Consumers National Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Consumers National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 96 | $14.0M | $145K | 7.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 80 | $17.2M | $215K | 6.2% |
| 722513 | Limited-Service Restaurants | 48 | $18.3M | $381K | 3.7% |
| 562119 | Other Waste Collection | 48 | $4.2M | $87K | 3.7% |
| 238210 | Electrical Contractors | 40 | $8.5M | $213K | 3.1% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 40 | $11.3M | $283K | 3.1% |
| 561730 | Landscaping Services | 40 | $14.3M | $356K | 3.1% |
| 332710 | Machine Shops | 40 | $15.2M | $380K | 3.1% |
| 238910 | Site Preparation Contractors | 40 | $2.0M | $49K | 3.1% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 40 | $9.1M | $229K | 3.1% |
Geographic Distribution
SBA lending activity for Consumers National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 1,272 | $353.5M | 98.8% |
| Pennsylvania (PA) | 16 | $13.2M | 1.2% |
Why Choose Consumers National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,288 SBA loans approved, totaling $366.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.36% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $10K to $3.0M, with an average of $285K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OH, PA
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 Consumers National Bank SBA lending
What types of businesses does Consumers National Bank typically finance?
Consumers National Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, plumbing, heating, and air-conditioning contractors, limited-service restaurants, other waste collection. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Consumers National Bank's typical SBA loan terms?
Consumers National Bank's SBA 7(a) loans typically feature an average interest rate of 6.36% and average term length of 131 months (approximately 11 years). Loan sizes range from $10K to $3.0M, with an average loan size of $285K.
Do I need a business valuation for a Consumers National Bank SBA loan?
Yes, Consumers National 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 Consumers National Bank compare to other SBA lenders?
Consumers National Bank has originated 1,288 SBA loans totaling $366.7M 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 Consumers National Bank lend in?
Consumers National Bank provides SBA 7(a) financing with particularly strong presence in OH, PA. 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.
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