Old Plank Trail Community Bank National Association
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Old Plank Trail Community Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $7.8M | $327K | 11.1% |
| 722513 | Limited-Service Restaurants | 16 | $6.1M | $380K | 7.4% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 16 | $19.9M | $1.2M | 7.4% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $1.6M | $100K | 7.4% |
| 238990 | All Other Specialty Trade Contractors | 16 | $16.7M | $1.0M | 7.4% |
| 454390 | Other Direct Selling Establishments | 16 | $4.0M | $250K | 7.4% |
| 812112 | Beauty Salons | 8 | $1.1M | $143K | 3.7% |
| 561730 | Landscaping Services | 8 | $2.9M | $366K | 3.7% |
| 311811 | Retail Bakeries | 8 | $800K | $100K | 3.7% |
| 541410 | Interior Design Services | 8 | $2.4M | $295K | 3.7% |
Geographic Distribution
SBA lending activity for Old Plank Trail Community Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 152 | $68.8M | 70.4% |
| Kentucky (KY) | 8 | $38.7M | 3.7% |
| Indiana (IN) | 56 | $24.5M | 25.9% |
Why Choose Old Plank Trail Community Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 216 SBA loans approved, totaling $131.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Commercial and Industrial Machinery and Equipment (except Automotive a
- ✓Competitive Terms: Average interest rate of 6.89% with flexible term lengths averaging 128 months
- ✓Loan Range: Loan sizes from $50K to $4.8M, with an average of $611K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IL, IN, KY
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 Plank Trail Community Bank National Association SBA lending
What types of businesses does Old Plank Trail Community Bank National Association typically finance?
Old Plank Trail Community Bank National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, commercial and industrial machinery and equipment (except automotive a, offices of physical, occupational and speech therapists, and audiologi. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Old Plank Trail Community Bank National Association's typical SBA loan terms?
Old Plank Trail Community Bank National Association's SBA 7(a) loans typically feature an average interest rate of 6.89% and average term length of 128 months (approximately 11 years). Loan sizes range from $50K to $4.8M, with an average loan size of $611K.
Do I need a business valuation for a Old Plank Trail Community Bank National Association SBA loan?
Yes, Old Plank Trail Community Bank National Association 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 Plank Trail Community Bank National Association compare to other SBA lenders?
Old Plank Trail Community Bank National Association has originated 216 SBA loans totaling $131.9M 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 Plank Trail Community Bank National Association lend in?
Old Plank Trail Community Bank National Association provides SBA 7(a) financing with particularly strong presence in IL, IN, KY. 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.
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Professional valuations are often required for SBA loans over $250,000.
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