Cross Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cross Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 3 | $602K | $201K | 7.7% |
| 811111 | General Automotive Repair | 2 | $65K | $33K | 5.1% |
| 333111 | Farm Machinery and Equipment Manufacturing | 2 | $525K | $263K | 5.1% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $213K | $213K | 2.6% |
| 312113 | Ice Manufacturing | 1 | $324K | $324K | 2.6% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $257K | $257K | 2.6% |
| 484110 | General Freight Trucking, Local | 1 | $11K | $11K | 2.6% |
| 541211 | Offices of Certified Public Accountants | 1 | $350K | $350K | 2.6% |
| 325120 | Industrial Gas Manufacturing | 1 | $85K | $85K | 2.6% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $115K | $115K | 2.6% |
Geographic Distribution
SBA lending activity for Cross Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 39 | $6.5M | 100.0% |
Why Choose Cross Bank?
Based on SBA 7(a) lending track record from 1993-2020
- ✓Proven Track Record: 39 SBA loans approved, totaling $6.5M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, General Automotive Repair, Farm Machinery and Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $11K to $1.5M, with an average of $167K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AR
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 Cross Bank SBA lending
What types of businesses does Cross Bank typically finance?
Cross Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, general automotive repair, farm machinery and equipment manufacturing, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cross Bank's typical SBA loan terms?
Cross Bank's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 109 months (approximately 9 years). Loan sizes range from $11K to $1.5M, with an average loan size of $167K.
Do I need a business valuation for a Cross Bank SBA loan?
Yes, Cross 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 Cross Bank compare to other SBA lenders?
Cross Bank has originated 39 SBA loans totaling $6.5M since 1993. 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 Cross Bank lend in?
Cross Bank provides SBA 7(a) financing with particularly strong presence in AR. 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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