Hearthside Bank Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Hearthside Bank Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812210 | Funeral Homes and Funeral Services | 1 | $85K | $85K | 25.0% |
Geographic Distribution
SBA lending activity for Hearthside Bank Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 2 | $386K | 50.0% |
| Kentucky (KY) | 2 | $125K | 50.0% |
Why Choose Hearthside Bank Corporation?
Based on SBA 7(a) lending track record from 2002-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $511K in financing
- ✓Industry Expertise: Specialized focus on Funeral Homes and Funeral Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $40K to $266K, with an average of $128K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, KY
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 Hearthside Bank Corporation SBA lending
What types of businesses does Hearthside Bank Corporation typically finance?
Hearthside Bank Corporation specializes in SBA 7(a) lending to specific industries including funeral homes and funeral services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hearthside Bank Corporation's typical SBA loan terms?
Hearthside Bank Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 142 months (approximately 12 years). Loan sizes range from $40K to $266K, with an average loan size of $128K.
Do I need a business valuation for a Hearthside Bank Corporation SBA loan?
Yes, Hearthside Bank Corporation 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 Hearthside Bank Corporation compare to other SBA lenders?
Hearthside Bank Corporation has originated 4 SBA loans totaling $511K since 2002. 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 Hearthside Bank Corporation lend in?
Hearthside Bank Corporation provides SBA 7(a) financing with particularly strong presence in TN, KY. 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.
Get your certified valuation from Fair Market Value.