Cogent Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cogent Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 96 | $101.2M | $1.1M | 7.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 80 | $48.0M | $600K | 6.0% |
| 457110 | Other | 72 | $153.5M | $2.1M | 5.4% |
| 238990 | All Other Specialty Trade Contractors | 64 | $61.1M | $955K | 4.8% |
| 447110 | Gasoline Stations with Convenience Stores | 48 | $75.2M | $1.6M | 3.6% |
| 624410 | Child Day Care Services | 40 | $35.3M | $884K | 3.0% |
| 722513 | Limited-Service Restaurants | 40 | $60.9M | $1.5M | 3.0% |
| 445299 | All Other Specialty Food Stores | 32 | $10.8M | $339K | 2.4% |
| 445320 | Other | 24 | $37.3M | $1.6M | 1.8% |
| 812112 | Beauty Salons | 24 | $26.3M | $1.1M | 1.8% |
Geographic Distribution
SBA lending activity for Cogent Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 832 | $860.3M | 61.9% |
| Georgia (GA) | 312 | $433.6M | 23.2% |
| North Carolina (NC) | 56 | $80.5M | 4.2% |
| Texas (TX) | 16 | $44.7M | 1.2% |
| New York (NY) | 8 | $40.0M | 0.6% |
| Oklahoma (OK) | 8 | $40.0M | 0.6% |
| Tennessee (TN) | 24 | $29.6M | 1.8% |
| South Carolina (SC) | 32 | $24.3M | 2.4% |
| New Jersey (NJ) | 8 | $15.8M | 0.6% |
| Colorado (CO) | 16 | $15.1M | 1.2% |
| Missouri (MO) | 8 | $11.6M | 0.6% |
| VI (VI) | 8 | $5.7M | 0.6% |
| Virginia (VA) | 8 | $5.2M | 0.6% |
| Alabama (AL) | 8 | $5.1M | 0.6% |
Why Choose Cogent Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,344 SBA loans approved, totaling $1.61B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars, Other
- ✓Competitive Terms: Average interest rate of 8.38% with flexible term lengths averaging 202 months
- ✓Loan Range: Loan sizes from $150K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 14 states, with strong presence in FL, GA, NC
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 Cogent Bank SBA lending
What types of businesses does Cogent Bank typically finance?
Cogent Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, snack and nonalcoholic beverage bars, other, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cogent Bank's typical SBA loan terms?
Cogent Bank's SBA 7(a) loans typically feature an average interest rate of 8.38% and average term length of 202 months (approximately 17 years). Loan sizes range from $150K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a Cogent Bank SBA loan?
Yes, Cogent 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 Cogent Bank compare to other SBA lenders?
Cogent Bank has originated 1,344 SBA loans totaling $1.61B 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 Cogent Bank lend in?
Cogent Bank provides SBA 7(a) financing with particularly strong presence in FL, GA, NC, SC, TN. 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.
Get your certified valuation from Fair Market Value.