North Dallas Bank and Trust Co
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North Dallas Bank and Trust Co · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 3 | $2.0M | $660K | 10.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $82K | $82K | 3.4% |
| 334511 | Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing | 1 | $250K | $250K | 3.4% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $863K | $863K | 3.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $237K | $237K | 3.4% |
| 812199 | Other Personal Care Services | 1 | $178K | $178K | 3.4% |
| 541810 | Advertising Agencies | 1 | $25K | $25K | 3.4% |
| 541330 | Engineering Services | 1 | $260K | $260K | 3.4% |
| 541840 | Media Representatives | 1 | $100K | $100K | 3.4% |
| 811111 | General Automotive Repair | 1 | $25K | $25K | 3.4% |
Geographic Distribution
SBA lending activity for North Dallas Bank and Trust Co by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 29 | $6.4M | 100.0% |
Why Choose North Dallas Bank and Trust Co?
Based on SBA 7(a) lending track record from 1993-2014
- ✓Proven Track Record: 29 SBA loans approved, totaling $6.4M in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services, Coin-Operated Laundries and Drycleaners, Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
- ✓Competitive Terms: Average interest rate of 5.70% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $20K to $978K, with an average of $220K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 North Dallas Bank and Trust Co SBA lending
What types of businesses does North Dallas Bank and Trust Co typically finance?
North Dallas Bank and Trust Co specializes in SBA 7(a) lending to specific industries including veterinary services, coin-operated laundries and drycleaners, search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing, pet care (except veterinary) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North Dallas Bank and Trust Co's typical SBA loan terms?
North Dallas Bank and Trust Co's SBA 7(a) loans typically feature an average interest rate of 5.70% and average term length of 79 months (approximately 7 years). Loan sizes range from $20K to $978K, with an average loan size of $220K.
Do I need a business valuation for a North Dallas Bank and Trust Co SBA loan?
Yes, North Dallas Bank and Trust Co 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 North Dallas Bank and Trust Co compare to other SBA lenders?
North Dallas Bank and Trust Co has originated 29 SBA loans totaling $6.4M 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 North Dallas Bank and Trust Co lend in?
North Dallas Bank and Trust Co provides SBA 7(a) financing with particularly strong presence in TX. 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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