Montecito Bank & Trust
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Montecito Bank & Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors | 16 | $1.8M | $113K | 15.4% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $2.2M | $275K | 7.7% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 8 | $1.2M | $150K | 7.7% |
| 541613 | Marketing Consulting Services | 8 | $3.4M | $430K | 7.7% |
| 238320 | Painting and Wall Covering Contractors | 8 | $400K | $50K | 7.7% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $184K | $23K | 7.7% |
| 238990 | All Other Specialty Trade Contractors | 8 | $400K | $50K | 7.7% |
| 459420 | Other | 8 | $400K | $50K | 7.7% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 8 | $600K | $75K | 7.7% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $4.8M | $600K | 7.7% |
Geographic Distribution
SBA lending activity for Montecito Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 104 | $16.3M | 100.0% |
Why Choose Montecito Bank & Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $16.3M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors, Fitness and Recreational Sports Centers, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 10.54% with flexible term lengths averaging 49 months
- ✓Loan Range: Loan sizes from $10K to $600K, with an average of $157K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 Montecito Bank & Trust SBA lending
What types of businesses does Montecito Bank & Trust typically finance?
Montecito Bank & Trust specializes in SBA 7(a) lending to specific industries including electrical contractors, fitness and recreational sports centers, sporting and recreational goods and supplies merchant wholesalers, marketing consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Montecito Bank & Trust's typical SBA loan terms?
Montecito Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 10.54% and average term length of 49 months (approximately 4 years). Loan sizes range from $10K to $600K, with an average loan size of $157K.
Do I need a business valuation for a Montecito Bank & Trust SBA loan?
Yes, Montecito Bank & Trust 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 Montecito Bank & Trust compare to other SBA lenders?
Montecito Bank & Trust has originated 104 SBA loans totaling $16.3M 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 Montecito Bank & Trust lend in?
Montecito Bank & Trust provides SBA 7(a) financing with particularly strong presence in CA. 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?
Professional valuations are often required for SBA loans over $250,000.
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