Red River Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Red River Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 32 | $10.6M | $331K | 11.4% |
| 541850 | Display Advertising | 24 | $3.1M | $129K | 8.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $5.4M | $224K | 8.6% |
| 621210 | Offices of Dentists | 16 | $920K | $58K | 5.7% |
| 624410 | Child Day Care Services | 16 | $1.6M | $101K | 5.7% |
| 424330 | Women's, Children's, and Infants' Clothing and Accessories Merchant Wh | 16 | $380K | $24K | 5.7% |
| 448120 | Women's Clothing Stores | 8 | $800K | $100K | 2.9% |
| 623210 | Residential Mental Retardation Facilities | 8 | $400K | $50K | 2.9% |
| 236220 | Commercial and Institutional Building Construction | 8 | $1.6M | $200K | 2.9% |
| 454210 | Vending Machine Operators | 8 | $653K | $82K | 2.9% |
Geographic Distribution
SBA lending activity for Red River Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 272 | $78.1M | 97.1% |
| Tennessee (TN) | 8 | $5.8M | 2.9% |
Why Choose Red River Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 280 SBA loans approved, totaling $84.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Display Advertising, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 6.14% with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $23K to $3.0M, with an average of $300K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in LA, TN
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 Red River Bank SBA lending
What types of businesses does Red River Bank typically finance?
Red River Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, display advertising, snack and nonalcoholic beverage bars, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Red River Bank's typical SBA loan terms?
Red River Bank's SBA 7(a) loans typically feature an average interest rate of 6.14% and average term length of 105 months (approximately 9 years). Loan sizes range from $23K to $3.0M, with an average loan size of $300K.
Do I need a business valuation for a Red River Bank SBA loan?
Yes, Red River 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 Red River Bank compare to other SBA lenders?
Red River Bank has originated 280 SBA loans totaling $84.0M 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 Red River Bank lend in?
Red River Bank provides SBA 7(a) financing with particularly strong presence in LA, TN. 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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Professional valuations are often required for SBA loans over $250,000.
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