Plains State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Plains State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 52 | $111.2M | $2.1M | 14.8% |
| 624410 | Child Care Services | 39 | $116.4M | $3.0M | 11.1% |
| 812112 | Beauty Salons | 13 | $3.4M | $265K | 3.7% |
| 811111 | General Automotive Repair | 11 | $6.5M | $592K | 3.1% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 8 | $13.5M | $1.7M | 2.3% |
| 811192 | Car Washes | 8 | $12.3M | $1.5M | 2.3% |
| 213112 | Support Activities for Oil and Gas Operations | 7 | $10.6M | $1.5M | 2.0% |
| 722511 | Full-Service Restaurants | 6 | $10.1M | $1.7M | 1.7% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 6 | $5.4M | $906K | 1.7% |
| 236220 | Commercial and Institutional Building Construction | 5 | $9.9M | $2.0M | 1.4% |
Geographic Distribution
SBA lending activity for Plains State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 342 | $538.3M | 97.2% |
| Louisiana (LA) | 4 | $9.6M | 1.1% |
| New Mexico (NM) | 4 | $2.4M | 1.1% |
| Michigan (MI) | 1 | $2.3M | 0.3% |
| New Jersey (NJ) | 1 | $744K | 0.3% |
Why Choose Plains State Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 352 SBA loans approved, totaling $553.3M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Child Care Services, Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.14% with flexible term lengths averaging 208 months
- ✓Loan Range: Loan sizes from $24K to $5.0M, with an average of $1.6M
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in TX, LA, NM
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 Plains State Bank SBA lending
What types of businesses does Plains State Bank typically finance?
Plains State Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, child care services, beauty salons, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Plains State Bank's typical SBA loan terms?
Plains State Bank's SBA 7(a) loans typically feature an average interest rate of 6.14% and average term length of 208 months (approximately 17 years). Loan sizes range from $24K to $5.0M, with an average loan size of $1.6M.
Do I need a business valuation for a Plains State Bank SBA loan?
Yes, Plains State 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 Plains State Bank compare to other SBA lenders?
Plains State Bank has originated 352 SBA loans totaling $553.3M since 1991. 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 Plains State Bank lend in?
Plains State Bank provides SBA 7(a) financing with particularly strong presence in TX, LA, NM, MI, NJ. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.