Hancock Whitney Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Hancock Whitney Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 272 | $164.7M | $606K | 6.8% |
| 722511 | Full-Service Restaurants | 264 | $136.6M | $517K | 6.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 128 | $102.3M | $799K | 3.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 120 | $88.1M | $734K | 3.0% |
| 713990 | All Other Amusement and Recreation Industries | 104 | $50.4M | $484K | 2.6% |
| 713940 | Fitness and Recreational Sports Centers | 104 | $84.1M | $809K | 2.6% |
| 812199 | Other Personal Care Services | 64 | $45.4M | $710K | 1.6% |
| 621310 | Offices of Chiropractors | 64 | $5.0M | $78K | 1.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 64 | $38.3M | $598K | 1.6% |
| 541330 | Engineering Services | 64 | $67.4M | $1.1M | 1.6% |
Geographic Distribution
SBA lending activity for Hancock Whitney Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 944 | $1.02B | 23.5% |
| Florida (FL) | 1,376 | $847.9M | 34.3% |
| Louisiana (LA) | 1,048 | $529.0M | 26.1% |
| Alabama (AL) | 240 | $198.9M | 6.0% |
| Mississippi (MS) | 272 | $165.0M | 6.8% |
| Massachusetts (MA) | 16 | $36.0M | 0.4% |
| Pennsylvania (PA) | 8 | $30.2M | 0.2% |
| Arkansas (AR) | 8 | $23.7M | 0.2% |
| Minnesota (MN) | 8 | $16.0M | 0.2% |
| Tennessee (TN) | 32 | $15.8M | 0.8% |
| Georgia (GA) | 24 | $13.6M | 0.6% |
| Illinois (IL) | 8 | $12.8M | 0.2% |
| Arizona (AZ) | 8 | $12.0M | 0.2% |
| North Carolina (NC) | 8 | $4.9M | 0.2% |
| New Jersey (NJ) | 8 | $4.0M | 0.2% |
| Missouri (MO) | 8 | $3.7M | 0.2% |
Why Choose Hancock Whitney Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 4,016 SBA loans approved, totaling $2.93B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 8.91% with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $729K
- ✓Nationwide Reach: Active lending in 16 states, with strong presence in FL, LA, TX
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 Hancock Whitney Bank SBA lending
What types of businesses does Hancock Whitney Bank typically finance?
Hancock Whitney Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, plumbing, heating, and air-conditioning contractors, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hancock Whitney Bank's typical SBA loan terms?
Hancock Whitney Bank's SBA 7(a) loans typically feature an average interest rate of 8.91% and average term length of 146 months (approximately 12 years). Loan sizes range from $20K to $5.0M, with an average loan size of $729K.
Do I need a business valuation for a Hancock Whitney Bank SBA loan?
Yes, Hancock Whitney 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 Hancock Whitney Bank compare to other SBA lenders?
Hancock Whitney Bank has originated 4,016 SBA loans totaling $2.93B 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 Hancock Whitney Bank lend in?
Hancock Whitney Bank provides SBA 7(a) financing with particularly strong presence in FL, LA, TX, MS, AL. 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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