SNB Bank, National Association
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by SNB Bank, National Association · FY 2023
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445291 | Baked Goods Retailers | 2 | $1.2M | $583K | 18.2% |
| 524210 | Insurance Agencies and Brokerages | 2 | $500K | $250K | 18.2% |
| 311811 | Retail Bakeries | 2 | $1.1M | $564K | 18.2% |
| 111332 | Grape Vineyards | 1 | $1.4M | $1.4M | 9.1% |
| 711410 | Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | 1 | $261K | $261K | 9.1% |
| 541219 | Other Accounting Services | 1 | $289K | $289K | 9.1% |
| 624410 | Child Care Services | 1 | $350K | $350K | 9.1% |
| 722513 | Limited-Service Restaurants | 1 | $126K | $126K | 9.1% |
Geographic Distribution
SBA lending activity for SNB Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 4 | $2.4M | 36.4% |
| Georgia (GA) | 4 | $1.9M | 36.4% |
| Illinois (IL) | 1 | $350K | 9.1% |
| Utah (UT) | 1 | $350K | 9.1% |
| Virginia (VA) | 1 | $150K | 9.1% |
Why Choose SNB Bank, National Association?
Based on SBA 7(a) lending track record in FY 2023
- ✓Proven Track Record: 11 SBA loans approved, totaling $5.2M in financing
- ✓Industry Expertise: Specialized focus on Baked Goods Retailers, Insurance Agencies and Brokerages, Retail Bakeries
- ✓Competitive Terms: Average interest rate of 9.64% with flexible term lengths averaging 151 months
- ✓Loan Range: Loan sizes from $126K to $1.4M, with an average of $474K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in CA, GA, IL
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 SNB Bank, National Association SBA lending
What types of businesses does SNB Bank, National Association typically finance?
SNB Bank, National Association specializes in SBA 7(a) lending to specific industries including baked goods retailers, insurance agencies and brokerages, retail bakeries, grape vineyards. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SNB Bank, National Association's typical SBA loan terms?
SNB Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 9.64% and average term length of 151 months (approximately 13 years). Loan sizes range from $126K to $1.4M, with an average loan size of $474K.
Do I need a business valuation for a SNB Bank, National Association SBA loan?
Yes, SNB 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 SNB Bank, National Association compare to other SBA lenders?
SNB Bank, National Association has originated 11 SBA loans totaling $5.2M in FY 2023. 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 SNB Bank, National Association lend in?
SNB Bank, National Association provides SBA 7(a) financing with particularly strong presence in CA, GA, IL, UT, 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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