Colombo Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Colombo Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $400K | $400K | 11.1% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $100K | $100K | 11.1% |
| 624410 | Child Care Services | 1 | $100K | $100K | 11.1% |
| 812990 | All Other Personal Services | 1 | $36K | $36K | 11.1% |
Geographic Distribution
SBA lending activity for Colombo Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| District of Columbia (DC) | 2 | $500K | 22.2% |
| Virginia (VA) | 4 | $406K | 44.4% |
| Maryland (MD) | 3 | $336K | 33.3% |
Why Choose Colombo Bank?
Based on SBA 7(a) lending track record from 1998-2002
- ✓Proven Track Record: 9 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Coin-Operated Laundries and Drycleaners, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $36K to $400K, with an average of $138K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in VA, MD, DC
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 Colombo Bank SBA lending
What types of businesses does Colombo Bank typically finance?
Colombo Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), coin-operated laundries and drycleaners, child care services, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Colombo Bank's typical SBA loan terms?
Colombo Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $36K to $400K, with an average loan size of $138K.
Do I need a business valuation for a Colombo Bank SBA loan?
Yes, Colombo 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 Colombo Bank compare to other SBA lenders?
Colombo Bank has originated 9 SBA loans totaling $1.2M since 1998. 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 Colombo Bank lend in?
Colombo Bank provides SBA 7(a) financing with particularly strong presence in VA, MD, DC. 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?
Certified valuations are often required for SBA loans over $250,000.
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