Commencement Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Commencement Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 454390 | Other Direct Selling Establishments | 8 | $541K | $68K | 8.3% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $2.0M | $247K | 8.3% |
| 722320 | Caterers | 8 | $2.1M | $260K | 8.3% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 8 | $29.1M | $3.6M | 8.3% |
| 722513 | Limited-Service Restaurants | 8 | $7.9M | $988K | 8.3% |
| 238210 | Electrical Contractors | 8 | $5.1M | $638K | 8.3% |
| 812112 | Beauty Salons | 8 | $3.4M | $420K | 8.3% |
| 621310 | Offices of Chiropractors | 8 | $280K | $35K | 8.3% |
| 332710 | Machine Shops | 8 | $6.4M | $800K | 8.3% |
| 541213 | Tax Preparation Services | 8 | $2.0M | $246K | 8.3% |
Geographic Distribution
SBA lending activity for Commencement Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 96 | $66.9M | 100.0% |
Why Choose Commencement Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $66.9M in financing
- ✓Industry Expertise: Specialized focus on Other Direct Selling Establishments, All Other Miscellaneous Store Retailers (except Tobacco Stores), Caterers
- ✓Competitive Terms: Average interest rate of 6.23% with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $35K to $3.6M, with an average of $697K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WA
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 Commencement Bank SBA lending
What types of businesses does Commencement Bank typically finance?
Commencement Bank specializes in SBA 7(a) lending to specific industries including other direct selling establishments, all other miscellaneous store retailers (except tobacco stores), caterers, other grocery and related products merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Commencement Bank's typical SBA loan terms?
Commencement Bank's SBA 7(a) loans typically feature an average interest rate of 6.23% and average term length of 140 months (approximately 12 years). Loan sizes range from $35K to $3.6M, with an average loan size of $697K.
Do I need a business valuation for a Commencement Bank SBA loan?
Yes, Commencement 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 Commencement Bank compare to other SBA lenders?
Commencement Bank has originated 96 SBA loans totaling $66.9M 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 Commencement Bank lend in?
Commencement Bank provides SBA 7(a) financing with particularly strong presence in WA. 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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