Crossroads Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Crossroads Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $15.5M | $968K | 40.0% |
| 811111 | General Automotive Repair | 8 | $284K | $36K | 20.0% |
| 237110 | Water and Sewer Line and Related Structures Construction | 8 | $1.8M | $228K | 20.0% |
| 621310 | Offices of Chiropractors | 8 | $1.5M | $190K | 20.0% |
Geographic Distribution
SBA lending activity for Crossroads Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 40 | $19.1M | 100.0% |
Why Choose Crossroads Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $19.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, General Automotive Repair, Water and Sewer Line and Related Structures Construction
- ✓Competitive Terms: Average interest rate of 8.13% with flexible term lengths averaging 168 months
- ✓Loan Range: Loan sizes from $36K to $1.8M, with an average of $478K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Crossroads Bank SBA lending
What types of businesses does Crossroads Bank typically finance?
Crossroads Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, general automotive repair, water and sewer line and related structures construction, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Crossroads Bank's typical SBA loan terms?
Crossroads Bank's SBA 7(a) loans typically feature an average interest rate of 8.13% and average term length of 168 months (approximately 14 years). Loan sizes range from $36K to $1.8M, with an average loan size of $478K.
Do I need a business valuation for a Crossroads Bank SBA loan?
Yes, Crossroads 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 Crossroads Bank compare to other SBA lenders?
Crossroads Bank has originated 40 SBA loans totaling $19.1M 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 Crossroads Bank lend in?
Crossroads Bank provides SBA 7(a) financing with particularly strong presence in IN. 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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