South State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423840 | Industrial Supplies Merchant Wholesalers | 3 | $750K | $250K | 15.0% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $400K | $133K | 15.0% |
| 324110 | Petroleum Refineries | 2 | $3.0M | $1.5M | 10.0% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 2 | $1.1M | $550K | 10.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $321K | $321K | 5.0% |
Geographic Distribution
SBA lending activity for South State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 17 | $6.4M | 85.0% |
| Colorado (CO) | 3 | $2.7M | 15.0% |
Why Choose South State Bank?
Based on SBA 7(a) lending track record from 1999-2009
- ✓Proven Track Record: 20 SBA loans approved, totaling $9.1M in financing
- ✓Industry Expertise: Specialized focus on Industrial Supplies Merchant Wholesalers, Fitness and Recreational Sports Centers, Petroleum Refineries
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 59 months
- ✓Loan Range: Loan sizes from $60K to $2.0M, with an average of $454K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in SC, CO
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 State Bank SBA lending
What types of businesses does South State Bank typically finance?
South State Bank specializes in SBA 7(a) lending to specific industries including industrial supplies merchant wholesalers, fitness and recreational sports centers, petroleum refineries, other miscellaneous durable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South State Bank's typical SBA loan terms?
South State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 59 months (approximately 5 years). Loan sizes range from $60K to $2.0M, with an average loan size of $454K.
Do I need a business valuation for a South State Bank SBA loan?
Yes, South State 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 State Bank compare to other SBA lenders?
South State Bank has originated 20 SBA loans totaling $9.1M since 1999. 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 State Bank lend in?
South State Bank provides SBA 7(a) financing with particularly strong presence in SC, CO. 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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