Security Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 6 | $994K | $166K | 6.4% |
| 561730 | Landscaping Services | 3 | $347K | $116K | 3.2% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $200K | $67K | 3.2% |
| 811111 | General Automotive Repair | 3 | $865K | $288K | 3.2% |
| 624410 | Child Care Services | 2 | $345K | $173K | 2.1% |
| 334511 | Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing | 1 | $200K | $200K | 1.1% |
| 621210 | Offices of Dentists | 1 | $80K | $80K | 1.1% |
| 811192 | Car Washes | 1 | $485K | $485K | 1.1% |
| 337211 | Wood Office Furniture Manufacturing | 1 | $50K | $50K | 1.1% |
| 311812 | Commercial Bakeries | 1 | $180K | $180K | 1.1% |
Geographic Distribution
SBA lending activity for Security Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 93 | $13.7M | 98.9% |
| Virginia (VA) | 1 | $60K | 1.1% |
Why Choose Security Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 94 SBA loans approved, totaling $13.7M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Landscaping Services, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $20K to $624K, with an average of $146K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in FL, VA
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 Security Bank, National Association SBA lending
What types of businesses does Security Bank, National Association typically finance?
Security Bank, National Association specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), landscaping services, fitness and recreational sports centers, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security Bank, National Association's typical SBA loan terms?
Security Bank, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 107 months (approximately 9 years). Loan sizes range from $20K to $624K, with an average loan size of $146K.
Do I need a business valuation for a Security Bank, National Association SBA loan?
Yes, Security Bank, National Association 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 Security Bank, National Association compare to other SBA lenders?
Security Bank, National Association has originated 94 SBA loans totaling $13.7M since 1991. 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 Security Bank, National Association lend in?
Security Bank, National Association provides SBA 7(a) financing with particularly strong presence in FL, VA. 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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