Grove Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Grove Bank & Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $325K | $325K | 10.0% |
| 541330 | Engineering Services | 1 | $50K | $50K | 10.0% |
Geographic Distribution
SBA lending activity for Grove Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 10 | $761K | 100.0% |
Why Choose Grove Bank & Trust?
Based on SBA 7(a) lending track record from 1995-2008
- ✓Proven Track Record: 10 SBA loans approved, totaling $761K in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Engineering Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 77 months
- ✓Loan Range: Loan sizes from $27K to $325K, with an average of $76K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence 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 Grove Bank & Trust SBA lending
What types of businesses does Grove Bank & Trust typically finance?
Grove Bank & Trust specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Grove Bank & Trust's typical SBA loan terms?
Grove Bank & Trust's SBA 7(a) loans typically feature an average interest rate of — and average term length of 77 months (approximately 6 years). Loan sizes range from $27K to $325K, with an average loan size of $76K.
Do I need a business valuation for a Grove Bank & Trust SBA loan?
Yes, Grove Bank & Trust 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 Grove Bank & Trust compare to other SBA lenders?
Grove Bank & Trust has originated 10 SBA loans totaling $761K since 1995. 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 Grove Bank & Trust lend in?
Grove Bank & Trust provides SBA 7(a) financing with particularly strong presence in FL. 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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