Craft Bank
SBA 7(a) Lending Profile · FY 2026 analysis
Industry Focus
Top industries served by Craft Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 112 | $60.1M | $537K | 12.7% |
| 713940 | Fitness and Recreational Sports Centers | 72 | $79.0M | $1.1M | 8.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 56 | $156.9M | $2.8M | 6.4% |
| 623312 | Homes for the Elderly | 48 | $57.6M | $1.2M | 5.5% |
| 624410 | Child Day Care Services | 48 | $57.5M | $1.2M | 5.5% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 32 | $38.3M | $1.2M | 3.6% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 32 | $18.1M | $567K | 3.6% |
| 445320 | Other | 24 | $12.8M | $533K | 2.7% |
| 532289 | Other | 24 | $8.8M | $367K | 2.7% |
| 812210 | Funeral Homes and Funeral Services | 16 | $10.1M | $630K | 1.8% |
Geographic Distribution
SBA lending activity for Craft Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 504 | $579.9M | 57.3% |
| Missouri (MO) | 24 | $80.0M | 2.7% |
| Louisiana (LA) | 24 | $50.1M | 2.7% |
| Florida (FL) | 48 | $37.9M | 5.5% |
| Oklahoma (OK) | 16 | $22.1M | 1.8% |
| Texas (TX) | 48 | $20.6M | 5.5% |
| Colorado (CO) | 16 | $20.6M | 1.8% |
| Kansas (KS) | 16 | $19.0M | 1.8% |
| South Carolina (SC) | 16 | $16.2M | 1.8% |
| Ohio (OH) | 24 | $13.0M | 2.7% |
| Oregon (OR) | 8 | $11.9M | 0.9% |
| Alabama (AL) | 16 | $11.2M | 1.8% |
| Washington (WA) | 32 | $11.0M | 3.6% |
| Tennessee (TN) | 8 | $9.3M | 0.9% |
| Pennsylvania (PA) | 16 | $6.2M | 1.8% |
| North Carolina (NC) | 16 | $5.8M | 1.8% |
| Idaho (ID) | 8 | $4.8M | 0.9% |
| Utah (UT) | 8 | $4.2M | 0.9% |
| California (CA) | 8 | $3.5M | 0.9% |
| Maine (ME) | 8 | $2.9M | 0.9% |
| West Virginia (WV) | 8 | $2.0M | 0.9% |
| New York (NY) | 8 | $1.9M | 0.9% |
Why Choose Craft Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 880 SBA loans approved, totaling $934.1M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Fitness and Recreational Sports Centers, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 8.59% with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 22 states, with strong presence in GA, TX, FL
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 Craft Bank SBA lending
What types of businesses does Craft Bank typically finance?
Craft Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, fitness and recreational sports centers, hotels (except casino hotels) and motels, homes for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Craft Bank's typical SBA loan terms?
Craft Bank's SBA 7(a) loans typically feature an average interest rate of 8.59% and average term length of 204 months (approximately 17 years). Loan sizes range from $100K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Craft Bank SBA loan?
Yes, Craft 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 Craft Bank compare to other SBA lenders?
Craft Bank has originated 880 SBA loans totaling $934.1M 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 Craft Bank lend in?
Craft Bank provides SBA 7(a) financing with particularly strong presence in GA, TX, FL, WA, MO. 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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Professional valuations are often required for SBA loans over $250,000.
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