Citizens Bank and Trust Company of Ardmore
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank and Trust Company of Ardmore · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $140K | $140K | 50.0% |
Geographic Distribution
SBA lending activity for Citizens Bank and Trust Company of Ardmore by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 2 | $210K | 100.0% |
Why Choose Citizens Bank and Trust Company of Ardmore?
Based on SBA 7(a) lending track record from 1995-1995
- ✓Proven Track Record: 2 SBA loans approved, totaling $210K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $70K to $140K, with an average of $105K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 and Trust Company of Ardmore SBA lending
What types of businesses does Citizens Bank and Trust Company of Ardmore typically finance?
Citizens Bank and Trust Company of Ardmore specializes in SBA 7(a) lending to specific industries including general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank and Trust Company of Ardmore's typical SBA loan terms?
Citizens Bank and Trust Company of Ardmore's SBA 7(a) loans typically feature an average interest rate of — and average term length of 150 months (approximately 13 years). Loan sizes range from $70K to $140K, with an average loan size of $105K.
Do I need a business valuation for a Citizens Bank and Trust Company of Ardmore SBA loan?
Yes, Citizens Bank and Trust Company of Ardmore 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 and Trust Company of Ardmore compare to other SBA lenders?
Citizens Bank and Trust Company of Ardmore has originated 2 SBA loans totaling $210K since 1995. 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 and Trust Company of Ardmore lend in?
Citizens Bank and Trust Company of Ardmore provides SBA 7(a) financing with particularly strong presence in OK. 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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