South Central Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South Central Bank, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 11 | $884K | $80K | 4.0% |
| 561740 | Carpet and Upholstery Cleaning Services | 10 | $1.1M | $106K | 3.6% |
| 561730 | Landscaping Services | 9 | $1.0M | $113K | 3.2% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 6 | $924K | $154K | 2.2% |
| 722513 | Limited-Service Restaurants | 6 | $792K | $132K | 2.2% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 6 | $333K | $56K | 2.2% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 6 | $1.3M | $211K | 2.2% |
| 441120 | Used Car Dealers | 5 | $410K | $82K | 1.8% |
| 492210 | Local Messengers and Local Delivery | 5 | $282K | $56K | 1.8% |
| 624410 | Child Care Services | 5 | $504K | $101K | 1.8% |
Geographic Distribution
SBA lending activity for South Central Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 273 | $50.9M | 98.2% |
| Tennessee (TN) | 5 | $2.3M | 1.8% |
Why Choose South Central Bank, Inc.?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 278 SBA loans approved, totaling $53.3M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Carpet and Upholstery Cleaning Services, Landscaping Services
- ✓Competitive Terms: Average interest rate of 6.10% with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $4K to $3.8M, with an average of $192K
- ✓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 general automotive repair, carpet and upholstery cleaning services, landscaping services, general freight trucking, long-distance, truckload. 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 6.10% and average term length of 105 months (approximately 9 years). Loan sizes range from $4K to $3.8M, with an average loan size of $192K.
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 278 SBA loans totaling $53.3M 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 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
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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