Currency Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Currency Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $70K | $70K | 100.0% |
Geographic Distribution
SBA lending activity for Currency Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 1 | $70K | 100.0% |
Why Choose Currency Bank?
Based on SBA 7(a) lending track record from 1996-1996
- ✓Proven Track Record: 1 SBA loans approved, totaling $70K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $70K to $70K, with an average of $70K
- ✓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 Currency Bank SBA lending
What types of businesses does Currency Bank typically finance?
Currency Bank specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Currency Bank's typical SBA loan terms?
Currency Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $70K to $70K, with an average loan size of $70K.
Do I need a business valuation for a Currency Bank SBA loan?
Yes, Currency 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 Currency Bank compare to other SBA lenders?
Currency Bank has originated 1 SBA loans totaling $70K since 1996. 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 Currency Bank lend in?
Currency 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.
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