Domestic Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Domestic Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Domestic Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Rhode Island (RI) | 10 | $978K | 100.0% |
Why Choose Domestic Bank?
Based on SBA 7(a) lending track record from 1991-1997
- ✓Proven Track Record: 10 SBA loans approved, totaling $978K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $16K to $300K, with an average of $98K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in RI
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 Domestic Bank SBA lending
What types of businesses does Domestic Bank typically finance?
Domestic Bank specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Domestic Bank's typical SBA loan terms?
Domestic Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 122 months (approximately 10 years). Loan sizes range from $16K to $300K, with an average loan size of $98K.
Do I need a business valuation for a Domestic Bank SBA loan?
Yes, Domestic 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 Domestic Bank compare to other SBA lenders?
Domestic Bank has originated 10 SBA loans totaling $978K since 1991. 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 Domestic Bank lend in?
Domestic Bank provides SBA 7(a) financing with particularly strong presence in RI. 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.
Get your certified valuation from Fair Market Value.