SmartBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SmartBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 18 | $26.3M | $1.5M | 9.7% |
| 332710 | Machine Shops | 4 | $780K | $195K | 2.2% |
| 621210 | Offices of Dentists | 4 | $2.2M | $553K | 2.2% |
| 561790 | Other Services to Buildings and Dwellings | 4 | $764K | $191K | 2.2% |
| 722511 | Full-Service Restaurants | 3 | $629K | $210K | 1.6% |
| 314110 | Carpet and Rug Mills | 2 | $711K | $356K | 1.1% |
| 531390 | Other Activities Related to Real Estate | 2 | $85K | $43K | 1.1% |
| 441120 | Used Car Dealers | 2 | $375K | $188K | 1.1% |
| 812990 | All Other Personal Services | 2 | $1.8M | $896K | 1.1% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $340K | $170K | 1.1% |
Geographic Distribution
SBA lending activity for SmartBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 151 | $66.1M | 81.6% |
| Alabama (AL) | 8 | $11.5M | 4.3% |
| Georgia (GA) | 21 | $7.0M | 11.4% |
| Florida (FL) | 3 | $1.9M | 1.6% |
| Virginia (VA) | 1 | $905K | 0.5% |
| Delaware (DE) | 1 | $150K | 0.5% |
Why Choose SmartBank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 185 SBA loans approved, totaling $87.4M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Machine Shops, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 5.73% with flexible term lengths averaging 151 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $473K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in TN, GA, AL
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 SmartBank SBA lending
What types of businesses does SmartBank typically finance?
SmartBank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, machine shops, offices of dentists, other services to buildings and dwellings. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SmartBank's typical SBA loan terms?
SmartBank's SBA 7(a) loans typically feature an average interest rate of 5.73% and average term length of 151 months (approximately 13 years). Loan sizes range from $15K to $5.0M, with an average loan size of $473K.
Do I need a business valuation for a SmartBank SBA loan?
Yes, SmartBank 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 SmartBank compare to other SBA lenders?
SmartBank has originated 185 SBA loans totaling $87.4M 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 SmartBank lend in?
SmartBank provides SBA 7(a) financing with particularly strong presence in TN, GA, AL, 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.
Get your certified valuation from Fair Market Value.