Equitable Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Equitable Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 5 | $1.1M | $219K | 5.0% |
| 812910 | Pet Care (except Veterinary) Services | 4 | $201K | $50K | 4.0% |
| 115210 | Support Activities for Animal Production | 3 | $350K | $117K | 3.0% |
| 115112 | Soil Preparation, Planting, and Cultivating | 3 | $382K | $127K | 3.0% |
| 621210 | Offices of Dentists | 3 | $825K | $275K | 3.0% |
| 812112 | Beauty Salons | 3 | $159K | $53K | 3.0% |
| 236220 | Commercial and Institutional Building Construction | 3 | $131K | $44K | 3.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $150K | $75K | 2.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $498K | $249K | 2.0% |
| 541211 | Offices of Certified Public Accountants | 2 | $100K | $50K | 2.0% |
Geographic Distribution
SBA lending activity for Equitable Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 98 | $12.3M | 98.0% |
| Iowa (IA) | 2 | $420K | 2.0% |
Why Choose Equitable Bank?
Based on SBA 7(a) lending track record from 2000-2023
- ✓Proven Track Record: 100 SBA loans approved, totaling $12.7M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Pet Care (except Veterinary) Services, Support Activities for Animal Production
- ✓Competitive Terms: Average interest rate of 6.16% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $5K to $900K, with an average of $127K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NE, IA
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 Equitable Bank SBA lending
What types of businesses does Equitable Bank typically finance?
Equitable Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, pet care (except veterinary) services, support activities for animal production, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Equitable Bank's typical SBA loan terms?
Equitable Bank's SBA 7(a) loans typically feature an average interest rate of 6.16% and average term length of 86 months (approximately 7 years). Loan sizes range from $5K to $900K, with an average loan size of $127K.
Do I need a business valuation for a Equitable Bank SBA loan?
Yes, Equitable 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 Equitable Bank compare to other SBA lenders?
Equitable Bank has originated 100 SBA loans totaling $12.7M since 2000. 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 Equitable Bank lend in?
Equitable Bank provides SBA 7(a) financing with particularly strong presence in NE, IA. 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?
Certified valuations are often required for SBA loans over $250,000.
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