Optus Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Optus Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 72 | $9.9M | $137K | 81.8% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $2.2M | $273K | 9.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $17.7M | $2.2M | 9.1% |
Geographic Distribution
SBA lending activity for Optus Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 8 | $17.7M | 9.1% |
| Louisiana (LA) | 8 | $2.2M | 9.1% |
| North Carolina (NC) | 8 | $2.2M | 9.1% |
| Florida (FL) | 16 | $1.8M | 18.2% |
| Texas (TX) | 8 | $1.4M | 9.1% |
| Ohio (OH) | 8 | $1.0M | 9.1% |
| Oklahoma (OK) | 8 | $1.0M | 9.1% |
| Massachusetts (MA) | 8 | $856K | 9.1% |
| Georgia (GA) | 8 | $800K | 9.1% |
| Alabama (AL) | 8 | $800K | 9.1% |
Why Choose Optus Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $29.8M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, General Freight Trucking, Long Distance, Truckload, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 7.75% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $100K to $2.2M, with an average of $339K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in FL, OH, NC
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 Optus Bank SBA lending
What types of businesses does Optus Bank typically finance?
Optus Bank specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, general freight trucking, long distance, truckload, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Optus Bank's typical SBA loan terms?
Optus Bank's SBA 7(a) loans typically feature an average interest rate of 7.75% and average term length of 131 months (approximately 11 years). Loan sizes range from $100K to $2.2M, with an average loan size of $339K.
Do I need a business valuation for a Optus Bank SBA loan?
Yes, Optus 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 Optus Bank compare to other SBA lenders?
Optus Bank has originated 88 SBA loans totaling $29.8M 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 Optus Bank lend in?
Optus Bank provides SBA 7(a) financing with particularly strong presence in FL, OH, NC, OK, GA. 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.
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