South Georgia Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South Georgia Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $4.9M | $2.4M | 16.7% |
| 561431 | Private Mail Centers | 1 | $629K | $629K | 8.3% |
| 488410 | Motor Vehicle Towing | 1 | $246K | $246K | 8.3% |
| 424460 | Fish and Seafood Merchant Wholesalers | 1 | $203K | $203K | 8.3% |
| 484110 | General Freight Trucking, Local | 1 | $351K | $351K | 8.3% |
Geographic Distribution
SBA lending activity for South Georgia Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 12 | $11.2M | 100.0% |
Why Choose South Georgia Bank?
Based on SBA 7(a) lending track record from 1991-2022
- ✓Proven Track Record: 12 SBA loans approved, totaling $11.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Private Mail Centers, Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of 5.81% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $70K to $3.6M, with an average of $935K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in GA
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 Georgia Bank SBA lending
What types of businesses does South Georgia Bank typically finance?
South Georgia Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, private mail centers, motor vehicle towing, fish and seafood merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South Georgia Bank's typical SBA loan terms?
South Georgia Bank's SBA 7(a) loans typically feature an average interest rate of 5.81% and average term length of 162 months (approximately 14 years). Loan sizes range from $70K to $3.6M, with an average loan size of $935K.
Do I need a business valuation for a South Georgia Bank SBA loan?
Yes, South Georgia Bank 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 Georgia Bank compare to other SBA lenders?
South Georgia Bank has originated 12 SBA loans totaling $11.2M 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 Georgia Bank lend in?
South Georgia Bank provides SBA 7(a) financing with particularly strong presence in GA. 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?
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