Riverside Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Riverside Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $845K | $423K | 25.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $734K | $734K | 12.5% |
| 333993 | Packaging Machinery Manufacturing | 1 | $1.7M | $1.7M | 12.5% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $110K | $110K | 12.5% |
| 811111 | General Automotive Repair | 1 | $48K | $48K | 12.5% |
Geographic Distribution
SBA lending activity for Riverside Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 7 | $4.6M | 87.5% |
| Mississippi (MS) | 1 | $110K | 12.5% |
Why Choose Riverside Bank?
Based on SBA 7(a) lending track record from 1997-2013
- ✓Proven Track Record: 8 SBA loans approved, totaling $4.7M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Hotels (except Casino Hotels) and Motels, Packaging Machinery Manufacturing
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $16K to $1.7M, with an average of $588K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AR, MS
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 Riverside Bank SBA lending
What types of businesses does Riverside Bank typically finance?
Riverside Bank specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), hotels (except casino hotels) and motels, packaging machinery manufacturing, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Riverside Bank's typical SBA loan terms?
Riverside Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 125 months (approximately 10 years). Loan sizes range from $16K to $1.7M, with an average loan size of $588K.
Do I need a business valuation for a Riverside Bank SBA loan?
Yes, Riverside 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 Riverside Bank compare to other SBA lenders?
Riverside Bank has originated 8 SBA loans totaling $4.7M since 1997. 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 Riverside Bank lend in?
Riverside Bank provides SBA 7(a) financing with particularly strong presence in AR, MS. 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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