Select Bancorp, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Select Bancorp, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Select Bancorp, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 1 | $400K | 100.0% |
Why Choose Select Bancorp, Inc.?
Based on SBA 7(a) lending track record from 2004-2004
- ✓Proven Track Record: 1 SBA loans approved, totaling $400K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $400K to $400K, with an average of $400K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 Select Bancorp, Inc. SBA lending
What types of businesses does Select Bancorp, Inc. typically finance?
Select Bancorp, Inc. specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Select Bancorp, Inc.'s typical SBA loan terms?
Select Bancorp, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $400K to $400K, with an average loan size of $400K.
Do I need a business valuation for a Select Bancorp, Inc. SBA loan?
Yes, Select Bancorp, Inc. 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 Select Bancorp, Inc. compare to other SBA lenders?
Select Bancorp, Inc. has originated 1 SBA loans totaling $400K since 2004. 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 Select Bancorp, Inc. lend in?
Select Bancorp, Inc. provides SBA 7(a) financing with particularly strong presence in NC. 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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