South Plains Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South Plains Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $95K | $95K | 100.0% |
Geographic Distribution
SBA lending activity for South Plains Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 1 | $95K | 100.0% |
Why Choose South Plains Bank?
Based on SBA 7(a) lending track record from 1998-1998
- ✓Proven Track Record: 1 SBA loans approved, totaling $95K in financing
- ✓Industry Expertise: Specialized focus on Soil Preparation, Planting, and Cultivating
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 33 months
- ✓Loan Range: Loan sizes from $95K to $95K, with an average of $95K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Plains Bank SBA lending
What types of businesses does South Plains Bank typically finance?
South Plains Bank specializes in SBA 7(a) lending to specific industries including soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South Plains Bank's typical SBA loan terms?
South Plains Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 33 months (approximately 3 years). Loan sizes range from $95K to $95K, with an average loan size of $95K.
Do I need a business valuation for a South Plains Bank SBA loan?
Yes, South Plains 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 Plains Bank compare to other SBA lenders?
South Plains Bank has originated 1 SBA loans totaling $95K since 1998. 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 Plains Bank lend in?
South Plains Bank provides SBA 7(a) financing with particularly strong presence in TX. 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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