OneUnited Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by OneUnited Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 13 | $2.3M | $177K | 7.0% |
| 624410 | Child Care Services | 4 | $1.1M | $276K | 2.2% |
| 484110 | General Freight Trucking, Local | 4 | $800K | $200K | 2.2% |
| 621610 | Home Health Care Services | 4 | $250K | $63K | 2.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $628K | $209K | 1.6% |
| 512110 | Motion Picture and Video Production | 3 | $855K | $285K | 1.6% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $128K | $64K | 1.1% |
| 532111 | Passenger Car Rental | 2 | $445K | $223K | 1.1% |
| 621210 | Offices of Dentists | 2 | $200K | $100K | 1.1% |
| 811192 | Car Washes | 2 | $107K | $54K | 1.1% |
Geographic Distribution
SBA lending activity for OneUnited Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 156 | $27.3M | 83.9% |
| Florida (FL) | 24 | $1.2M | 12.9% |
| Massachusetts (MA) | 6 | $908K | 3.2% |
Why Choose OneUnited Bank?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 186 SBA loans approved, totaling $29.5M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Child Care Services, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $10K to $1.3M, with an average of $158K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in CA, FL, MA
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 OneUnited Bank SBA lending
What types of businesses does OneUnited Bank typically finance?
OneUnited Bank specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), child care services, general freight trucking, local, home health care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are OneUnited Bank's typical SBA loan terms?
OneUnited Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 113 months (approximately 9 years). Loan sizes range from $10K to $1.3M, with an average loan size of $158K.
Do I need a business valuation for a OneUnited Bank SBA loan?
Yes, OneUnited 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 OneUnited Bank compare to other SBA lenders?
OneUnited Bank has originated 186 SBA loans totaling $29.5M since 1991. 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 OneUnited Bank lend in?
OneUnited Bank provides SBA 7(a) financing with particularly strong presence in CA, FL, MA. 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?
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