Legence Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Legence Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 38 | $100.6M | $2.6M | 14.6% |
| 722513 | Limited-Service Restaurants | 16 | $5.1M | $319K | 6.1% |
| 624410 | Child Care Services | 9 | $1.4M | $151K | 3.4% |
| 722511 | Full-Service Restaurants | 7 | $812K | $116K | 2.7% |
| 112120 | Dairy Cattle and Milk Production | 6 | $4.7M | $784K | 2.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 5 | $1.9M | $375K | 1.9% |
| 812112 | Beauty Salons | 5 | $1.7M | $337K | 1.9% |
| 812910 | Pet Care (except Veterinary) Services | 4 | $254K | $64K | 1.5% |
| 812990 | All Other Personal Services | 4 | $1.3M | $322K | 1.5% |
| 488410 | Motor Vehicle Towing | 3 | $462K | $154K | 1.1% |
Geographic Distribution
SBA lending activity for Legence Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 113 | $34.6M | 43.3% |
| Indiana (IN) | 68 | $32.6M | 26.1% |
| Michigan (MI) | 22 | $18.5M | 8.4% |
| Louisiana (LA) | 6 | $14.2M | 2.3% |
| Florida (FL) | 6 | $14.1M | 2.3% |
| Ohio (OH) | 4 | $12.2M | 1.5% |
| Kentucky (KY) | 12 | $9.3M | 4.6% |
| Texas (TX) | 3 | $8.6M | 1.1% |
| Tennessee (TN) | 5 | $8.3M | 1.9% |
| Missouri (MO) | 2 | $6.9M | 0.8% |
| North Carolina (NC) | 4 | $6.9M | 1.5% |
| Pennsylvania (PA) | 3 | $6.7M | 1.1% |
| Georgia (GA) | 1 | $5.0M | 0.4% |
| Maryland (MD) | 2 | $4.6M | 0.8% |
| New Mexico (NM) | 1 | $2.5M | 0.4% |
| Virginia (VA) | 2 | $1.9M | 0.8% |
| Hawaii (HI) | 2 | $1.7M | 0.8% |
| California (CA) | 1 | $915K | 0.4% |
| Alabama (AL) | 2 | $511K | 0.8% |
| Mississippi (MS) | 1 | $350K | 0.4% |
| Washington (WA) | 1 | $250K | 0.4% |
Why Choose Legence Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 261 SBA loans approved, totaling $190.5M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Limited-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.97% with flexible term lengths averaging 167 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $730K
- ✓Nationwide Reach: Active lending in 21 states, with strong presence in IL, IN, 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 Legence Bank SBA lending
What types of businesses does Legence Bank typically finance?
Legence Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, limited-service restaurants, child care services, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Legence Bank's typical SBA loan terms?
Legence Bank's SBA 7(a) loans typically feature an average interest rate of 5.97% and average term length of 167 months (approximately 14 years). Loan sizes range from $10K to $5.0M, with an average loan size of $730K.
Do I need a business valuation for a Legence Bank SBA loan?
Yes, Legence 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 Legence Bank compare to other SBA lenders?
Legence Bank has originated 261 SBA loans totaling $190.5M since 1991. 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 Legence Bank lend in?
Legence Bank provides SBA 7(a) financing with particularly strong presence in IL, IN, MI, KY, LA. 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.
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