Legacy National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Legacy National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112310 | Chicken Egg Production | 29 | $10.5M | $361K | 17.8% |
| 112320 | Broilers and Other Meat Type Chicken Production | 14 | $18.8M | $1.3M | 8.6% |
| 722511 | Full-Service Restaurants | 12 | $6.3M | $522K | 7.4% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 6 | $2.9M | $490K | 3.7% |
| 312120 | Breweries | 4 | $531K | $133K | 2.5% |
| 722513 | Limited-Service Restaurants | 4 | $834K | $209K | 2.5% |
| 236118 | Residential Remodelers | 3 | $396K | $132K | 1.8% |
| 562119 | Other Waste Collection | 3 | $1.6M | $517K | 1.8% |
| 562111 | Solid Waste Collection | 3 | $810K | $270K | 1.8% |
| 624410 | Child Care Services | 3 | $198K | $66K | 1.8% |
Geographic Distribution
SBA lending activity for Legacy National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 136 | $54.6M | 83.4% |
| Oklahoma (OK) | 25 | $10.0M | 15.3% |
| Louisiana (LA) | 1 | $1.9M | 0.6% |
| Texas (TX) | 1 | $325K | 0.6% |
Why Choose Legacy National Bank?
Based on SBA 7(a) lending track record from 2002-2020
- ✓Proven Track Record: 163 SBA loans approved, totaling $66.9M in financing
- ✓Industry Expertise: Specialized focus on Chicken Egg Production, Broilers and Other Meat Type Chicken Production, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.84% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $10K to $3.5M, with an average of $410K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in AR, OK, LA
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 National Bank SBA lending
What types of businesses does Legacy National Bank typically finance?
Legacy National Bank specializes in SBA 7(a) lending to specific industries including chicken egg production, broilers and other meat type chicken production, full-service restaurants, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Legacy National Bank's typical SBA loan terms?
Legacy National Bank's SBA 7(a) loans typically feature an average interest rate of 5.84% and average term length of 126 months (approximately 11 years). Loan sizes range from $10K to $3.5M, with an average loan size of $410K.
Do I need a business valuation for a Legacy National Bank SBA loan?
Yes, Legacy National 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 National Bank compare to other SBA lenders?
Legacy National Bank has originated 163 SBA loans totaling $66.9M since 2002. 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 National Bank lend in?
Legacy National Bank provides SBA 7(a) financing with particularly strong presence in AR, OK, LA, 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.