PriMerit Bank, A Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PriMerit Bank, A Federal Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for PriMerit Bank, A Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nevada (NV) | 1 | $750K | 50.0% |
| California (CA) | 1 | $85K | 50.0% |
Why Choose PriMerit Bank, A Federal Savings Bank?
Based on SBA 7(a) lending track record from 1993-1996
- ✓Proven Track Record: 2 SBA loans approved, totaling $835K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $85K to $750K, with an average of $418K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in CA, NV
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 PriMerit Bank, A Federal Savings Bank SBA lending
What types of businesses does PriMerit Bank, A Federal Savings Bank typically finance?
PriMerit Bank, A Federal Savings Bank specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PriMerit Bank, A Federal Savings Bank's typical SBA loan terms?
PriMerit Bank, A Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $85K to $750K, with an average loan size of $418K.
Do I need a business valuation for a PriMerit Bank, A Federal Savings Bank SBA loan?
Yes, PriMerit Bank, A Federal Savings 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 PriMerit Bank, A Federal Savings Bank compare to other SBA lenders?
PriMerit Bank, A Federal Savings Bank has originated 2 SBA loans totaling $835K since 1993. 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 PriMerit Bank, A Federal Savings Bank lend in?
PriMerit Bank, A Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in CA, NV. 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?
Certified valuations are often required for SBA loans over $250,000.
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