Meridian Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Meridian Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 14 | $9.3M | $666K | 3.5% |
| 621210 | Offices of Dentists | 7 | $856K | $122K | 1.8% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 7 | $1.1M | $151K | 1.8% |
| 541110 | Offices of Lawyers | 6 | $650K | $108K | 1.5% |
| 811111 | General Automotive Repair | 5 | $773K | $155K | 1.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 5 | $1.4M | $283K | 1.3% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 5 | $2.8M | $559K | 1.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 4 | $921K | $230K | 1.0% |
| 339994 | Broom, Brush, and Mop Manufacturing | 3 | $92K | $31K | 0.8% |
| 541330 | Engineering Services | 3 | $199K | $66K | 0.8% |
Geographic Distribution
SBA lending activity for Meridian Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arizona (AZ) | 385 | $109.6M | 97.5% |
| Colorado (CO) | 3 | $1.5M | 0.8% |
| Wisconsin (WI) | 2 | $820K | 0.5% |
| Arkansas (AR) | 1 | $400K | 0.3% |
| North Dakota (ND) | 1 | $250K | 0.3% |
| Illinois (IL) | 1 | $150K | 0.3% |
| California (CA) | 1 | $65K | 0.3% |
| Utah (UT) | 1 | $50K | 0.3% |
Why Choose Meridian Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2014
- ✓Proven Track Record: 395 SBA loans approved, totaling $112.8M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Offices of Dentists, Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of 5.59% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $10K to $1.9M, with an average of $286K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in AZ, CO, WI
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 Meridian Bank, National Association SBA lending
What types of businesses does Meridian Bank, National Association typically finance?
Meridian Bank, National Association specializes in SBA 7(a) lending to specific industries including car washes, offices of dentists, drycleaning and laundry services (except coin-operated), offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Meridian Bank, National Association's typical SBA loan terms?
Meridian Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.59% and average term length of 158 months (approximately 13 years). Loan sizes range from $10K to $1.9M, with an average loan size of $286K.
Do I need a business valuation for a Meridian Bank, National Association SBA loan?
Yes, Meridian Bank, National Association 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 Meridian Bank, National Association compare to other SBA lenders?
Meridian Bank, National Association has originated 395 SBA loans totaling $112.8M since 1991. 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 Meridian Bank, National Association lend in?
Meridian Bank, National Association provides SBA 7(a) financing with particularly strong presence in AZ, CO, WI, IL, UT. 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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