Lumbee Guaranty Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lumbee Guaranty Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $2.8M | $1.4M | 33.3% |
| 812220 | Cemeteries and Crematories | 1 | $120K | $120K | 16.7% |
| 561622 | Locksmiths | 1 | $200K | $200K | 16.7% |
Geographic Distribution
SBA lending activity for Lumbee Guaranty Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 5 | $3.0M | 83.3% |
| Virginia (VA) | 1 | $200K | 16.7% |
Why Choose Lumbee Guaranty Bank?
Based on SBA 7(a) lending track record from 1995-2019
- ✓Proven Track Record: 6 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Cemeteries and Crematories, Locksmiths
- ✓Competitive Terms: Average interest rate of 6.44% with flexible term lengths averaging 153 months
- ✓Loan Range: Loan sizes from $40K to $1.9M, with an average of $527K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NC, VA
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 Lumbee Guaranty Bank SBA lending
What types of businesses does Lumbee Guaranty Bank typically finance?
Lumbee Guaranty Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, cemeteries and crematories, locksmiths. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lumbee Guaranty Bank's typical SBA loan terms?
Lumbee Guaranty Bank's SBA 7(a) loans typically feature an average interest rate of 6.44% and average term length of 153 months (approximately 13 years). Loan sizes range from $40K to $1.9M, with an average loan size of $527K.
Do I need a business valuation for a Lumbee Guaranty Bank SBA loan?
Yes, Lumbee Guaranty 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 Lumbee Guaranty Bank compare to other SBA lenders?
Lumbee Guaranty Bank has originated 6 SBA loans totaling $3.2M since 1995. 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 Lumbee Guaranty Bank lend in?
Lumbee Guaranty Bank provides SBA 7(a) financing with particularly strong presence in NC, VA. 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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