McKenzie Banking Company, A Division of Foundation Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by McKenzie Banking Company, A Division of Foundation Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $4.3M | $540K | 33.3% |
| 722513 | Limited-Service Restaurants | 8 | $2.4M | $300K | 33.3% |
| 561730 | Landscaping Services | 8 | $4.2M | $522K | 33.3% |
Geographic Distribution
SBA lending activity for McKenzie Banking Company, A Division of Foundation Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 24 | $10.9M | 100.0% |
Why Choose McKenzie Banking Company, A Division of Foundation Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $10.9M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Store Retailers (except Tobacco Stores), Limited-Service Restaurants, Landscaping Services
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $300K to $540K, with an average of $454K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 McKenzie Banking Company, A Division of Foundation Bank SBA lending
What types of businesses does McKenzie Banking Company, A Division of Foundation Bank typically finance?
McKenzie Banking Company, A Division of Foundation Bank specializes in SBA 7(a) lending to specific industries including all other miscellaneous store retailers (except tobacco stores), limited-service restaurants, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are McKenzie Banking Company, A Division of Foundation Bank's typical SBA loan terms?
McKenzie Banking Company, A Division of Foundation Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 162 months (approximately 14 years). Loan sizes range from $300K to $540K, with an average loan size of $454K.
Do I need a business valuation for a McKenzie Banking Company, A Division of Foundation Bank SBA loan?
Yes, McKenzie Banking Company, A Division of Foundation 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 McKenzie Banking Company, A Division of Foundation Bank compare to other SBA lenders?
McKenzie Banking Company, A Division of Foundation Bank has originated 24 SBA loans totaling $10.9M since 2020. 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 McKenzie Banking Company, A Division of Foundation Bank lend in?
McKenzie Banking Company, A Division of Foundation Bank provides SBA 7(a) financing with particularly strong presence in TN. 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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