Community Spirit Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Spirit Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $200K | $200K | 25.0% |
| 621391 | Offices of Podiatrists | 1 | $101K | $101K | 25.0% |
| 721199 | All Other Traveler Accommodation | 1 | $1.8M | $1.8M | 25.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $1.2M | $1.2M | 25.0% |
Geographic Distribution
SBA lending activity for Community Spirit Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 3 | $2.1M | 75.0% |
| Mississippi (MS) | 1 | $1.2M | 25.0% |
Why Choose Community Spirit Bank?
Based on SBA 7(a) lending track record from 2000-2009
- ✓Proven Track Record: 4 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Offices of Podiatrists, All Other Traveler Accommodation
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $101K to $1.8M, with an average of $821K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, 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 Spirit Bank SBA lending
What types of businesses does Community Spirit Bank typically finance?
Community Spirit Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, offices of podiatrists, all other traveler accommodation, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Spirit Bank's typical SBA loan terms?
Community Spirit Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 134 months (approximately 11 years). Loan sizes range from $101K to $1.8M, with an average loan size of $821K.
Do I need a business valuation for a Community Spirit Bank SBA loan?
Yes, Community Spirit 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 Community Spirit Bank compare to other SBA lenders?
Community Spirit Bank has originated 4 SBA loans totaling $3.3M 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 Spirit Bank lend in?
Community Spirit Bank provides SBA 7(a) financing with particularly strong presence in AL, 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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