Redstone Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Redstone Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $2.5M | $318K | 16.7% |
| 812990 | All Other Personal Services | 8 | $1.7M | $210K | 16.7% |
| 423610 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | 8 | $25.3M | $3.2M | 16.7% |
| 541380 | Testing Laboratories | 8 | $4.4M | $546K | 16.7% |
| 541519 | Other Computer Related Services | 8 | $2.8M | $350K | 16.7% |
| 541330 | Engineering Services | 8 | $10.4M | $1.3M | 16.7% |
Geographic Distribution
SBA lending activity for Redstone Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 48 | $47.1M | 100.0% |
Why Choose Redstone Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $47.1M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, All Other Personal Services, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip
- ✓Competitive Terms: Average interest rate of 6.67% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $210K to $3.2M, with an average of $981K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 Redstone Bank SBA lending
What types of businesses does Redstone Bank typically finance?
Redstone Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, all other personal services, electrical apparatus and equipment, wiring supplies, and related equip, testing laboratories. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Redstone Bank's typical SBA loan terms?
Redstone Bank's SBA 7(a) loans typically feature an average interest rate of 6.67% and average term length of 123 months (approximately 10 years). Loan sizes range from $210K to $3.2M, with an average loan size of $981K.
Do I need a business valuation for a Redstone Bank SBA loan?
Yes, Redstone 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 Redstone Bank compare to other SBA lenders?
Redstone Bank has originated 48 SBA loans totaling $47.1M 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 Redstone Bank lend in?
Redstone Bank provides SBA 7(a) financing with particularly strong presence in CO. 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.
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