Poppy Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Poppy Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 56 | $62.3M | $1.1M | 10.1% |
| 447110 | Gasoline Stations with Convenience Stores | 40 | $34.3M | $858K | 7.2% |
| 445310 | Beer, Wine, and Liquor Stores | 32 | $30.8M | $964K | 5.8% |
| 624410 | Child Day Care Services | 24 | $12.3M | $514K | 4.3% |
| 812210 | Funeral Homes and Funeral Services | 16 | $62.0M | $3.9M | 2.9% |
| 722511 | Full-Service Restaurants | 16 | $20.3M | $1.3M | 2.9% |
| 621320 | Offices of Optometrists | 16 | $4.8M | $298K | 2.9% |
| 339999 | All Other Miscellaneous Manufacturing | 16 | $8.1M | $505K | 2.9% |
| 811111 | General Automotive Repair | 16 | $19.8M | $1.2M | 2.9% |
| 811192 | Car Washes | 16 | $37.9M | $2.4M | 2.9% |
Geographic Distribution
SBA lending activity for Poppy Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 216 | $284.5M | 39.1% |
| Washington (WA) | 40 | $64.8M | 7.2% |
| Oklahoma (OK) | 24 | $37.8M | 4.3% |
| New Jersey (NJ) | 24 | $36.7M | 4.3% |
| North Carolina (NC) | 40 | $36.6M | 7.2% |
| New York (NY) | 40 | $35.2M | 7.2% |
| Nevada (NV) | 8 | $20.8M | 1.4% |
| Arizona (AZ) | 16 | $16.3M | 2.9% |
| Ohio (OH) | 8 | $12.7M | 1.4% |
| Colorado (CO) | 24 | $9.3M | 4.3% |
| Kentucky (KY) | 16 | $8.7M | 2.9% |
| Wyoming (WY) | 8 | $8.5M | 1.4% |
| Connecticut (CT) | 16 | $8.4M | 2.9% |
| Florida (FL) | 16 | $8.1M | 2.9% |
| Alabama (AL) | 8 | $5.6M | 1.4% |
| Wisconsin (WI) | 8 | $5.5M | 1.4% |
| Oregon (OR) | 8 | $4.8M | 1.4% |
| Arkansas (AR) | 8 | $4.3M | 1.4% |
| Texas (TX) | 8 | $4.2M | 1.4% |
| South Carolina (SC) | 8 | $4.0M | 1.4% |
| New Mexico (NM) | 8 | $2.4M | 1.4% |
Why Choose Poppy Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 552 SBA loans approved, totaling $619.3M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Gasoline Stations with Convenience Stores, Beer, Wine, and Liquor Stores
- ✓Competitive Terms: Average interest rate of 6.04% with flexible term lengths averaging 229 months
- ✓Loan Range: Loan sizes from $100K to $4.5M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 21 states, with strong presence in CA, WA, NY
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 Poppy Bank SBA lending
What types of businesses does Poppy Bank typically finance?
Poppy Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, gasoline stations with convenience stores, beer, wine, and liquor stores, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Poppy Bank's typical SBA loan terms?
Poppy Bank's SBA 7(a) loans typically feature an average interest rate of 6.04% and average term length of 229 months (approximately 19 years). Loan sizes range from $100K to $4.5M, with an average loan size of $1.1M.
Do I need a business valuation for a Poppy Bank SBA loan?
Yes, Poppy 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 Poppy Bank compare to other SBA lenders?
Poppy Bank has originated 552 SBA loans totaling $619.3M 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 Poppy Bank lend in?
Poppy Bank provides SBA 7(a) financing with particularly strong presence in CA, WA, NY, NC, 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.
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