Planters Bank Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Planters Bank Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811191 | Automotive Oil Change and Lubrication Shops | 3 | $200K | $67K | 5.2% |
| 441110 | New Car Dealers | 2 | $750K | $375K | 3.4% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $230K | $115K | 3.4% |
| 811111 | General Automotive Repair | 2 | $166K | $83K | 3.4% |
| 812910 | Pet Care (except Veterinary) Services | 2 | $151K | $75K | 3.4% |
| 812112 | Beauty Salons | 1 | $64K | $64K | 1.7% |
| 541211 | Offices of Certified Public Accountants | 1 | $75K | $75K | 1.7% |
| 311520 | Ice Cream and Frozen Dessert Manufacturing | 1 | $90K | $90K | 1.7% |
| 484210 | Used Household and Office Goods Moving | 1 | $3.5M | $3.5M | 1.7% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $130K | $130K | 1.7% |
Geographic Distribution
SBA lending activity for Planters Bank Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 31 | $7.8M | 53.4% |
| Kentucky (KY) | 26 | $3.2M | 44.8% |
| North Carolina (NC) | 1 | $100K | 1.7% |
Why Choose Planters Bank Inc?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 58 SBA loans approved, totaling $11.1M in financing
- ✓Industry Expertise: Specialized focus on Automotive Oil Change and Lubrication Shops, New Car Dealers, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.28% with flexible term lengths averaging 85 months
- ✓Loan Range: Loan sizes from $15K to $3.5M, with an average of $192K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TN, KY, NC
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 Planters Bank Inc SBA lending
What types of businesses does Planters Bank Inc typically finance?
Planters Bank Inc specializes in SBA 7(a) lending to specific industries including automotive oil change and lubrication shops, new car dealers, automotive body, paint, and interior repair and maintenance, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Planters Bank Inc's typical SBA loan terms?
Planters Bank Inc's SBA 7(a) loans typically feature an average interest rate of 6.28% and average term length of 85 months (approximately 7 years). Loan sizes range from $15K to $3.5M, with an average loan size of $192K.
Do I need a business valuation for a Planters Bank Inc SBA loan?
Yes, Planters Bank Inc 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 Planters Bank Inc compare to other SBA lenders?
Planters Bank Inc has originated 58 SBA loans totaling $11.1M 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 Planters Bank Inc lend in?
Planters Bank Inc provides SBA 7(a) financing with particularly strong presence in TN, KY, NC. 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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