Old Glory Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Old Glory Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $2.1M | $260K | 33.3% |
| 611710 | Educational Support Services | 8 | $4.0M | $500K | 33.3% |
| 459110 | Other | 8 | $2.8M | $346K | 33.3% |
Geographic Distribution
SBA lending activity for Old Glory Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 8 | $4.0M | 33.3% |
| Florida (FL) | 8 | $2.8M | 33.3% |
| Tennessee (TN) | 8 | $2.1M | 33.3% |
Why Choose Old Glory Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $8.8M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Educational Support Services, Other
- ✓Competitive Terms: Average interest rate of 10.42% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $260K to $500K, with an average of $369K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in FL, IL, TN
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 Old Glory Bank SBA lending
What types of businesses does Old Glory Bank typically finance?
Old Glory Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, educational support services, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Old Glory Bank's typical SBA loan terms?
Old Glory Bank's SBA 7(a) loans typically feature an average interest rate of 10.42% and average term length of 180 months (approximately 15 years). Loan sizes range from $260K to $500K, with an average loan size of $369K.
Do I need a business valuation for a Old Glory Bank SBA loan?
Yes, Old Glory 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 Old Glory Bank compare to other SBA lenders?
Old Glory Bank has originated 24 SBA loans totaling $8.8M 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 Old Glory Bank lend in?
Old Glory Bank provides SBA 7(a) financing with particularly strong presence in FL, IL, 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.
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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.