Genesis Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Genesis Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423720 | Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Whole | 8 | $2.1M | $268K | 20.0% |
| 446191 | Food (Health) Supplement Stores | 8 | $3.2M | $395K | 20.0% |
| 621310 | Offices of Chiropractors | 8 | $1.7M | $216K | 20.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $4.0M | $505K | 20.0% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 8 | $4.9M | $616K | 20.0% |
Geographic Distribution
SBA lending activity for Genesis Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 40 | $16.0M | 100.0% |
Why Choose Genesis Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $16.0M in financing
- ✓Industry Expertise: Specialized focus on Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Whole, Food (Health) Supplement Stores, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $216K to $616K, with an average of $400K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 plumbing and heating equipment and supplies (hydronics) merchant whole, food (health) supplement stores, offices of chiropractors, plumbing, heating, and air-conditioning contractors. 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 7.00% and average term length of 144 months (approximately 12 years). Loan sizes range from $216K to $616K, with an average loan size of $400K.
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 40 SBA loans totaling $16.0M since 2020. 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. 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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