Limestone Bank Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Limestone Bank Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 1 | $553K | $553K | 50.0% |
Geographic Distribution
SBA lending activity for Limestone Bank Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 2 | $583K | 100.0% |
Why Choose Limestone Bank Inc?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 2 SBA loans approved, totaling $583K in financing
- ✓Industry Expertise: Specialized focus on Offices of Mental Health Practitioners (except Physicians)
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 45 months
- ✓Loan Range: Loan sizes from $30K to $553K, with an average of $291K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Limestone Bank Inc SBA lending
What types of businesses does Limestone Bank Inc typically finance?
Limestone Bank Inc specializes in SBA 7(a) lending to specific industries including offices of mental health practitioners (except physicians). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Limestone Bank Inc's typical SBA loan terms?
Limestone Bank Inc's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 45 months (approximately 4 years). Loan sizes range from $30K to $553K, with an average loan size of $291K.
Do I need a business valuation for a Limestone Bank Inc SBA loan?
Yes, Limestone Bank 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 Limestone Bank Inc compare to other SBA lenders?
Limestone Bank Inc has originated 2 SBA loans totaling $583K since 2011. 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 Limestone Bank Inc lend in?
Limestone Bank Inc provides SBA 7(a) financing with particularly strong presence in 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.
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