Parish National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Parish National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611620 | Sports and Recreation Instruction | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Parish National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 2 | $587K | 100.0% |
Why Choose Parish National Bank?
Based on SBA 7(a) lending track record from 2000-2002
- ✓Proven Track Record: 2 SBA loans approved, totaling $587K in financing
- ✓Industry Expertise: Specialized focus on Sports and Recreation Instruction
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $150K to $437K, with an average of $294K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Parish National Bank SBA lending
What types of businesses does Parish National Bank typically finance?
Parish National Bank specializes in SBA 7(a) lending to specific industries including sports and recreation instruction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Parish National Bank's typical SBA loan terms?
Parish National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 87 months (approximately 7 years). Loan sizes range from $150K to $437K, with an average loan size of $294K.
Do I need a business valuation for a Parish National Bank SBA loan?
Yes, Parish National 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 Parish National Bank compare to other SBA lenders?
Parish National Bank has originated 2 SBA loans totaling $587K since 2000. 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 Parish National Bank lend in?
Parish National Bank provides SBA 7(a) financing with particularly strong presence in 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.
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