FNB Picayune Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FNB Picayune Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445230 | Fruit and Vegetable Retailers | 3 | $171K | $57K | 15.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $75K | $75K | 5.0% |
| 624410 | Child Care Services | 1 | $40K | $40K | 5.0% |
| 221330 | Steam and Air-Conditioning Supply | 1 | $80K | $80K | 5.0% |
| 561621 | Security Systems Services (except Locksmiths) | 1 | $15K | $15K | 5.0% |
Geographic Distribution
SBA lending activity for FNB Picayune Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 20 | $1.5M | 100.0% |
Why Choose FNB Picayune Bank?
Based on SBA 7(a) lending track record from 1991-2002
- ✓Proven Track Record: 20 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Fruit and Vegetable Retailers, Coin-Operated Laundries and Drycleaners, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 136 months
- ✓Loan Range: Loan sizes from $15K to $200K, with an average of $77K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 FNB Picayune Bank SBA lending
What types of businesses does FNB Picayune Bank typically finance?
FNB Picayune Bank specializes in SBA 7(a) lending to specific industries including fruit and vegetable retailers, coin-operated laundries and drycleaners, child care services, steam and air-conditioning supply. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FNB Picayune Bank's typical SBA loan terms?
FNB Picayune Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 136 months (approximately 11 years). Loan sizes range from $15K to $200K, with an average loan size of $77K.
Do I need a business valuation for a FNB Picayune Bank SBA loan?
Yes, FNB Picayune 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 FNB Picayune Bank compare to other SBA lenders?
FNB Picayune Bank has originated 20 SBA loans totaling $1.5M 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 FNB Picayune Bank lend in?
FNB Picayune Bank provides SBA 7(a) financing with particularly strong presence in MS. 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.
Get your certified valuation from Fair Market Value.