CommunityWorks
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by CommunityWorks
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624120 | Services for the Elderly and Persons with Disabilities | 8 | $2.8M | $347K | 20.0% |
| 621112 | Offices of Physicians, Mental Health Specialists | 8 | $1.3M | $157K | 20.0% |
| 324121 | Asphalt Paving Mixture and Block Manufacturing | 8 | $2.0M | $252K | 20.0% |
| 722310 | Food Service Contractors | 8 | $736K | $92K | 20.0% |
| 512110 | Motion Picture and Video Production | 8 | $1.8M | $225K | 20.0% |
Geographic Distribution
SBA lending activity for CommunityWorks by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 40 | $8.6M | 100.0% |
Why Choose CommunityWorks?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $8.6M in financing
- ✓Industry Expertise: Specialized focus on Services for the Elderly and Persons with Disabilities, Offices of Physicians, Mental Health Specialists, Asphalt Paving Mixture and Block Manufacturing
- ✓Competitive Terms: Average interest rate of 9.05% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $92K to $347K, with an average of $215K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 CommunityWorks SBA lending
What types of businesses does CommunityWorks typically finance?
CommunityWorks specializes in SBA 7(a) lending to specific industries including services for the elderly and persons with disabilities, offices of physicians, mental health specialists, asphalt paving mixture and block manufacturing, food service contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CommunityWorks's typical SBA loan terms?
CommunityWorks's SBA 7(a) loans typically feature an average interest rate of 9.05% and average term length of 156 months (approximately 13 years). Loan sizes range from $92K to $347K, with an average loan size of $215K.
Do I need a business valuation for a CommunityWorks SBA loan?
Yes, CommunityWorks 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 CommunityWorks compare to other SBA lenders?
CommunityWorks has originated 40 SBA loans totaling $8.6M 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 CommunityWorks lend in?
CommunityWorks provides SBA 7(a) financing with particularly strong presence in SC. 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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