Magnolia Bank Incorporated
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Magnolia Bank Incorporated · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 3 | $243K | $81K | 7.0% |
| 713990 | All Other Amusement and Recreation Industries | 2 | $133K | $67K | 4.7% |
| 722511 | Full-Service Restaurants | 2 | $1.3M | $630K | 4.7% |
| 811122 | Automotive Glass Replacement Shops | 2 | $77K | $38K | 4.7% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $91K | $46K | 4.7% |
| 811111 | General Automotive Repair | 2 | $77K | $38K | 4.7% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $245K | $123K | 4.7% |
| 621310 | Offices of Chiropractors | 1 | $70K | $70K | 2.3% |
| 621210 | Offices of Dentists | 1 | $225K | $225K | 2.3% |
| 238990 | All Other Specialty Trade Contractors | 1 | $90K | $90K | 2.3% |
Geographic Distribution
SBA lending activity for Magnolia Bank Incorporated by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 43 | $8.5M | 100.0% |
Why Choose Magnolia Bank Incorporated?
Based on SBA 7(a) lending track record from 1995-2017
- ✓Proven Track Record: 43 SBA loans approved, totaling $8.5M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, All Other Amusement and Recreation Industries, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.40% with flexible term lengths averaging 133 months
- ✓Loan Range: Loan sizes from $11K to $1.5M, with an average of $197K
- ✓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 Magnolia Bank Incorporated SBA lending
What types of businesses does Magnolia Bank Incorporated typically finance?
Magnolia Bank Incorporated specializes in SBA 7(a) lending to specific industries including landscaping services, all other amusement and recreation industries, full-service restaurants, automotive glass replacement shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Magnolia Bank Incorporated's typical SBA loan terms?
Magnolia Bank Incorporated's SBA 7(a) loans typically feature an average interest rate of 5.40% and average term length of 133 months (approximately 11 years). Loan sizes range from $11K to $1.5M, with an average loan size of $197K.
Do I need a business valuation for a Magnolia Bank Incorporated SBA loan?
Yes, Magnolia Bank Incorporated 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 Magnolia Bank Incorporated compare to other SBA lenders?
Magnolia Bank Incorporated has originated 43 SBA loans totaling $8.5M 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 Magnolia Bank Incorporated lend in?
Magnolia Bank Incorporated 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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