Sixth Bancshares, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sixth Bancshares, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $1.0M | $1.0M | 50.0% |
Geographic Distribution
SBA lending activity for Sixth Bancshares, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 2 | $1.3M | 100.0% |
Why Choose Sixth Bancshares, Inc.?
Based on SBA 7(a) lending track record from 2006-2007
- ✓Proven Track Record: 2 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $302K to $1.0M, with an average of $664K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KS
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 Sixth Bancshares, Inc. SBA lending
What types of businesses does Sixth Bancshares, Inc. typically finance?
Sixth Bancshares, Inc. specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sixth Bancshares, Inc.'s typical SBA loan terms?
Sixth Bancshares, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $302K to $1.0M, with an average loan size of $664K.
Do I need a business valuation for a Sixth Bancshares, Inc. SBA loan?
Yes, Sixth Bancshares, 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 Sixth Bancshares, Inc. compare to other SBA lenders?
Sixth Bancshares, Inc. has originated 2 SBA loans totaling $1.3M 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 Sixth Bancshares, Inc. lend in?
Sixth Bancshares, Inc. provides SBA 7(a) financing with particularly strong presence in KS. 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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