Highpoint Community Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Highpoint Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 24 | $4.5M | $189K | 6.8% |
| 812112 | Beauty Salons | 24 | $5.2M | $215K | 6.8% |
| 339920 | Sporting and Athletic Goods Manufacturing | 24 | $7.0M | $291K | 6.8% |
| 541940 | Veterinary Services | 16 | $10.0M | $623K | 4.5% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $27.4M | $1.7M | 4.5% |
| 532310 | General Rental Centers | 16 | $3.2M | $200K | 4.5% |
| 722513 | Limited-Service Restaurants | 16 | $2.1M | $132K | 4.5% |
| 238990 | All Other Specialty Trade Contractors | 16 | $2.5M | $154K | 4.5% |
| 561730 | Landscaping Services | 16 | $4.1M | $258K | 4.5% |
| 811192 | Car Washes | 16 | $2.9M | $183K | 4.5% |
Geographic Distribution
SBA lending activity for Highpoint Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 352 | $160.6M | 100.0% |
Why Choose Highpoint Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 352 SBA loans approved, totaling $160.6M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Beauty Salons, Sporting and Athletic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of 6.71% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $30K to $3.6M, with an average of $456K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Highpoint Community Bank SBA lending
What types of businesses does Highpoint Community Bank typically finance?
Highpoint Community Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, beauty salons, sporting and athletic goods manufacturing, veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Highpoint Community Bank's typical SBA loan terms?
Highpoint Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.71% and average term length of 154 months (approximately 13 years). Loan sizes range from $30K to $3.6M, with an average loan size of $456K.
Do I need a business valuation for a Highpoint Community Bank SBA loan?
Yes, Highpoint Community 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 Highpoint Community Bank compare to other SBA lenders?
Highpoint Community Bank has originated 352 SBA loans totaling $160.6M 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 Highpoint Community Bank lend in?
Highpoint Community Bank provides SBA 7(a) financing with particularly strong presence in MI. 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?
Professional valuations are often required for SBA loans over $250,000.
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