Encore Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Encore Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 9 | $3.7M | $408K | 6.2% |
| 561790 | Other Services to Buildings and Dwellings | 9 | $5.9M | $651K | 6.2% |
| 812112 | Beauty Salons | 9 | $3.7M | $416K | 6.2% |
| 722511 | Full-Service Restaurants | 8 | $5.0M | $625K | 5.5% |
| 456110 | Pharmacies and Drug Retailers | 5 | $4.0M | $799K | 3.4% |
| 541519 | Other Computer Related Services | 5 | $3.9M | $780K | 3.4% |
| 484110 | General Freight Trucking, Local | 4 | $2.5M | $627K | 2.7% |
| 811192 | Car Washes | 4 | $5.0M | $1.3M | 2.7% |
| 713990 | All Other Amusement and Recreation Industries | 4 | $609K | $152K | 2.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 4 | $3.1M | $767K | 2.7% |
Geographic Distribution
SBA lending activity for Encore Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 69 | $51.0M | 47.3% |
| Florida (FL) | 25 | $13.7M | 17.1% |
| Arkansas (AR) | 19 | $11.2M | 13.0% |
| Colorado (CO) | 7 | $7.2M | 4.8% |
| Missouri (MO) | 6 | $5.6M | 4.1% |
| Tennessee (TN) | 7 | $4.8M | 4.8% |
| Utah (UT) | 1 | $4.5M | 0.7% |
| North Carolina (NC) | 4 | $2.9M | 2.7% |
| Alabama (AL) | 1 | $1.9M | 0.7% |
| Oklahoma (OK) | 2 | $947K | 1.4% |
| Michigan (MI) | 2 | $839K | 1.4% |
| Indiana (IN) | 1 | $482K | 0.7% |
| South Carolina (SC) | 1 | $231K | 0.7% |
| Connecticut (CT) | 1 | $142K | 0.7% |
Why Choose Encore Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 146 SBA loans approved, totaling $105.4M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Other Services to Buildings and Dwellings, Beauty Salons
- ✓Competitive Terms: Average interest rate of 8.57% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $15K to $4.5M, with an average of $722K
- ✓Nationwide Reach: Active lending in 14 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 limited-service restaurants, other services to buildings and dwellings, beauty salons, full-service restaurants. 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 8.57% and average term length of 135 months (approximately 11 years). Loan sizes range from $15K to $4.5M, with an average loan size of $722K.
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 146 SBA loans totaling $105.4M 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, CO, TN. 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.
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