Oconee State Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Oconee State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 200 | $177.1M | $886K | 27.5% |
| 713940 | Fitness and Recreational Sports Centers | 64 | $30.2M | $472K | 8.8% |
| 722513 | Limited-Service Restaurants | 48 | $41.1M | $855K | 6.6% |
| 541211 | Offices of Certified Public Accountants | 32 | $19.3M | $603K | 4.4% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $23.8M | $743K | 4.4% |
| 445320 | Other | 24 | $56.3M | $2.3M | 3.3% |
| 621310 | Offices of Chiropractors | 16 | $3.2M | $202K | 2.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $8.4M | $528K | 2.2% |
| 611710 | Educational Support Services | 16 | $6.7M | $421K | 2.2% |
| 492110 | Couriers | 16 | $7.0M | $435K | 2.2% |
Geographic Distribution
SBA lending activity for Oconee State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 344 | $367.2M | 47.3% |
| Florida (FL) | 72 | $50.5M | 9.9% |
| Nevada (NV) | 56 | $43.5M | 7.7% |
| South Carolina (SC) | 32 | $34.3M | 4.4% |
| North Carolina (NC) | 24 | $22.3M | 3.3% |
| Tennessee (TN) | 32 | $19.7M | 4.4% |
| Texas (TX) | 40 | $17.8M | 5.5% |
| Louisiana (LA) | 16 | $16.4M | 2.2% |
| Colorado (CO) | 24 | $15.8M | 3.3% |
| Pennsylvania (PA) | 8 | $15.2M | 1.1% |
| Alabama (AL) | 16 | $9.3M | 2.2% |
| Oklahoma (OK) | 8 | $8.8M | 1.1% |
| Nebraska (NE) | 8 | $8.2M | 1.1% |
| Rhode Island (RI) | 8 | $7.3M | 1.1% |
| Mississippi (MS) | 8 | $5.3M | 1.1% |
| New York (NY) | 8 | $4.0M | 1.1% |
| California (CA) | 8 | $4.0M | 1.1% |
| Arizona (AZ) | 8 | $3.3M | 1.1% |
| Illinois (IL) | 8 | $3.2M | 1.1% |
Why Choose Oconee State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 728 SBA loans approved, totaling $656.2M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.98% with flexible term lengths averaging 149 months
- ✓Loan Range: Loan sizes from $56K to $5.0M, with an average of $901K
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in GA, FL, NV
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 Oconee State Bank SBA lending
What types of businesses does Oconee State Bank typically finance?
Oconee State Bank specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, fitness and recreational sports centers, limited-service restaurants, offices of certified public accountants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Oconee State Bank's typical SBA loan terms?
Oconee State Bank's SBA 7(a) loans typically feature an average interest rate of 8.98% and average term length of 149 months (approximately 12 years). Loan sizes range from $56K to $5.0M, with an average loan size of $901K.
Do I need a business valuation for a Oconee State Bank SBA loan?
Yes, Oconee State 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 Oconee State Bank compare to other SBA lenders?
Oconee State Bank has originated 728 SBA loans totaling $656.2M 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 Oconee State Bank lend in?
Oconee State Bank provides SBA 7(a) financing with particularly strong presence in GA, FL, NV, TX, TN. 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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