Southern Bancorp Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Southern Bancorp Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Day Care Services | 152 | $174.0M | $1.1M | 12.2% |
| 112320 | Broilers and Other Meat Type | 104 | $291.2M | $2.8M | 8.3% |
| 112310 | Chicken Egg Production | 104 | $281.8M | $2.7M | 8.3% |
| 722511 | Full-Service Restaurants | 72 | $48.8M | $677K | 5.8% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 32 | $8.0M | $249K | 2.6% |
| 811111 | General Automotive Repair | 32 | $4.7M | $147K | 2.6% |
| 113310 | Logging | 24 | $10.7M | $444K | 1.9% |
| 458110 | Other | 24 | $6.1M | $253K | 1.9% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $1.4M | $60K | 1.9% |
| 112390 | Other Poultry Production | 24 | $46.3M | $1.9M | 1.9% |
Geographic Distribution
SBA lending activity for Southern Bancorp Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Arkansas (AR) | 904 | $744.8M | 72.4% |
| Mississippi (MS) | 208 | $255.9M | 16.7% |
| Texas (TX) | 24 | $48.1M | 1.9% |
| Oklahoma (OK) | 16 | $39.8M | 1.3% |
| Tennessee (TN) | 32 | $36.5M | 2.6% |
| Louisiana (LA) | 8 | $36.5M | 0.6% |
| California (CA) | 16 | $20.7M | 1.3% |
| Kansas (KS) | 16 | $11.3M | 1.3% |
| Missouri (MO) | 8 | $5.8M | 0.6% |
| Florida (FL) | 8 | $2.0M | 0.6% |
| Wisconsin (WI) | 8 | $1.2M | 0.6% |
Why Choose Southern Bancorp Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,248 SBA loans approved, totaling $1.20B in financing
- ✓Industry Expertise: Specialized focus on Child Day Care Services, Broilers and Other Meat Type, Chicken Egg Production
- ✓Competitive Terms: Average interest rate of 7.31% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $15K to $4.8M, with an average of $964K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in AR, MS, 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 Southern Bancorp Bank SBA lending
What types of businesses does Southern Bancorp Bank typically finance?
Southern Bancorp Bank specializes in SBA 7(a) lending to specific industries including child day care services, broilers and other meat type, chicken egg production, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Bancorp Bank's typical SBA loan terms?
Southern Bancorp Bank's SBA 7(a) loans typically feature an average interest rate of 7.31% and average term length of 154 months (approximately 13 years). Loan sizes range from $15K to $4.8M, with an average loan size of $964K.
Do I need a business valuation for a Southern Bancorp Bank SBA loan?
Yes, Southern Bancorp 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 Southern Bancorp Bank compare to other SBA lenders?
Southern Bancorp Bank has originated 1,248 SBA loans totaling $1.20B 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 Southern Bancorp Bank lend in?
Southern Bancorp Bank provides SBA 7(a) financing with particularly strong presence in AR, MS, TN, TX, KS. 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?
Professional valuations are often required for SBA loans over $250,000.
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