Pike National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Pike National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $200K | $25K | 100.0% |
Geographic Distribution
SBA lending activity for Pike National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 8 | $200K | 100.0% |
Why Choose Pike National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $200K in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 10.00% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $25K to $25K, with an average of $25K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Pike National Bank SBA lending
What types of businesses does Pike National Bank typically finance?
Pike National Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Pike National Bank's typical SBA loan terms?
Pike National Bank's SBA 7(a) loans typically feature an average interest rate of 10.00% and average term length of 60 months (approximately 5 years). Loan sizes range from $25K to $25K, with an average loan size of $25K.
Do I need a business valuation for a Pike National Bank SBA loan?
Yes, Pike 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 Pike National Bank compare to other SBA lenders?
Pike National Bank has originated 8 SBA loans totaling $200K 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 Pike National Bank lend in?
Pike National Bank provides SBA 7(a) financing with particularly strong presence in MS. 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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