Planters Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Planters Bank, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722320 | Caterers | 8 | $1.6M | $195K | 33.3% |
| 484210 | Used Household and Office Goods Moving | 8 | $27.6M | $3.5M | 33.3% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $720K | $90K | 33.3% |
Geographic Distribution
SBA lending activity for Planters Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 16 | $29.2M | 66.7% |
| Kentucky (KY) | 8 | $720K | 33.3% |
Why Choose Planters Bank, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $29.9M in financing
- ✓Industry Expertise: Specialized focus on Caterers, Used Household and Office Goods Moving, Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of 8.42% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $90K to $3.5M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, KY
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 caterers, used household and office goods moving, pet care (except veterinary) services. 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 8.42% and average term length of 108 months (approximately 9 years). Loan sizes range from $90K to $3.5M, with an average loan size of $1.2M.
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 24 SBA loans totaling $29.9M 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 Planters Bank, Inc. lend in?
Planters Bank, Inc. provides SBA 7(a) financing with particularly strong presence in TN, KY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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