International Bancorp of Miami, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by International Bancorp of Miami, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $1.4M | $1.4M | 100.0% |
Geographic Distribution
SBA lending activity for International Bancorp of Miami, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 1 | $1.4M | 100.0% |
Why Choose International Bancorp of Miami, Inc.?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 1 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 264 months
- ✓Loan Range: Loan sizes from $1.4M to $1.4M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 International Bancorp of Miami, Inc. SBA lending
What types of businesses does International Bancorp of Miami, Inc. typically finance?
International Bancorp of Miami, Inc. specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are International Bancorp of Miami, Inc.'s typical SBA loan terms?
International Bancorp of Miami, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 264 months (approximately 22 years). Loan sizes range from $1.4M to $1.4M, with an average loan size of $1.4M.
Do I need a business valuation for a International Bancorp of Miami, Inc. SBA loan?
Yes, International Bancorp of Miami, Inc. 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 International Bancorp of Miami, Inc. compare to other SBA lenders?
International Bancorp of Miami, Inc. has originated 1 SBA loans totaling $1.4M since 2007. 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 International Bancorp of Miami, Inc. lend in?
International Bancorp of Miami, Inc. provides SBA 7(a) financing with particularly strong presence in FL. 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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