Freedom National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Freedom National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $1.4M | $1.4M | 100.0% |
Geographic Distribution
SBA lending activity for Freedom National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Rhode Island (RI) | 1 | $1.4M | 100.0% |
Why Choose Freedom National Bank?
Based on SBA 7(a) lending track record from 2009-2009
- ✓Proven Track Record: 1 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 300 months
- ✓Loan Range: Loan sizes from $1.4M to $1.4M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in RI
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 Freedom National Bank SBA lending
What types of businesses does Freedom National Bank typically finance?
Freedom National Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Freedom National Bank's typical SBA loan terms?
Freedom National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 300 months (approximately 25 years). Loan sizes range from $1.4M to $1.4M, with an average loan size of $1.4M.
Do I need a business valuation for a Freedom National Bank SBA loan?
Yes, Freedom National 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 Freedom National Bank compare to other SBA lenders?
Freedom National Bank has originated 1 SBA loans totaling $1.4M since 2009. 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 Freedom National Bank lend in?
Freedom National Bank provides SBA 7(a) financing with particularly strong presence in RI. 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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