Park National Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Park National Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311811 | Retail Bakeries | 1 | $37K | $37K | 50.0% |
Geographic Distribution
SBA lending activity for Park National Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 2 | $162K | 100.0% |
Why Choose Park National Corporation?
Based on SBA 7(a) lending track record from 2001-2008
- ✓Proven Track Record: 2 SBA loans approved, totaling $162K in financing
- ✓Industry Expertise: Specialized focus on Retail Bakeries
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 53 months
- ✓Loan Range: Loan sizes from $37K to $125K, with an average of $81K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Park National Corporation SBA lending
What types of businesses does Park National Corporation typically finance?
Park National Corporation specializes in SBA 7(a) lending to specific industries including retail bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Park National Corporation's typical SBA loan terms?
Park National Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 53 months (approximately 4 years). Loan sizes range from $37K to $125K, with an average loan size of $81K.
Do I need a business valuation for a Park National Corporation SBA loan?
Yes, Park National Corporation 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 Park National Corporation compare to other SBA lenders?
Park National Corporation has originated 2 SBA loans totaling $162K since 2001. 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 Park National Corporation lend in?
Park National Corporation provides SBA 7(a) financing with particularly strong presence in OH. 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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