Extraco Banks National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Extraco Banks National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $165K | $83K | 2.7% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $164K | $82K | 2.7% |
| 339950 | Sign Manufacturing | 2 | $1.1M | $550K | 2.7% |
| 811111 | General Automotive Repair | 2 | $251K | $126K | 2.7% |
| 541611 | Administrative Management and General Management Consulting Services | 1 | $150K | $150K | 1.4% |
| 332812 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 1 | $150K | $150K | 1.4% |
| 441120 | Used Car Dealers | 1 | $130K | $130K | 1.4% |
| 611511 | Cosmetology and Barber Schools | 1 | $56K | $56K | 1.4% |
| 621210 | Offices of Dentists | 1 | $150K | $150K | 1.4% |
| 624410 | Child Care Services | 1 | $25K | $25K | 1.4% |
Geographic Distribution
SBA lending activity for Extraco Banks National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 73 | $13.3M | 100.0% |
Why Choose Extraco Banks National Association?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 73 SBA loans approved, totaling $13.3M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Automotive Body, Paint, and Interior Repair and Maintenance, Sign Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $20K to $1.3M, with an average of $182K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Extraco Banks National Association SBA lending
What types of businesses does Extraco Banks National Association typically finance?
Extraco Banks National Association specializes in SBA 7(a) lending to specific industries including beauty salons, automotive body, paint, and interior repair and maintenance, sign manufacturing, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Extraco Banks National Association's typical SBA loan terms?
Extraco Banks National Association's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 90 months (approximately 8 years). Loan sizes range from $20K to $1.3M, with an average loan size of $182K.
Do I need a business valuation for a Extraco Banks National Association SBA loan?
Yes, Extraco Banks 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 Extraco Banks National Association compare to other SBA lenders?
Extraco Banks National Association has originated 73 SBA loans totaling $13.3M since 1991. 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 Extraco Banks National Association lend in?
Extraco Banks National Association provides SBA 7(a) financing with particularly strong presence in TX. 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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