Seacoast National Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Seacoast National Bank · FY 2024
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 10 | $7.2M | $725K | 23.8% |
| 722511 | Full-Service Restaurants | 5 | $5.8M | $1.2M | 11.9% |
| 811111 | General Automotive Repair | 5 | $8.8M | $1.8M | 11.9% |
| 624410 | Child Care Services | 3 | $6.7M | $2.2M | 7.1% |
| 561720 | Janitorial Services | 2 | $7.0M | $3.5M | 4.8% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $2.4M | $1.2M | 4.8% |
| 551112 | Offices of Other Holding Companies | 2 | $2.3M | $1.2M | 4.8% |
| 541940 | Veterinary Services | 2 | $3.3M | $1.6M | 4.8% |
| 621210 | Offices of Dentists | 1 | $2.4M | $2.4M | 2.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $790K | $790K | 2.4% |
Geographic Distribution
SBA lending activity for Seacoast National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 5 | $10.5M | 11.9% |
| New York (NY) | 4 | $7.2M | 9.5% |
| Florida (FL) | 11 | $5.5M | 26.2% |
| Texas (TX) | 4 | $5.2M | 9.5% |
| Arizona (AZ) | 2 | $4.9M | 4.8% |
| Nebraska (NE) | 1 | $3.1M | 2.4% |
| Oregon (OR) | 1 | $2.8M | 2.4% |
| Nevada (NV) | 1 | $2.4M | 2.4% |
| New Jersey (NJ) | 2 | $1.8M | 4.8% |
| Oklahoma (OK) | 1 | $1.8M | 2.4% |
| Montana (MT) | 1 | $1.7M | 2.4% |
| California (CA) | 2 | $1.6M | 4.8% |
| Connecticut (CT) | 1 | $1.5M | 2.4% |
| South Carolina (SC) | 1 | $1.1M | 2.4% |
| Pennsylvania (PA) | 1 | $707K | 2.4% |
| Idaho (ID) | 1 | $706K | 2.4% |
| Georgia (GA) | 1 | $681K | 2.4% |
| Massachusetts (MA) | 1 | $450K | 2.4% |
| Alabama (AL) | 1 | $200K | 2.4% |
Why Choose Seacoast National Bank?
Based on SBA 7(a) lending track record in FY 2024
- ✓Proven Track Record: 42 SBA loans approved, totaling $53.8M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 10.31% with flexible term lengths averaging 206 months
- ✓Loan Range: Loan sizes from $150K to $4.5M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in FL, CO, NY
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 Seacoast National Bank SBA lending
What types of businesses does Seacoast National Bank typically finance?
Seacoast National Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, general automotive repair, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Seacoast National Bank's typical SBA loan terms?
Seacoast National Bank's SBA 7(a) loans typically feature an average interest rate of 10.31% and average term length of 206 months (approximately 17 years). Loan sizes range from $150K to $4.5M, with an average loan size of $1.3M.
Do I need a business valuation for a Seacoast National Bank SBA loan?
Yes, Seacoast National 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 Seacoast National Bank compare to other SBA lenders?
Seacoast National Bank has originated 42 SBA loans totaling $53.8M in FY 2024. 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 Seacoast National Bank lend in?
Seacoast National Bank provides SBA 7(a) financing with particularly strong presence in FL, CO, NY, TX, AZ. 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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