Evolve Bank and Trust
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Evolve Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 152 | $80.7M | $531K | 7.9% |
| 722511 | Full-Service Restaurants | 96 | $81.0M | $843K | 5.0% |
| 713940 | Fitness and Recreational Sports Centers | 88 | $44.9M | $510K | 4.6% |
| 623312 | Homes for the Elderly | 80 | $131.5M | $1.6M | 4.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 64 | $64.0M | $1000K | 3.3% |
| 624410 | Child Day Care Services | 48 | $65.4M | $1.4M | 2.5% |
| 621610 | Home Health Care Services | 40 | $38.1M | $953K | 2.1% |
| 561730 | Landscaping Services | 40 | $45.9M | $1.1M | 2.1% |
| 811111 | General Automotive Repair | 40 | $21.9M | $548K | 2.1% |
| 811192 | Car Washes | 32 | $44.0M | $1.4M | 1.7% |
Geographic Distribution
SBA lending activity for Evolve Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 280 | $215.9M | 14.6% |
| Arizona (AZ) | 232 | $194.5M | 12.1% |
| Washington (WA) | 128 | $161.5M | 6.7% |
| Oregon (OR) | 152 | $155.9M | 7.9% |
| Texas (TX) | 128 | $149.6M | 6.7% |
| Utah (UT) | 88 | $138.0M | 4.6% |
| Colorado (CO) | 144 | $133.3M | 7.5% |
| Florida (FL) | 184 | $115.7M | 9.6% |
| North Carolina (NC) | 48 | $88.4M | 2.5% |
| Arkansas (AR) | 48 | $67.8M | 2.5% |
| Tennessee (TN) | 56 | $67.5M | 2.9% |
| New York (NY) | 56 | $63.5M | 2.9% |
| Pennsylvania (PA) | 56 | $60.0M | 2.9% |
| Virginia (VA) | 32 | $47.2M | 1.7% |
| Massachusetts (MA) | 24 | $42.5M | 1.3% |
| New Jersey (NJ) | 40 | $29.8M | 2.1% |
| Ohio (OH) | 32 | $27.0M | 1.7% |
| Illinois (IL) | 32 | $23.1M | 1.7% |
| Georgia (GA) | 24 | $20.3M | 1.3% |
| South Carolina (SC) | 16 | $19.8M | 0.8% |
| Wyoming (WY) | 16 | $14.3M | 0.8% |
| Indiana (IN) | 16 | $9.5M | 0.8% |
| Rhode Island (RI) | 8 | $7.6M | 0.4% |
| New Mexico (NM) | 8 | $7.0M | 0.4% |
| Michigan (MI) | 16 | $6.2M | 0.8% |
| Missouri (MO) | 16 | $6.0M | 0.8% |
| Kansas (KS) | 8 | $5.7M | 0.4% |
| Nevada (NV) | 8 | $4.9M | 0.4% |
| Alabama (AL) | 8 | $4.9M | 0.4% |
| Wisconsin (WI) | 8 | $3.3M | 0.4% |
| Connecticut (CT) | 8 | $2.6M | 0.4% |
Why Choose Evolve Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,920 SBA loans approved, totaling $1.89B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 8.42% with flexible term lengths averaging 163 months
- ✓Loan Range: Loan sizes from $53K to $5.0M, with an average of $986K
- ✓Nationwide Reach: Active lending in 31 states, with strong presence in CA, AZ, FL
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 Evolve Bank and Trust SBA lending
What types of businesses does Evolve Bank and Trust typically finance?
Evolve Bank and Trust specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, fitness and recreational sports centers, homes for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Evolve Bank and Trust's typical SBA loan terms?
Evolve Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 8.42% and average term length of 163 months (approximately 14 years). Loan sizes range from $53K to $5.0M, with an average loan size of $986K.
Do I need a business valuation for a Evolve Bank and Trust SBA loan?
Yes, Evolve Bank and Trust 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 Evolve Bank and Trust compare to other SBA lenders?
Evolve Bank and Trust has originated 1,920 SBA loans totaling $1.89B 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 Evolve Bank and Trust lend in?
Evolve Bank and Trust provides SBA 7(a) financing with particularly strong presence in CA, AZ, FL, OR, CO. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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