Comerica Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Comerica Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 4 | $1.1M | $287K | 4.1% |
| 621210 | Offices of Dentists | 2 | $483K | $241K | 2.0% |
| 811192 | Car Washes | 2 | $2.9M | $1.4M | 2.0% |
| 541330 | Engineering Services | 2 | $826K | $413K | 2.0% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $120K | $60K | 2.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $400K | $400K | 1.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $434K | $434K | 1.0% |
| 311520 | Ice Cream and Frozen Dessert Manufacturing | 1 | $40K | $40K | 1.0% |
| 311422 | Specialty Canning | 1 | $1.1M | $1.1M | 1.0% |
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $97K | $97K | 1.0% |
Geographic Distribution
SBA lending activity for Comerica Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 56 | $15.2M | 57.1% |
| California (CA) | 24 | $11.3M | 24.5% |
| South Carolina (SC) | 5 | $3.7M | 5.1% |
| Michigan (MI) | 1 | $2.0M | 1.0% |
| Hawaii (HI) | 1 | $1.9M | 1.0% |
| Florida (FL) | 3 | $1.6M | 3.1% |
| Missouri (MO) | 2 | $658K | 2.0% |
| Connecticut (CT) | 1 | $542K | 1.0% |
| Oregon (OR) | 2 | $475K | 2.0% |
| Kansas (KS) | 1 | $341K | 1.0% |
| Virginia (VA) | 1 | $250K | 1.0% |
| Arkansas (AR) | 1 | $188K | 1.0% |
Why Choose Comerica Bank?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 98 SBA loans approved, totaling $38.2M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Dentists, Car Washes
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 124 months
- ✓Loan Range: Loan sizes from $6K to $2.0M, with an average of $390K
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in TX, CA, SC
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 Comerica Bank SBA lending
What types of businesses does Comerica Bank typically finance?
Comerica Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of dentists, car washes, engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Comerica Bank's typical SBA loan terms?
Comerica Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 124 months (approximately 10 years). Loan sizes range from $6K to $2.0M, with an average loan size of $390K.
Do I need a business valuation for a Comerica Bank SBA loan?
Yes, Comerica 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 Comerica Bank compare to other SBA lenders?
Comerica Bank has originated 98 SBA loans totaling $38.2M 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 Comerica Bank lend in?
Comerica Bank provides SBA 7(a) financing with particularly strong presence in TX, CA, SC, FL, OR. 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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