Elevate Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Elevate Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 32 | $10.4M | $324K | 26.7% |
| 621498 | All Other Outpatient Care Centers | 16 | $10.0M | $623K | 13.3% |
| 722511 | Full-Service Restaurants | 16 | $3.4M | $210K | 13.3% |
| 623312 | Homes for the Elderly | 16 | $30.9M | $1.9M | 13.3% |
| 561720 | Janitorial Services | 8 | $1.5M | $191K | 6.7% |
| 541219 | Other Accounting Services | 8 | $1.6M | $195K | 6.7% |
| 811111 | General Automotive Repair | 8 | $3.1M | $390K | 6.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $1.2M | $149K | 6.7% |
| 325510 | Paint and Coating Manufacturing | 8 | $7.1M | $882K | 6.7% |
Geographic Distribution
SBA lending activity for Elevate Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 32 | $26.3M | 26.7% |
| Missouri (MO) | 40 | $22.4M | 33.3% |
| Illinois (IL) | 24 | $7.8M | 20.0% |
| Texas (TX) | 8 | $6.0M | 6.7% |
| Florida (FL) | 8 | $4.0M | 6.7% |
| Oklahoma (OK) | 8 | $2.5M | 6.7% |
Why Choose Elevate Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $69.0M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, All Other Outpatient Care Centers, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 10.40% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $149K to $2.1M, with an average of $575K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in MO, KS, IL
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 Elevate Bank National Association SBA lending
What types of businesses does Elevate Bank National Association typically finance?
Elevate Bank National Association specializes in SBA 7(a) lending to specific industries including limited-service restaurants, all other outpatient care centers, full-service restaurants, homes for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Elevate Bank National Association's typical SBA loan terms?
Elevate Bank National Association's SBA 7(a) loans typically feature an average interest rate of 10.40% and average term length of 169 months (approximately 14 years). Loan sizes range from $149K to $2.1M, with an average loan size of $575K.
Do I need a business valuation for a Elevate Bank National Association SBA loan?
Yes, Elevate Bank National Association 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 Elevate Bank National Association compare to other SBA lenders?
Elevate Bank National Association has originated 120 SBA loans totaling $69.0M 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 Elevate Bank National Association lend in?
Elevate Bank National Association provides SBA 7(a) financing with particularly strong presence in MO, KS, IL, TX, 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?
Professional valuations are often required for SBA loans over $250,000.
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