Genesis Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Genesis Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 119 | $140.6M | $1.2M | 13.9% |
| 621210 | Offices of Dentists | 34 | $20.1M | $590K | 4.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 24 | $16.0M | $666K | 2.8% |
| 811111 | General Automotive Repair | 16 | $8.2M | $512K | 1.9% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 14 | $9.8M | $702K | 1.6% |
| 811192 | Car Washes | 13 | $15.1M | $1.2M | 1.5% |
| 441120 | Used Car Dealers | 9 | $9.8M | $1.1M | 1.0% |
| 624410 | Child Care Services | 8 | $6.9M | $861K | 0.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 7 | $7.6M | $1.1M | 0.8% |
| 812310 | Coin-Operated Laundries and Drycleaners | 7 | $3.4M | $491K | 0.8% |
Geographic Distribution
SBA lending activity for Genesis Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 544 | $441.5M | 63.3% |
| Texas (TX) | 35 | $32.5M | 4.1% |
| Arizona (AZ) | 21 | $23.4M | 2.4% |
| Illinois (IL) | 24 | $22.9M | 2.8% |
| Nevada (NV) | 18 | $19.2M | 2.1% |
| South Carolina (SC) | 16 | $18.7M | 1.9% |
| Washington (WA) | 16 | $15.4M | 1.9% |
| North Carolina (NC) | 13 | $15.1M | 1.5% |
| New Mexico (NM) | 11 | $13.0M | 1.3% |
| Michigan (MI) | 13 | $10.9M | 1.5% |
| Indiana (IN) | 8 | $9.7M | 0.9% |
| Florida (FL) | 10 | $9.3M | 1.2% |
| Virginia (VA) | 11 | $8.9M | 1.3% |
| New Jersey (NJ) | 9 | $8.1M | 1.0% |
| New York (NY) | 8 | $7.7M | 0.9% |
| Pennsylvania (PA) | 10 | $7.5M | 1.2% |
| Ohio (OH) | 9 | $6.8M | 1.0% |
| Georgia (GA) | 5 | $6.5M | 0.6% |
| Oregon (OR) | 7 | $6.3M | 0.8% |
| Wisconsin (WI) | 6 | $6.3M | 0.7% |
| Mississippi (MS) | 6 | $6.0M | 0.7% |
| Minnesota (MN) | 6 | $5.9M | 0.7% |
| Colorado (CO) | 6 | $4.6M | 0.7% |
| Maryland (MD) | 3 | $4.2M | 0.3% |
| Tennessee (TN) | 4 | $3.4M | 0.5% |
| Wyoming (WY) | 3 | $3.3M | 0.3% |
| Iowa (IA) | 4 | $3.1M | 0.5% |
| Alabama (AL) | 3 | $3.0M | 0.3% |
| Missouri (MO) | 6 | $2.9M | 0.7% |
| Kentucky (KY) | 2 | $2.4M | 0.2% |
| West Virginia (WV) | 3 | $2.0M | 0.3% |
| Louisiana (LA) | 3 | $1.9M | 0.3% |
| Oklahoma (OK) | 2 | $1.2M | 0.2% |
| Idaho (ID) | 2 | $1.2M | 0.2% |
| Utah (UT) | 2 | $1.0M | 0.2% |
| Kansas (KS) | 2 | $921K | 0.2% |
| Hawaii (HI) | 1 | $526K | 0.1% |
| Rhode Island (RI) | 2 | $508K | 0.2% |
| Montana (MT) | 1 | $425K | 0.1% |
| Massachusetts (MA) | 1 | $400K | 0.1% |
| Alaska (AK) | 1 | $383K | 0.1% |
| District of Columbia (DC) | 1 | $352K | 0.1% |
| Nebraska (NE) | 1 | $173K | 0.1% |
Why Choose Genesis Bank?
Based on SBA 7(a) lending track record from 2005-2020
- ✓Proven Track Record: 859 SBA loans approved, totaling $739.4M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Offices of Dentists, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 5.94% with flexible term lengths averaging 236 months
- ✓Loan Range: Loan sizes from $24K to $3.1M, with an average of $861K
- ✓Nationwide Reach: Active lending in 43 states, with strong presence in CA, TX, 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 Genesis Bank SBA lending
What types of businesses does Genesis Bank typically finance?
Genesis Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, offices of dentists, offices of physicians (except mental health specialists), general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Genesis Bank's typical SBA loan terms?
Genesis Bank's SBA 7(a) loans typically feature an average interest rate of 5.94% and average term length of 236 months (approximately 20 years). Loan sizes range from $24K to $3.1M, with an average loan size of $861K.
Do I need a business valuation for a Genesis Bank SBA loan?
Yes, Genesis 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 Genesis Bank compare to other SBA lenders?
Genesis Bank has originated 859 SBA loans totaling $739.4M since 2005. 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 Genesis Bank lend in?
Genesis Bank provides SBA 7(a) financing with particularly strong presence in CA, TX, IL, AZ, NV. 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.
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