Plains State Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Plains State Bank · FY 2024
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 457110 | Gasoline Stations with Convenience Stores | 2 | $4.6M | $2.3M | 18.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $800K | $800K | 9.1% |
| 624410 | Child Care Services | 1 | $4.1M | $4.1M | 9.1% |
| 488190 | Other Support Activities for Air Transportation | 1 | $5.0M | $5.0M | 9.1% |
| 532412 | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing | 1 | $2.9M | $2.9M | 9.1% |
| 722513 | Limited-Service Restaurants | 1 | $249K | $249K | 9.1% |
| 812112 | Beauty Salons | 1 | $135K | $135K | 9.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $2.5M | $2.5M | 9.1% |
| 561790 | Other Services to Buildings and Dwellings | 1 | $1.2M | $1.2M | 9.1% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 1 | $644K | $644K | 9.1% |
Geographic Distribution
SBA lending activity for Plains State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 11 | $22.2M | 100.0% |
Why Choose Plains State Bank?
Based on SBA 7(a) lending track record in FY 2024
- ✓Proven Track Record: 11 SBA loans approved, totaling $22.2M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores, Offices of Physicians (except Mental Health Specialists), Child Care Services
- ✓Competitive Terms: Average interest rate of 10.34% with flexible term lengths averaging 174 months
- ✓Loan Range: Loan sizes from $135K to $5.0M, with an average of $2.0M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 gasoline stations with convenience stores, offices of physicians (except mental health specialists), child care services, other support activities for air transportation. 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 10.34% and average term length of 174 months (approximately 15 years). Loan sizes range from $135K to $5.0M, with an average loan size of $2.0M.
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 11 SBA loans totaling $22.2M in FY 2024. 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. 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.
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