Mega Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Mega Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $72.6M | $1.5M | 8.5% |
| 447110 | Gasoline Stations with Convenience Stores | 40 | $92.8M | $2.3M | 7.0% |
| 484110 | General Freight Trucking, Local | 24 | $23.8M | $990K | 4.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 24 | $82.6M | $3.4M | 4.2% |
| 624120 | Services for the Elderly and Persons with Disabilities | 24 | $23.9M | $998K | 4.2% |
| 624410 | Child Day Care Services | 24 | $61.3M | $2.6M | 4.2% |
| 457110 | Other | 24 | $72.7M | $3.0M | 4.2% |
| 722513 | Limited-Service Restaurants | 24 | $22.6M | $941K | 4.2% |
| 811192 | Car Washes | 16 | $28.9M | $1.8M | 2.8% |
| 236220 | Commercial and Institutional Building Construction | 16 | $26.2M | $1.6M | 2.8% |
Geographic Distribution
SBA lending activity for Mega Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 560 | $968.2M | 98.6% |
| Arizona (AZ) | 8 | $22.8M | 1.4% |
Why Choose Mega Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 568 SBA loans approved, totaling $991.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Gasoline Stations with Convenience Stores, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 7.51% with flexible term lengths averaging 260 months
- ✓Loan Range: Loan sizes from $230K to $5.0M, with an average of $1.7M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, AZ
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 Mega Bank SBA lending
What types of businesses does Mega Bank typically finance?
Mega Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, gasoline stations with convenience stores, general freight trucking, local, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mega Bank's typical SBA loan terms?
Mega Bank's SBA 7(a) loans typically feature an average interest rate of 7.51% and average term length of 260 months (approximately 22 years). Loan sizes range from $230K to $5.0M, with an average loan size of $1.7M.
Do I need a business valuation for a Mega Bank SBA loan?
Yes, Mega 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 Mega Bank compare to other SBA lenders?
Mega Bank has originated 568 SBA loans totaling $991.0M 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 Mega Bank lend in?
Mega Bank provides SBA 7(a) financing with particularly strong presence in CA, AZ. 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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