.5M | 1.6% |
| Arkansas (AR) | 48 | $76.3M | 0.4% |
| Oregon (OR) | 136 | $71.9M | 1.1% |
| Oklahoma (OK) | 120 | $66.8M | 0.9% |
| Alabama (AL) | 88 | $66.0M | 0.7% |
| Nevada (NV) | 120 | $65.3M | 0.9% |
| Minnesota (MN) | 80 | $54.0M | 0.6% |
| Massachusetts (MA) | 72 | $46.3M | 0.6% |
| Kansas (KS) | 64 | $44.1M | 0.5% |
| Iowa (IA) | 32 | $43.9M | 0.2% |
| Mississippi (MS) | 40 | $30.7M | 0.3% |
| Connecticut (CT) | 48 | $30.6M | 0.4% |
| District of Columbia (DC) | 24 | $22.3M | 0.2% |
| Kentucky (KY) | 40 | $21.4M | 0.3% |
| Wyoming (WY) | 16 | $20.1M | 0.1% |
| Nebraska (NE) | 40 | $13.3M | 0.3% |
| Maine (ME) | 24 | $12.5M | 0.2% |
| New Hampshire (NH) | 24 | $10.6M | 0.2% |
| Rhode Island (RI) | 24 | $10.5M | 0.2% |
| New Mexico (NM) | 16 | $8.0M | 0.1% |
| West Virginia (WV) | 16 | $6.7M | 0.1% |
| Vermont (VT) | 8 | $3.5M | 0.1% |
Why Choose Citizens Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 12,928 SBA loans approved, totaling $9.34B in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 8.30% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $722K
- ✓Nationwide Reach: Active lending in 45 states, with strong presence in TX, FL, CA
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 Citizens Bank SBA lending
What types of businesses does Citizens Bank typically finance?
Citizens Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, limited-service restaurants, snack and nonalcoholic beverage bars, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank's typical SBA loan terms?
Citizens Bank's SBA 7(a) loans typically feature an average interest rate of 8.30% and average term length of 169 months (approximately 14 years). Loan sizes range from $25K to $5.0M, with an average loan size of $722K.
Do I need a business valuation for a Citizens Bank SBA loan?
Yes, Citizens 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 Citizens Bank compare to other SBA lenders?
Citizens Bank has originated 12,928 SBA loans totaling $9.34B 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 Citizens Bank lend in?
Citizens Bank provides SBA 7(a) financing with particularly strong presence in TX, FL, CA, GA, NC. 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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