Paradise Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Paradise Bank · FY 2022
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 5 | $11.6M | $2.3M | 13.5% |
| 441227 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 3 | $832K | $277K | 8.1% |
| 621210 | Offices of Dentists | 3 | $4.5M | $1.5M | 8.1% |
| 457110 | Gasoline Stations with Convenience Stores | 2 | $5.8M | $2.9M | 5.4% |
| 722513 | Limited-Service Restaurants | 2 | $925K | $463K | 5.4% |
| 811111 | General Automotive Repair | 1 | $1.1M | $1.1M | 2.7% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $590K | $590K | 2.7% |
| 323111 | Commercial Printing (except Screen and Books) | 1 | $790K | $790K | 2.7% |
| 713910 | Golf Courses and Country Clubs | 1 | $2.6M | $2.6M | 2.7% |
| 532284 | Recreational Goods Rental | 1 | $213K | $213K | 2.7% |
Geographic Distribution
SBA lending activity for Paradise Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 36 | $46.1M | 97.3% |
| Louisiana (LA) | 1 | $3.6M | 2.7% |
Why Choose Paradise Bank?
Based on SBA 7(a) lending track record in FY 2022
- ✓Proven Track Record: 37 SBA loans approved, totaling $49.7M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Motorcycle, ATV, and All Other Motor Vehicle Dealers, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.24% with flexible term lengths averaging 233 months
- ✓Loan Range: Loan sizes from $58K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in FL, LA
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 Paradise Bank SBA lending
What types of businesses does Paradise Bank typically finance?
Paradise Bank specializes in SBA 7(a) lending to specific industries including car washes, motorcycle, atv, and all other motor vehicle dealers, offices of dentists, gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Paradise Bank's typical SBA loan terms?
Paradise Bank's SBA 7(a) loans typically feature an average interest rate of 6.24% and average term length of 233 months (approximately 19 years). Loan sizes range from $58K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a Paradise Bank SBA loan?
Yes, Paradise 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 Paradise Bank compare to other SBA lenders?
Paradise Bank has originated 37 SBA loans totaling $49.7M in FY 2022. 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 Paradise Bank lend in?
Paradise Bank provides SBA 7(a) financing with particularly strong presence in FL, LA. 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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Certified valuations are often required for SBA loans over $250,000.
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