Flora Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Flora Bank & Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 213111 | Drilling Oil and Gas Wells | 1 | $50K | $50K | 25.0% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $340K | $340K | 25.0% |
| 621310 | Offices of Chiropractors | 1 | $25K | $25K | 25.0% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $67K | $67K | 25.0% |
Geographic Distribution
SBA lending activity for Flora Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 4 | $482K | 100.0% |
Why Choose Flora Bank & Trust?
Based on SBA 7(a) lending track record from 1996-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $482K in financing
- ✓Industry Expertise: Specialized focus on Drilling Oil and Gas Wells, Pet Care (except Veterinary) Services, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $25K to $340K, with an average of $120K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Flora Bank & Trust SBA lending
What types of businesses does Flora Bank & Trust typically finance?
Flora Bank & Trust specializes in SBA 7(a) lending to specific industries including drilling oil and gas wells, pet care (except veterinary) services, offices of chiropractors, support activities for oil and gas operations. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Flora Bank & Trust's typical SBA loan terms?
Flora Bank & Trust's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $25K to $340K, with an average loan size of $120K.
Do I need a business valuation for a Flora Bank & Trust SBA loan?
Yes, Flora Bank & 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 Flora Bank & Trust compare to other SBA lenders?
Flora Bank & Trust has originated 4 SBA loans totaling $482K since 1996. 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 Flora Bank & Trust lend in?
Flora Bank & Trust provides SBA 7(a) financing with particularly strong presence in IL. 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.
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