Ocean Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Ocean Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 16 | $26.4M | $1.6M | 9.5% |
| 713990 | All Other Amusement and Recreation Industries | 16 | $19.3M | $1.2M | 9.5% |
| 457110 | Other | 16 | $24.5M | $1.5M | 9.5% |
| 484110 | General Freight Trucking, Local | 16 | $24.1M | $1.5M | 9.5% |
| 488510 | Freight Transportation Arrangement | 8 | $13.4M | $1.7M | 4.8% |
| 311920 | Coffee and Tea Manufacturing | 8 | $9.6M | $1.2M | 4.8% |
| 481111 | Scheduled Passenger Air Transportation | 8 | $23.8M | $3.0M | 4.8% |
| 445291 | Baked Goods Stores | 8 | $2.8M | $350K | 4.8% |
| 237990 | Other Heavy and Civil Engineering Construction | 8 | $21.9M | $2.7M | 4.8% |
| 624410 | Child Day Care Services | 8 | $1.3M | $160K | 4.8% |
Geographic Distribution
SBA lending activity for Ocean Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 160 | $235.6M | 95.2% |
| New Mexico (NM) | 8 | $10.8M | 4.8% |
Why Choose Ocean Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 168 SBA loans approved, totaling $246.4M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), All Other Amusement and Recreation Industries, Other
- ✓Competitive Terms: Average interest rate of 10.10% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $160K to $4.6M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in FL, NM
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 Ocean Bank SBA lending
What types of businesses does Ocean Bank typically finance?
Ocean Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), all other amusement and recreation industries, other, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ocean Bank's typical SBA loan terms?
Ocean Bank's SBA 7(a) loans typically feature an average interest rate of 10.10% and average term length of 118 months (approximately 10 years). Loan sizes range from $160K to $4.6M, with an average loan size of $1.5M.
Do I need a business valuation for a Ocean Bank SBA loan?
Yes, Ocean 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 Ocean Bank compare to other SBA lenders?
Ocean Bank has originated 168 SBA loans totaling $246.4M 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 Ocean Bank lend in?
Ocean Bank provides SBA 7(a) financing with particularly strong presence in FL, NM. 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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