Morris Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Morris Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623312 | Assisted Living Facilities for the Elderly | 6 | $14.8M | $2.5M | 9.1% |
| 624410 | Child Care Services | 3 | $7.5M | $2.5M | 4.5% |
| 811111 | General Automotive Repair | 3 | $2.8M | $938K | 4.5% |
| 238990 | All Other Specialty Trade Contractors | 2 | $857K | $428K | 3.0% |
| 445230 | Fruit and Vegetable Retailers | 2 | $87K | $43K | 3.0% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $4.8M | $2.4M | 3.0% |
| 112310 | Chicken Egg Production | 1 | $916K | $916K | 1.5% |
| 561730 | Landscaping Services | 1 | $384K | $384K | 1.5% |
| 812112 | Beauty Salons | 1 | $240K | $240K | 1.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $3.5M | $3.5M | 1.5% |
Geographic Distribution
SBA lending activity for Morris Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 64 | $80.0M | 97.0% |
| South Carolina (SC) | 1 | $4.1M | 1.5% |
| Florida (FL) | 1 | $1.4M | 1.5% |
Why Choose Morris Bank?
Based on SBA 7(a) lending track record from 1993-2024
- ✓Proven Track Record: 66 SBA loans approved, totaling $85.5M in financing
- ✓Industry Expertise: Specialized focus on Assisted Living Facilities for the Elderly, Child Care Services, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.02% with flexible term lengths averaging 175 months
- ✓Loan Range: Loan sizes from $19K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in GA, FL, SC
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 Morris Bank SBA lending
What types of businesses does Morris Bank typically finance?
Morris Bank specializes in SBA 7(a) lending to specific industries including assisted living facilities for the elderly, child care services, general automotive repair, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Morris Bank's typical SBA loan terms?
Morris Bank's SBA 7(a) loans typically feature an average interest rate of 6.02% and average term length of 175 months (approximately 15 years). Loan sizes range from $19K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a Morris Bank SBA loan?
Yes, Morris 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 Morris Bank compare to other SBA lenders?
Morris Bank has originated 66 SBA loans totaling $85.5M since 1993. 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 Morris Bank lend in?
Morris Bank provides SBA 7(a) financing with particularly strong presence in GA, FL, SC. 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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