Monet Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Monet Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 16 | $8.4M | $527K | 7.7% |
| 238990 | All Other Specialty Trade Contractors | 10 | $1.5M | $153K | 4.8% |
| 524210 | Insurance Agencies and Brokerages | 6 | $1.1M | $189K | 2.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 6 | $575K | $96K | 2.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 6 | $805K | $134K | 2.9% |
| 721110 | Hotels (except Casino Hotels) and Motels | 5 | $3.6M | $715K | 2.4% |
| 811111 | General Automotive Repair | 5 | $826K | $165K | 2.4% |
| 531390 | Other Activities Related to Real Estate | 4 | $285K | $71K | 1.9% |
| 621210 | Offices of Dentists | 4 | $1.1M | $267K | 1.9% |
| 541940 | Veterinary Services | 4 | $2.3M | $570K | 1.9% |
Geographic Distribution
SBA lending activity for Monet Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 42 | $16.1M | 20.1% |
| Texas (TX) | 30 | $12.5M | 14.4% |
| Nevada (NV) | 76 | $9.5M | 36.4% |
| New York (NY) | 6 | $3.4M | 2.9% |
| Louisiana (LA) | 6 | $3.1M | 2.9% |
| Georgia (GA) | 3 | $3.0M | 1.4% |
| Mississippi (MS) | 5 | $2.9M | 2.4% |
| California (CA) | 14 | $2.4M | 6.7% |
| Arizona (AZ) | 11 | $2.1M | 5.3% |
| Indiana (IN) | 1 | $1.1M | 0.5% |
| Arkansas (AR) | 3 | $940K | 1.4% |
| Oregon (OR) | 2 | $681K | 1.0% |
| Colorado (CO) | 4 | $575K | 1.9% |
| Missouri (MO) | 1 | $470K | 0.5% |
| Washington (WA) | 1 | $350K | 0.5% |
| North Carolina (NC) | 2 | $275K | 1.0% |
| New Mexico (NM) | 1 | $250K | 0.5% |
| Illinois (IL) | 1 | $144K | 0.5% |
Why Choose Monet Bank?
Based on SBA 7(a) lending track record from 1991-2008
- ✓Proven Track Record: 209 SBA loans approved, totaling $59.8M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, All Other Specialty Trade Contractors, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $20K to $1.9M, with an average of $286K
- ✓Nationwide Reach: Active lending in 18 states, with strong presence in NV, FL, TX
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 Monet Bank SBA lending
What types of businesses does Monet Bank typically finance?
Monet Bank specializes in SBA 7(a) lending to specific industries including shellfish fishing, all other specialty trade contractors, insurance agencies and brokerages, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Monet Bank's typical SBA loan terms?
Monet Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 114 months (approximately 10 years). Loan sizes range from $20K to $1.9M, with an average loan size of $286K.
Do I need a business valuation for a Monet Bank SBA loan?
Yes, Monet 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 Monet Bank compare to other SBA lenders?
Monet Bank has originated 209 SBA loans totaling $59.8M 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 Monet Bank lend in?
Monet Bank provides SBA 7(a) financing with particularly strong presence in NV, FL, TX, 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.
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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