MCNB Bank and Trust Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by MCNB Bank and Trust Co. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $30K | $30K | 4.8% |
| 332812 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 1 | $550K | $550K | 4.8% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $15K | $15K | 4.8% |
| 113310 | Logging | 1 | $24K | $24K | 4.8% |
Geographic Distribution
SBA lending activity for MCNB Bank and Trust Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 19 | $1.4M | 90.5% |
| Virginia (VA) | 1 | $150K | 4.8% |
| North Carolina (NC) | 1 | $50K | 4.8% |
Why Choose MCNB Bank and Trust Co.?
Based on SBA 7(a) lending track record from 1995-2004
- ✓Proven Track Record: 21 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $13K to $550K, with an average of $76K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in WV, VA, NC
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 MCNB Bank and Trust Co. SBA lending
What types of businesses does MCNB Bank and Trust Co. typically finance?
MCNB Bank and Trust Co. specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, metal coating, engraving (except jewelry and silverware), and allied services to manufacturers, fitness and recreational sports centers, logging. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are MCNB Bank and Trust Co.'s typical SBA loan terms?
MCNB Bank and Trust Co.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 101 months (approximately 8 years). Loan sizes range from $13K to $550K, with an average loan size of $76K.
Do I need a business valuation for a MCNB Bank and Trust Co. SBA loan?
Yes, MCNB Bank and Trust Co. 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 MCNB Bank and Trust Co. compare to other SBA lenders?
MCNB Bank and Trust Co. has originated 21 SBA loans totaling $1.6M 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 MCNB Bank and Trust Co. lend in?
MCNB Bank and Trust Co. provides SBA 7(a) financing with particularly strong presence in WV, VA, NC. 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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