Morgantown Bank and Trust Company Incorporated
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Morgantown Bank and Trust Company Incorporated · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 336413 | Other Aircraft Parts and Auxiliary Equipment Manufacturing | 2 | $150K | $75K | 100.0% |
Geographic Distribution
SBA lending activity for Morgantown Bank and Trust Company Incorporated by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 2 | $150K | 100.0% |
Why Choose Morgantown Bank and Trust Company Incorporated?
Based on SBA 7(a) lending track record from 2015-2015
- ✓Proven Track Record: 2 SBA loans approved, totaling $150K in financing
- ✓Industry Expertise: Specialized focus on Other Aircraft Parts and Auxiliary Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $69K to $81K, with an average of $75K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Morgantown Bank and Trust Company Incorporated SBA lending
What types of businesses does Morgantown Bank and Trust Company Incorporated typically finance?
Morgantown Bank and Trust Company Incorporated specializes in SBA 7(a) lending to specific industries including other aircraft parts and auxiliary equipment manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Morgantown Bank and Trust Company Incorporated's typical SBA loan terms?
Morgantown Bank and Trust Company Incorporated's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 102 months (approximately 9 years). Loan sizes range from $69K to $81K, with an average loan size of $75K.
Do I need a business valuation for a Morgantown Bank and Trust Company Incorporated SBA loan?
Yes, Morgantown Bank and Trust Company Incorporated 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 Morgantown Bank and Trust Company Incorporated compare to other SBA lenders?
Morgantown Bank and Trust Company Incorporated has originated 2 SBA loans totaling $150K since 2015. 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 Morgantown Bank and Trust Company Incorporated lend in?
Morgantown Bank and Trust Company Incorporated provides SBA 7(a) financing with particularly strong presence in KY. 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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