Resource Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Resource Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541214 | Payroll Services | 2 | $512K | $256K | 5.3% |
| 812199 | Other Personal Care Services | 2 | $150K | $75K | 5.3% |
| 321920 | Wood Container and Pallet Manufacturing | 2 | $554K | $277K | 5.3% |
| 621310 | Offices of Chiropractors | 2 | $126K | $63K | 5.3% |
| 812112 | Beauty Salons | 1 | $60K | $60K | 2.6% |
| 423610 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 1 | $140K | $140K | 2.6% |
| 541511 | Custom Computer Programming Services | 1 | $150K | $150K | 2.6% |
| 711320 | Promoters of Performing Arts, Sports, and Similar Events without Facilities | 1 | $150K | $150K | 2.6% |
| 621210 | Offices of Dentists | 1 | $150K | $150K | 2.6% |
| 711510 | Independent Artists, Writers, and Performers | 1 | $150K | $150K | 2.6% |
Geographic Distribution
SBA lending activity for Resource Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 36 | $4.3M | 94.7% |
| Maryland (MD) | 1 | $290K | 2.6% |
| Iowa (IA) | 1 | $27K | 2.6% |
Why Choose Resource Bank?
Based on SBA 7(a) lending track record from 2000-2006
- ✓Proven Track Record: 38 SBA loans approved, totaling $4.6M in financing
- ✓Industry Expertise: Specialized focus on Payroll Services, Other Personal Care Services, Wood Container and Pallet Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $25K to $400K, with an average of $121K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in LA, MD, IA
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 Resource Bank SBA lending
What types of businesses does Resource Bank typically finance?
Resource Bank specializes in SBA 7(a) lending to specific industries including payroll services, other personal care services, wood container and pallet manufacturing, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Resource Bank's typical SBA loan terms?
Resource Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 79 months (approximately 7 years). Loan sizes range from $25K to $400K, with an average loan size of $121K.
Do I need a business valuation for a Resource Bank SBA loan?
Yes, Resource 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 Resource Bank compare to other SBA lenders?
Resource Bank has originated 38 SBA loans totaling $4.6M since 2000. 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 Resource Bank lend in?
Resource Bank provides SBA 7(a) financing with particularly strong presence in LA, MD, IA. 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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