Eastern National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Eastern National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $75K | $38K | 5.9% |
| 221310 | Water Supply and Irrigation Systems | 1 | $26K | $26K | 2.9% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $100K | $100K | 2.9% |
| 311812 | Commercial Bakeries | 1 | $50K | $50K | 2.9% |
Geographic Distribution
SBA lending activity for Eastern National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 34 | $3.2M | 100.0% |
Why Choose Eastern National Bank?
Based on SBA 7(a) lending track record from 1992-1998
- ✓Proven Track Record: 34 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Water Supply and Irrigation Systems, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $23K to $600K, with an average of $95K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 Eastern National Bank SBA lending
What types of businesses does Eastern National Bank typically finance?
Eastern National Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, water supply and irrigation systems, fitness and recreational sports centers, commercial bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Eastern National Bank's typical SBA loan terms?
Eastern National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 76 months (approximately 6 years). Loan sizes range from $23K to $600K, with an average loan size of $95K.
Do I need a business valuation for a Eastern National Bank SBA loan?
Yes, Eastern National 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 Eastern National Bank compare to other SBA lenders?
Eastern National Bank has originated 34 SBA loans totaling $3.2M since 1992. 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 Eastern National Bank lend in?
Eastern National Bank provides SBA 7(a) financing with particularly strong presence in FL. 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?
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