Community Bank, Meridian, Mississippi
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Bank, Meridian, Mississippi · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 1 | $100K | $100K | 16.7% |
| 621320 | Offices of Optometrists | 1 | $112K | $112K | 16.7% |
Geographic Distribution
SBA lending activity for Community Bank, Meridian, Mississippi by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 6 | $2.2M | 100.0% |
Why Choose Community Bank, Meridian, Mississippi?
Based on SBA 7(a) lending track record from 2000-2007
- ✓Proven Track Record: 6 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Offices of Optometrists
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $100K to $986K, with an average of $370K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Community Bank, Meridian, Mississippi SBA lending
What types of businesses does Community Bank, Meridian, Mississippi typically finance?
Community Bank, Meridian, Mississippi specializes in SBA 7(a) lending to specific industries including all other personal services, offices of optometrists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Bank, Meridian, Mississippi's typical SBA loan terms?
Community Bank, Meridian, Mississippi'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 $100K to $986K, with an average loan size of $370K.
Do I need a business valuation for a Community Bank, Meridian, Mississippi SBA loan?
Yes, Community Bank, Meridian, Mississippi 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 Community Bank, Meridian, Mississippi compare to other SBA lenders?
Community Bank, Meridian, Mississippi has originated 6 SBA loans totaling $2.2M since 2000. 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 Community Bank, Meridian, Mississippi lend in?
Community Bank, Meridian, Mississippi provides SBA 7(a) financing with particularly strong presence in MS. 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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