Security Bank of Gwinnett County
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security Bank of Gwinnett County · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Security Bank of Gwinnett County by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 2 | $386K | 100.0% |
Why Choose Security Bank of Gwinnett County?
Based on SBA 7(a) lending track record from 2006-2007
- ✓Proven Track Record: 2 SBA loans approved, totaling $386K in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 210 months
- ✓Loan Range: Loan sizes from $150K to $236K, with an average of $193K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in GA
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 of Gwinnett County SBA lending
What types of businesses does Security Bank of Gwinnett County typically finance?
Security Bank of Gwinnett County specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security Bank of Gwinnett County's typical SBA loan terms?
Security Bank of Gwinnett County's SBA 7(a) loans typically feature an average interest rate of — and average term length of 210 months (approximately 18 years). Loan sizes range from $150K to $236K, with an average loan size of $193K.
Do I need a business valuation for a Security Bank of Gwinnett County SBA loan?
Yes, Security Bank of Gwinnett County 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 of Gwinnett County compare to other SBA lenders?
Security Bank of Gwinnett County has originated 2 SBA loans totaling $386K since 2006. 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 of Gwinnett County lend in?
Security Bank of Gwinnett County provides SBA 7(a) financing with particularly strong presence in GA. 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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