IncredibleBank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by IncredibleBank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 264 | $514.0M | $1.9M | 8.0% |
| 722511 | Full-Service Restaurants | 240 | $289.1M | $1.2M | 7.2% |
| 445310 | Beer, Wine, and Liquor Stores | 120 | $92.7M | $773K | 3.6% |
| 447110 | Gasoline Stations with Convenience Stores | 112 | $153.8M | $1.4M | 3.4% |
| 812210 | Funeral Homes and Funeral Services | 112 | $174.9M | $1.6M | 3.4% |
| 811111 | General Automotive Repair | 96 | $89.4M | $931K | 2.9% |
| 722513 | Limited-Service Restaurants | 88 | $35.6M | $405K | 2.7% |
| 445320 | Other | 80 | $85.6M | $1.1M | 2.4% |
| 492210 | Local Messengers and Local Delivery | 72 | $63.1M | $877K | 2.2% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 72 | $122.7M | $1.7M | 2.2% |
Geographic Distribution
SBA lending activity for IncredibleBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 336 | $542.9M | 10.1% |
| Texas (TX) | 296 | $512.3M | 8.9% |
| Wisconsin (WI) | 480 | $441.6M | 14.5% |
| Florida (FL) | 320 | $378.4M | 9.6% |
| Colorado (CO) | 264 | $309.8M | 8.0% |
| North Carolina (NC) | 208 | $292.4M | 6.3% |
| Michigan (MI) | 320 | $233.3M | 9.6% |
| Indiana (IN) | 80 | $149.1M | 2.4% |
| Georgia (GA) | 104 | $105.3M | 3.1% |
| Illinois (IL) | 112 | $99.1M | 3.4% |
| Ohio (OH) | 48 | $98.8M | 1.4% |
| Pennsylvania (PA) | 104 | $96.7M | 3.1% |
| New York (NY) | 80 | $94.0M | 2.4% |
| Maryland (MD) | 80 | $84.3M | 2.4% |
| Tennessee (TN) | 56 | $50.3M | 1.7% |
| South Carolina (SC) | 40 | $50.2M | 1.2% |
| New Jersey (NJ) | 40 | $47.1M | 1.2% |
| Oregon (OR) | 8 | $40.0M | 0.2% |
| Minnesota (MN) | 24 | $39.4M | 0.7% |
| Arizona (AZ) | 16 | $35.0M | 0.5% |
| Alabama (AL) | 32 | $30.1M | 1.0% |
| Louisiana (LA) | 24 | $28.4M | 0.7% |
| Iowa (IA) | 24 | $21.8M | 0.7% |
| Rhode Island (RI) | 16 | $21.1M | 0.5% |
| Connecticut (CT) | 24 | $20.4M | 0.7% |
| Arkansas (AR) | 16 | $20.0M | 0.5% |
| Washington (WA) | 24 | $19.6M | 0.7% |
| Missouri (MO) | 24 | $19.5M | 0.7% |
| Massachusetts (MA) | 24 | $19.3M | 0.7% |
| Nebraska (NE) | 8 | $18.7M | 0.2% |
| Nevada (NV) | 16 | $17.2M | 0.5% |
| Utah (UT) | 8 | $16.5M | 0.2% |
| Vermont (VT) | 8 | $15.1M | 0.2% |
| Virginia (VA) | 16 | $14.6M | 0.5% |
| Maine (ME) | 8 | $8.7M | 0.2% |
| Kentucky (KY) | 8 | $8.6M | 0.2% |
| Oklahoma (OK) | 8 | $8.1M | 0.2% |
| Mississippi (MS) | 8 | $5.7M | 0.2% |
| Hawaii (HI) | 8 | $2.8M | 0.2% |
Why Choose IncredibleBank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,320 SBA loans approved, totaling $4.02B in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Full-Service Restaurants, Beer, Wine, and Liquor Stores
- ✓Competitive Terms: Average interest rate of 6.73% with flexible term lengths averaging 193 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 39 states, with strong presence in WI, CA, 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 IncredibleBank SBA lending
What types of businesses does IncredibleBank typically finance?
IncredibleBank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, full-service restaurants, beer, wine, and liquor stores, gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are IncredibleBank's typical SBA loan terms?
IncredibleBank's SBA 7(a) loans typically feature an average interest rate of 6.73% and average term length of 193 months (approximately 16 years). Loan sizes range from $25K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a IncredibleBank SBA loan?
Yes, IncredibleBank 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 IncredibleBank compare to other SBA lenders?
IncredibleBank has originated 3,320 SBA loans totaling $4.02B 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 IncredibleBank lend in?
IncredibleBank provides SBA 7(a) financing with particularly strong presence in WI, CA, MI, FL, TX. 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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