Citizens Bank of Ada
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank of Ada
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.0M | $125K | 100.0% |
Geographic Distribution
SBA lending activity for Citizens Bank of Ada by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 8 | $1.0M | 100.0% |
Why Choose Citizens Bank of Ada?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $125K to $125K, with an average of $125K
- ✓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 of Ada SBA lending
What types of businesses does Citizens Bank of Ada typically finance?
Citizens Bank of Ada specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank of Ada's typical SBA loan terms?
Citizens Bank of Ada's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 240 months (approximately 20 years). Loan sizes range from $125K to $125K, with an average loan size of $125K.
Do I need a business valuation for a Citizens Bank of Ada SBA loan?
Yes, Citizens Bank of Ada 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 of Ada compare to other SBA lenders?
Citizens Bank of Ada has originated 8 SBA loans totaling $1.0M 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 of Ada lend in?
Citizens Bank of Ada 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.
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?
Professional valuations are often required for SBA loans over $250,000.
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