Powell Valley National Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Powell Valley National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 16 | $684K | $43K | 25.0% |
| 238340 | Tile and Terrazzo Contractors | 16 | $3.2M | $200K | 25.0% |
| 713990 | All Other Amusement and Recreation Industries | 16 | $8.2M | $511K | 25.0% |
| 484210 | Used Household and Office Goods Moving | 8 | $1.4M | $180K | 12.5% |
| 332322 | Sheet Metal Work Manufacturing | 8 | $2.0M | $250K | 12.5% |
Geographic Distribution
SBA lending activity for Powell Valley National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 40 | $12.8M | 62.5% |
| Virginia (VA) | 24 | $2.7M | 37.5% |
Why Choose Powell Valley National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $15.5M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Tile and Terrazzo Contractors, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 170 months
- ✓Loan Range: Loan sizes from $28K to $563K, with an average of $242K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, VA
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 Powell Valley National Bank SBA lending
What types of businesses does Powell Valley National Bank typically finance?
Powell Valley National Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, tile and terrazzo contractors, all other amusement and recreation industries, used household and office goods moving. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Powell Valley National Bank's typical SBA loan terms?
Powell Valley National Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 170 months (approximately 14 years). Loan sizes range from $28K to $563K, with an average loan size of $242K.
Do I need a business valuation for a Powell Valley National Bank SBA loan?
Yes, Powell Valley National 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 Powell Valley National Bank compare to other SBA lenders?
Powell Valley National Bank has originated 64 SBA loans totaling $15.5M 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 Powell Valley National Bank lend in?
Powell Valley National Bank provides SBA 7(a) financing with particularly strong presence in TN, VA. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.