Encore Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Encore Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561790 | Other Services to Buildings and Dwellings | 72 | $46.8M | $651K | 7.1% |
| 722511 | Full-Service Restaurants | 64 | $40.0M | $625K | 6.3% |
| 722513 | Limited-Service Restaurants | 64 | $26.1M | $408K | 6.3% |
| 812112 | Beauty Salons | 56 | $20.8M | $372K | 5.6% |
| 541519 | Other Computer Related Services | 40 | $31.2M | $780K | 4.0% |
| 484110 | General Freight Trucking, Local | 32 | $20.1M | $627K | 3.2% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 32 | $24.5M | $767K | 3.2% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $4.9M | $152K | 3.2% |
| 541820 | Public Relations Agencies | 24 | $37.9M | $1.6M | 2.4% |
| 562991 | Septic Tank and Related Services | 24 | $4.3M | $178K | 2.4% |
Geographic Distribution
SBA lending activity for Encore Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 480 | $309.1M | 47.6% |
| Florida (FL) | 160 | $88.5M | 15.9% |
| Arkansas (AR) | 136 | $74.2M | 13.5% |
| Missouri (MO) | 48 | $45.2M | 4.8% |
| Tennessee (TN) | 56 | $38.7M | 5.6% |
| Colorado (CO) | 32 | $37.4M | 3.2% |
| Utah (UT) | 8 | $36.0M | 0.8% |
| North Carolina (NC) | 32 | $23.1M | 3.2% |
| Alabama (AL) | 8 | $14.9M | 0.8% |
| Oklahoma (OK) | 16 | $7.6M | 1.6% |
| Michigan (MI) | 16 | $6.7M | 1.6% |
| Indiana (IN) | 8 | $3.9M | 0.8% |
| Connecticut (CT) | 8 | $1.1M | 0.8% |
Why Choose Encore Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,008 SBA loans approved, totaling $686.4M in financing
- ✓Industry Expertise: Specialized focus on Other Services to Buildings and Dwellings, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.63% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $15K to $4.5M, with an average of $681K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in TX, FL, AR
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 Encore Bank SBA lending
What types of businesses does Encore Bank typically finance?
Encore Bank specializes in SBA 7(a) lending to specific industries including other services to buildings and dwellings, full-service restaurants, limited-service restaurants, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Encore Bank's typical SBA loan terms?
Encore Bank's SBA 7(a) loans typically feature an average interest rate of 8.63% and average term length of 134 months (approximately 11 years). Loan sizes range from $15K to $4.5M, with an average loan size of $681K.
Do I need a business valuation for a Encore Bank SBA loan?
Yes, Encore 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 Encore Bank compare to other SBA lenders?
Encore Bank has originated 1,008 SBA loans totaling $686.4M 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 Encore Bank lend in?
Encore Bank provides SBA 7(a) financing with particularly strong presence in TX, FL, AR, TN, MO. 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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