South Central Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South Central Bank, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors | 24 | $6.0M | $250K | 9.7% |
| 459110 | Other | 24 | $1.7M | $70K | 9.7% |
| 238990 | All Other Specialty Trade Contractors | 16 | $3.2M | $200K | 6.5% |
| 722513 | Limited-Service Restaurants | 16 | $4.4M | $275K | 6.5% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $9.5M | $592K | 6.5% |
| 321918 | Other Millwork (including Flooring) | 16 | $33.6M | $2.1M | 6.5% |
| 541420 | Industrial Design Services | 16 | $2.4M | $149K | 6.5% |
| 423410 | Photographic Equipment and Supplies Merchant Wholesalers | 8 | $1.6M | $200K | 3.2% |
| 236220 | Commercial and Institutional Building Construction | 8 | $8.0M | $1.0M | 3.2% |
| 561730 | Landscaping Services | 8 | $6.5M | $812K | 3.2% |
Geographic Distribution
SBA lending activity for South Central Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 240 | $138.4M | 96.8% |
| Tennessee (TN) | 8 | $5.2M | 3.2% |
Why Choose South Central Bank, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 248 SBA loans approved, totaling $143.5M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors, Other, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 6.94% with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $50K to $3.8M, with an average of $579K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, TN
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 South Central Bank, Inc. SBA lending
What types of businesses does South Central Bank, Inc. typically finance?
South Central Bank, Inc. specializes in SBA 7(a) lending to specific industries including electrical contractors, other, all other specialty trade contractors, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South Central Bank, Inc.'s typical SBA loan terms?
South Central Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 6.94% and average term length of 119 months (approximately 10 years). Loan sizes range from $50K to $3.8M, with an average loan size of $579K.
Do I need a business valuation for a South Central Bank, Inc. SBA loan?
Yes, South Central Bank, 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 South Central Bank, Inc. compare to other SBA lenders?
South Central Bank, Inc. has originated 248 SBA loans totaling $143.5M since 2020. 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 South Central Bank, Inc. lend in?
South Central Bank, Inc. provides SBA 7(a) financing with particularly strong presence in KY, TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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