PromiseOne Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PromiseOne Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 350 | $606.7M | $1.7M | 31.3% |
| 722511 | Full-Service Restaurants | 99 | $55.4M | $560K | 8.8% |
| 722513 | Limited-Service Restaurants | 42 | $17.3M | $411K | 3.8% |
| 112320 | Broilers and Other Meat Type Chicken Production | 40 | $45.1M | $1.1M | 3.6% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 32 | $29.9M | $936K | 2.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 24 | $11.2M | $468K | 2.1% |
| 457110 | Gasoline Stations with Convenience Stores | 19 | $27.6M | $1.5M | 1.7% |
| 621210 | Offices of Dentists | 17 | $17.0M | $999K | 1.5% |
| 811192 | Car Washes | 11 | $18.1M | $1.6M | 1.0% |
| 445320 | Beer, Wine, and Liquor Retailers | 11 | $17.6M | $1.6M | 1.0% |
Geographic Distribution
SBA lending activity for PromiseOne Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 468 | $412.8M | 41.8% |
| Florida (FL) | 88 | $131.1M | 7.9% |
| Texas (TX) | 98 | $106.2M | 8.8% |
| North Carolina (NC) | 54 | $69.4M | 4.8% |
| Colorado (CO) | 51 | $63.6M | 4.6% |
| South Carolina (SC) | 40 | $61.6M | 3.6% |
| Ohio (OH) | 32 | $50.5M | 2.9% |
| Alabama (AL) | 39 | $45.4M | 3.5% |
| Pennsylvania (PA) | 59 | $43.0M | 5.3% |
| Maryland (MD) | 23 | $26.2M | 2.1% |
| New York (NY) | 30 | $26.1M | 2.7% |
| Tennessee (TN) | 15 | $17.9M | 1.3% |
| Indiana (IN) | 14 | $17.5M | 1.3% |
| New Jersey (NJ) | 24 | $16.5M | 2.1% |
| Virginia (VA) | 13 | $15.3M | 1.2% |
| Michigan (MI) | 6 | $11.9M | 0.5% |
| Mississippi (MS) | 10 | $11.4M | 0.9% |
| California (CA) | 6 | $10.7M | 0.5% |
| Kentucky (KY) | 7 | $10.5M | 0.6% |
| Missouri (MO) | 6 | $8.7M | 0.5% |
| Illinois (IL) | 10 | $8.1M | 0.9% |
| Louisiana (LA) | 3 | $7.8M | 0.3% |
| New Hampshire (NH) | 2 | $3.9M | 0.2% |
| Minnesota (MN) | 1 | $3.5M | 0.1% |
| Oklahoma (OK) | 2 | $2.6M | 0.2% |
| Utah (UT) | 1 | $2.6M | 0.1% |
| Kansas (KS) | 1 | $2.5M | 0.1% |
| New Mexico (NM) | 2 | $2.4M | 0.2% |
| Delaware (DE) | 7 | $2.1M | 0.6% |
| West Virginia (WV) | 2 | $1.7M | 0.2% |
| Connecticut (CT) | 3 | $1.1M | 0.3% |
| Arizona (AZ) | 1 | $760K | 0.1% |
| District of Columbia (DC) | 2 | $720K | 0.2% |
Why Choose PromiseOne Bank?
Based on SBA 7(a) lending track record from 2009-2025
- ✓Proven Track Record: 1,120 SBA loans approved, totaling $1.20B in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.10% with flexible term lengths averaging 233 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 33 states, with strong presence in GA, TX, FL
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 PromiseOne Bank SBA lending
What types of businesses does PromiseOne Bank typically finance?
PromiseOne Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, full-service restaurants, limited-service restaurants, broilers and other meat type chicken production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PromiseOne Bank's typical SBA loan terms?
PromiseOne Bank's SBA 7(a) loans typically feature an average interest rate of 6.10% and average term length of 233 months (approximately 19 years). Loan sizes range from $50K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a PromiseOne Bank SBA loan?
Yes, PromiseOne 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 PromiseOne Bank compare to other SBA lenders?
PromiseOne Bank has originated 1,120 SBA loans totaling $1.20B since 2009. 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 PromiseOne Bank lend in?
PromiseOne Bank provides SBA 7(a) financing with particularly strong presence in GA, TX, FL, PA, 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.
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.
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