Icon Business Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Icon Business Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $4.1M | $514K | 8.3% |
| 811191 | Automotive Oil Change and Lubrication Shops | 8 | $4.4M | $553K | 8.3% |
| 332111 | Iron and Steel Forging | 8 | $2.4M | $300K | 8.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $5.9M | $738K | 8.3% |
| 236220 | Commercial and Institutional Building Construction | 8 | $24.8M | $3.1M | 8.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.9M | $243K | 8.3% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $6.8M | $850K | 8.3% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $5.0M | $620K | 8.3% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $24.8M | $3.1M | 8.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $5.2M | $645K | 8.3% |
Geographic Distribution
SBA lending activity for Icon Business Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 72 | $92.2M | 75.0% |
| Nevada (NV) | 24 | $54.7M | 25.0% |
Why Choose Icon Business Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $146.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Automotive Oil Change and Lubrication Shops, Iron and Steel Forging
- ✓Competitive Terms: Average interest rate of 9.77% with flexible term lengths averaging 182 months
- ✓Loan Range: Loan sizes from $243K to $4.6M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, NV
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 Icon Business Bank SBA lending
What types of businesses does Icon Business Bank typically finance?
Icon Business Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, automotive oil change and lubrication shops, iron and steel forging, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Icon Business Bank's typical SBA loan terms?
Icon Business Bank's SBA 7(a) loans typically feature an average interest rate of 9.77% and average term length of 182 months (approximately 15 years). Loan sizes range from $243K to $4.6M, with an average loan size of $1.5M.
Do I need a business valuation for a Icon Business Bank SBA loan?
Yes, Icon Business 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 Icon Business Bank compare to other SBA lenders?
Icon Business Bank has originated 96 SBA loans totaling $146.9M 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 Icon Business Bank lend in?
Icon Business Bank provides SBA 7(a) financing with particularly strong presence in CA, NV. 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.
Get your certified valuation from Fair Market Value.