Community Bank of Parkersburg
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Bank of Parkersburg · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $270K | $90K | 4.5% |
| 621210 | Offices of Dentists | 2 | $1.2M | $598K | 3.0% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $132K | $66K | 3.0% |
| 621320 | Offices of Optometrists | 2 | $215K | $108K | 3.0% |
| 423610 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 2 | $172K | $86K | 3.0% |
| 621310 | Offices of Chiropractors | 2 | $197K | $98K | 3.0% |
| 624410 | Child Care Services | 1 | $130K | $130K | 1.5% |
| 621999 | All Other Miscellaneous Ambulatory Health Care Services | 1 | $75K | $75K | 1.5% |
| 488991 | Packing and Crating | 1 | $85K | $85K | 1.5% |
| 812112 | Beauty Salons | 1 | $87K | $87K | 1.5% |
Geographic Distribution
SBA lending activity for Community Bank of Parkersburg by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 60 | $7.2M | 90.9% |
| Ohio (OH) | 6 | $279K | 9.1% |
Why Choose Community Bank of Parkersburg?
Based on SBA 7(a) lending track record from 1991-2019
- ✓Proven Track Record: 66 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Offices of Dentists, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.11% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $15K to $700K, with an average of $113K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WV, OH
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 of Parkersburg SBA lending
What types of businesses does Community Bank of Parkersburg typically finance?
Community Bank of Parkersburg specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), offices of dentists, fitness and recreational sports centers, offices of optometrists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Bank of Parkersburg's typical SBA loan terms?
Community Bank of Parkersburg's SBA 7(a) loans typically feature an average interest rate of 6.11% and average term length of 110 months (approximately 9 years). Loan sizes range from $15K to $700K, with an average loan size of $113K.
Do I need a business valuation for a Community Bank of Parkersburg SBA loan?
Yes, Community Bank of Parkersburg 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 of Parkersburg compare to other SBA lenders?
Community Bank of Parkersburg has originated 66 SBA loans totaling $7.5M 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 Community Bank of Parkersburg lend in?
Community Bank of Parkersburg provides SBA 7(a) financing with particularly strong presence in WV, OH. 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.
Get your certified valuation from Fair Market Value.