Great Nations Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Great Nations Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 2 | $920K | $460K | 25.0% |
| 621210 | Offices of Dentists | 2 | $925K | $463K | 25.0% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 2 | $3.4M | $1.7M | 25.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $283K | $283K | 12.5% |
| 541940 | Veterinary Services | 1 | $400K | $400K | 12.5% |
Geographic Distribution
SBA lending activity for Great Nations Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 5 | $4.6M | 62.5% |
| Florida (FL) | 1 | $525K | 12.5% |
| Indiana (IN) | 1 | $400K | 12.5% |
| Wisconsin (WI) | 1 | $400K | 12.5% |
Why Choose Great Nations Bank?
Based on SBA 7(a) lending track record from 2007-2014
- ✓Proven Track Record: 8 SBA loans approved, totaling $6.0M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Offices of Dentists, Motion Picture Theaters (except Drive-Ins)
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 152 months
- ✓Loan Range: Loan sizes from $283K to $2.2M, with an average of $744K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in OK, IN, FL
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 Great Nations Bank SBA lending
What types of businesses does Great Nations Bank typically finance?
Great Nations Bank specializes in SBA 7(a) lending to specific industries including machine shops, offices of dentists, motion picture theaters (except drive-ins), automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Great Nations Bank's typical SBA loan terms?
Great Nations Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 152 months (approximately 13 years). Loan sizes range from $283K to $2.2M, with an average loan size of $744K.
Do I need a business valuation for a Great Nations Bank SBA loan?
Yes, Great Nations 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 Great Nations Bank compare to other SBA lenders?
Great Nations Bank has originated 8 SBA loans totaling $6.0M since 2007. 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 Great Nations Bank lend in?
Great Nations Bank provides SBA 7(a) financing with particularly strong presence in OK, IN, FL, WI. 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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