Legacy Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Legacy Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 213112 | Support Activities for Oil and Gas Operations | 96 | $10.0M | $104K | 9.9% |
| 484110 | General Freight Trucking, Local | 48 | $4.5M | $93K | 5.0% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 40 | $5.8M | $144K | 4.1% |
| 811111 | General Automotive Repair | 40 | $2.6M | $66K | 4.1% |
| 722511 | Full-Service Restaurants | 40 | $17.1M | $427K | 4.1% |
| 722513 | Limited-Service Restaurants | 32 | $5.3M | $165K | 3.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $7.5M | $235K | 3.3% |
| 456110 | Other | 32 | $5.6M | $174K | 3.3% |
| 561730 | Landscaping Services | 32 | $1.0M | $32K | 3.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 32 | $9.1M | $284K | 3.3% |
Geographic Distribution
SBA lending activity for Legacy Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 200 | $145.6M | 20.7% |
| Oklahoma (OK) | 648 | $113.0M | 66.9% |
| Texas (TX) | 80 | $32.1M | 8.3% |
| Alaska (AK) | 8 | $14.1M | 0.8% |
| Kansas (KS) | 8 | $12.0M | 0.8% |
| Arkansas (AR) | 16 | $7.6M | 1.7% |
| Kentucky (KY) | 8 | $4.9M | 0.8% |
Why Choose Legacy Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 968 SBA loans approved, totaling $329.4M in financing
- ✓Industry Expertise: Specialized focus on Support Activities for Oil and Gas Operations, General Freight Trucking, Local, Other Commercial and Industrial Machinery and Equipment Rental and Lea
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $9K to $3.0M, with an average of $340K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in OK, CA, TX
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 Legacy Bank SBA lending
What types of businesses does Legacy Bank typically finance?
Legacy Bank specializes in SBA 7(a) lending to specific industries including support activities for oil and gas operations, general freight trucking, local, other commercial and industrial machinery and equipment rental and lea, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Legacy Bank's typical SBA loan terms?
Legacy Bank's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 97 months (approximately 8 years). Loan sizes range from $9K to $3.0M, with an average loan size of $340K.
Do I need a business valuation for a Legacy Bank SBA loan?
Yes, Legacy 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 Legacy Bank compare to other SBA lenders?
Legacy Bank has originated 968 SBA loans totaling $329.4M 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 Legacy Bank lend in?
Legacy Bank provides SBA 7(a) financing with particularly strong presence in OK, CA, TX, AR, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.