Paragon Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Paragon Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 96 | $43.3M | $451K | 10.8% |
| 624410 | Child Day Care Services | 72 | $209.4M | $2.9M | 8.1% |
| 112340 | Poultry Hatcheries | 56 | $71.1M | $1.3M | 6.3% |
| 812199 | Other Personal Care Services | 48 | $39.3M | $820K | 5.4% |
| 721191 | Bed-and-Breakfast Inns | 40 | $72.5M | $1.8M | 4.5% |
| 812910 | Pet Care (except Veterinary) Services | 32 | $18.9M | $592K | 3.6% |
| 112320 | Broilers and Other Meat Type | 32 | $44.3M | $1.4M | 3.6% |
| 311811 | Retail Bakeries | 32 | $19.6M | $611K | 3.6% |
| 722511 | Full-Service Restaurants | 24 | $72.4M | $3.0M | 2.7% |
| 524210 | Insurance Agencies and Brokerages | 24 | $7.3M | $304K | 2.7% |
Geographic Distribution
SBA lending activity for Paragon Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 304 | $329.1M | 34.2% |
| Tennessee (TN) | 160 | $237.6M | 18.0% |
| North Carolina (NC) | 72 | $112.3M | 8.1% |
| Ohio (OH) | 32 | $65.7M | 3.6% |
| Texas (TX) | 32 | $44.4M | 3.6% |
| Florida (FL) | 40 | $36.6M | 4.5% |
| PR (PR) | 8 | $32.0M | 0.9% |
| Utah (UT) | 32 | $21.1M | 3.6% |
| Montana (MT) | 16 | $18.2M | 1.8% |
| Pennsylvania (PA) | 24 | $17.0M | 2.7% |
| Colorado (CO) | 16 | $15.4M | 1.8% |
| Massachusetts (MA) | 8 | $15.4M | 0.9% |
| Minnesota (MN) | 8 | $12.0M | 0.9% |
| Alabama (AL) | 16 | $11.1M | 1.8% |
| Indiana (IN) | 16 | $10.5M | 1.8% |
| Wisconsin (WI) | 8 | $10.5M | 0.9% |
| Michigan (MI) | 8 | $8.9M | 0.9% |
| Maryland (MD) | 8 | $8.6M | 0.9% |
| South Carolina (SC) | 8 | $8.1M | 0.9% |
| New Jersey (NJ) | 8 | $4.6M | 0.9% |
| New York (NY) | 8 | $3.8M | 0.9% |
| Iowa (IA) | 8 | $3.6M | 0.9% |
| Idaho (ID) | 8 | $3.5M | 0.9% |
| Washington (WA) | 8 | $3.2M | 0.9% |
| Arizona (AZ) | 8 | $2.8M | 0.9% |
| California (CA) | 8 | $2.5M | 0.9% |
| Kentucky (KY) | 8 | $2.1M | 0.9% |
| West Virginia (WV) | 8 | $1.3M | 0.9% |
Why Choose Paragon Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 888 SBA loans approved, totaling $1.04B in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Child Day Care Services, Poultry Hatcheries
- ✓Competitive Terms: Average interest rate of 7.72% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 28 states, with strong presence in GA, TN, 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 Paragon Bank SBA lending
What types of businesses does Paragon Bank typically finance?
Paragon Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, child day care services, poultry hatcheries, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Paragon Bank's typical SBA loan terms?
Paragon Bank's SBA 7(a) loans typically feature an average interest rate of 7.72% and average term length of 180 months (approximately 15 years). Loan sizes range from $100K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a Paragon Bank SBA loan?
Yes, Paragon 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 Paragon Bank compare to other SBA lenders?
Paragon Bank has originated 888 SBA loans totaling $1.04B 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 Paragon Bank lend in?
Paragon Bank provides SBA 7(a) financing with particularly strong presence in GA, TN, NC, FL, UT. 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.
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