Greater Atlantic Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Greater Atlantic Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 1 | $170K | $170K | 33.3% |
| 812113 | Nail Salons | 1 | $40K | $40K | 33.3% |
Geographic Distribution
SBA lending activity for Greater Atlantic Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 2 | $250K | 66.7% |
| Virginia (VA) | 1 | $170K | 33.3% |
Why Choose Greater Atlantic Bank?
Based on SBA 7(a) lending track record from 2003-2003
- ✓Proven Track Record: 3 SBA loans approved, totaling $420K in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Nail Salons
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $40K to $210K, with an average of $140K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MD, VA
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 Greater Atlantic Bank SBA lending
What types of businesses does Greater Atlantic Bank typically finance?
Greater Atlantic Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, nail salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Greater Atlantic Bank's typical SBA loan terms?
Greater Atlantic Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 108 months (approximately 9 years). Loan sizes range from $40K to $210K, with an average loan size of $140K.
Do I need a business valuation for a Greater Atlantic Bank SBA loan?
Yes, Greater Atlantic 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 Greater Atlantic Bank compare to other SBA lenders?
Greater Atlantic Bank has originated 3 SBA loans totaling $420K since 2003. 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 Greater Atlantic Bank lend in?
Greater Atlantic Bank provides SBA 7(a) financing with particularly strong presence in MD, VA. 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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