Durden Banking Co., Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Durden Banking Co., Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 2 | $481K | $241K | 10.0% |
| 624410 | Child Care Services | 1 | $125K | $125K | 5.0% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $150K | $150K | 5.0% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $157K | $157K | 5.0% |
| 332322 | Sheet Metal Work Manufacturing | 1 | $340K | $340K | 5.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $524K | $524K | 5.0% |
Geographic Distribution
SBA lending activity for Durden Banking Co., Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 20 | $3.8M | 100.0% |
Why Choose Durden Banking Co., Inc.?
Based on SBA 7(a) lending track record from 1993-2014
- ✓Proven Track Record: 20 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on Motor Vehicle Supplies and New Parts Merchant Wholesalers, Child Care Services, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $25K to $524K, with an average of $189K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in GA
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 Durden Banking Co., Inc. SBA lending
What types of businesses does Durden Banking Co., Inc. typically finance?
Durden Banking Co., Inc. specializes in SBA 7(a) lending to specific industries including motor vehicle supplies and new parts merchant wholesalers, child care services, specialized freight (except used goods) trucking, local, other business service centers (including copy shops). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Durden Banking Co., Inc.'s typical SBA loan terms?
Durden Banking Co., Inc.'s SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 100 months (approximately 8 years). Loan sizes range from $25K to $524K, with an average loan size of $189K.
Do I need a business valuation for a Durden Banking Co., Inc. SBA loan?
Yes, Durden Banking Co., Inc. 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 Durden Banking Co., Inc. compare to other SBA lenders?
Durden Banking Co., Inc. has originated 20 SBA loans totaling $3.8M 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 Durden Banking Co., Inc. lend in?
Durden Banking Co., Inc. provides SBA 7(a) financing with particularly strong presence in GA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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