Eaton Community Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Eaton Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 16 | $8.0M | $500K | 16.7% |
| 312130 | Wineries | 8 | $5.6M | $694K | 8.3% |
| 238210 | Electrical Contractors | 8 | $907K | $113K | 8.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $1.6M | $206K | 8.3% |
| 812112 | Beauty Salons | 8 | $716K | $90K | 8.3% |
| 812990 | All Other Personal Services | 8 | $10.7M | $1.3M | 8.3% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 8 | $6.6M | $820K | 8.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $2.8M | $349K | 8.3% |
| 623312 | Homes for the Elderly | 8 | $4.6M | $580K | 8.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $9.2M | $1.2M | 8.3% |
Geographic Distribution
SBA lending activity for Eaton Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 96 | $51.9M | 100.0% |
Why Choose Eaton Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $51.9M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Wineries, Electrical Contractors
- ✓Competitive Terms: Average interest rate of 7.30% with flexible term lengths averaging 211 months
- ✓Loan Range: Loan sizes from $90K to $1.3M, with an average of $541K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Eaton Community Bank SBA lending
What types of businesses does Eaton Community Bank typically finance?
Eaton Community Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, wineries, electrical contractors, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Eaton Community Bank's typical SBA loan terms?
Eaton Community Bank's SBA 7(a) loans typically feature an average interest rate of 7.30% and average term length of 211 months (approximately 18 years). Loan sizes range from $90K to $1.3M, with an average loan size of $541K.
Do I need a business valuation for a Eaton Community Bank SBA loan?
Yes, Eaton Community 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 Eaton Community Bank compare to other SBA lenders?
Eaton Community Bank has originated 96 SBA loans totaling $51.9M 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 Eaton Community Bank lend in?
Eaton Community Bank provides SBA 7(a) financing with particularly strong presence in MI. 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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