RiverHills Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by RiverHills Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 488410 | Motor Vehicle Towing | 72 | $12.4M | $173K | 11.3% |
| 238910 | Site Preparation Contractors | 40 | $14.3M | $357K | 6.3% |
| 447110 | Gasoline Stations with Convenience Stores | 40 | $18.7M | $468K | 6.3% |
| 238990 | All Other Specialty Trade Contractors | 32 | $2.5M | $79K | 5.0% |
| 323111 | Commercial Gravure Printing | 32 | $27.3M | $854K | 5.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 24 | $973K | $41K | 3.8% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 24 | $10.4M | $435K | 3.8% |
| 561730 | Landscaping Services | 16 | $1.4M | $90K | 2.5% |
| 551112 | Offices of Other Holding Companies | 16 | $7.6M | $476K | 2.5% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $23.7M | $1.5M | 2.5% |
Geographic Distribution
SBA lending activity for RiverHills Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 568 | $343.3M | 88.8% |
| Kentucky (KY) | 24 | $33.3M | 3.8% |
| Mississippi (MS) | 48 | $17.5M | 7.5% |
Why Choose RiverHills Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 640 SBA loans approved, totaling $394.2M in financing
- ✓Industry Expertise: Specialized focus on Motor Vehicle Towing, Site Preparation Contractors, Gasoline Stations with Convenience Stores
- ✓Competitive Terms: Average interest rate of 6.42% with flexible term lengths averaging 152 months
- ✓Loan Range: Loan sizes from $10K to $3.6M, with an average of $616K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in OH, MS, KY
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 RiverHills Bank SBA lending
What types of businesses does RiverHills Bank typically finance?
RiverHills Bank specializes in SBA 7(a) lending to specific industries including motor vehicle towing, site preparation contractors, gasoline stations with convenience stores, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are RiverHills Bank's typical SBA loan terms?
RiverHills Bank's SBA 7(a) loans typically feature an average interest rate of 6.42% and average term length of 152 months (approximately 13 years). Loan sizes range from $10K to $3.6M, with an average loan size of $616K.
Do I need a business valuation for a RiverHills Bank SBA loan?
Yes, RiverHills 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 RiverHills Bank compare to other SBA lenders?
RiverHills Bank has originated 640 SBA loans totaling $394.2M 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 RiverHills Bank lend in?
RiverHills Bank provides SBA 7(a) financing with particularly strong presence in OH, MS, KY. 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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