Cole Taylor Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cole Taylor Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $495K | $248K | 6.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $150K | $75K | 6.1% |
| 621210 | Offices of Dentists | 1 | $976K | $976K | 3.0% |
| 811111 | General Automotive Repair | 1 | $80K | $80K | 3.0% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $490K | $490K | 3.0% |
| 541330 | Engineering Services | 1 | $100K | $100K | 3.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $281K | $281K | 3.0% |
Geographic Distribution
SBA lending activity for Cole Taylor Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 33 | $4.7M | 100.0% |
Why Choose Cole Taylor Bank?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 33 SBA loans approved, totaling $4.7M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Automotive Body, Paint, and Interior Repair and Maintenance, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 80 months
- ✓Loan Range: Loan sizes from $20K to $976K, with an average of $143K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Cole Taylor Bank SBA lending
What types of businesses does Cole Taylor Bank typically finance?
Cole Taylor Bank specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), automotive body, paint, and interior repair and maintenance, offices of dentists, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cole Taylor Bank's typical SBA loan terms?
Cole Taylor Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 80 months (approximately 7 years). Loan sizes range from $20K to $976K, with an average loan size of $143K.
Do I need a business valuation for a Cole Taylor Bank SBA loan?
Yes, Cole Taylor 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 Cole Taylor Bank compare to other SBA lenders?
Cole Taylor Bank has originated 33 SBA loans totaling $4.7M 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 Cole Taylor Bank lend in?
Cole Taylor Bank provides SBA 7(a) financing with particularly strong presence in IL. 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?
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