Southern Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southern Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 33 | $21.4M | $650K | 4.6% |
| 713940 | Fitness and Recreational Sports Centers | 25 | $10.2M | $407K | 3.5% |
| 812199 | Other Personal Care Services | 21 | $6.8M | $326K | 2.9% |
| 722513 | Limited-Service Restaurants | 20 | $12.2M | $610K | 2.8% |
| 624410 | Child Care Services | 14 | $6.2M | $440K | 1.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 13 | $5.1M | $394K | 1.8% |
| 484110 | General Freight Trucking, Local | 11 | $4.6M | $415K | 1.5% |
| 811111 | General Automotive Repair | 10 | $3.8M | $377K | 1.4% |
| 812112 | Beauty Salons | 9 | $1.3M | $141K | 1.3% |
| 713990 | All Other Amusement and Recreation Industries | 9 | $10.4M | $1.2M | 1.3% |
Geographic Distribution
SBA lending activity for Southern Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 530 | $195.0M | 73.7% |
| Kansas (KS) | 78 | $36.1M | 10.8% |
| Illinois (IL) | 20 | $13.8M | 2.8% |
| Ohio (OH) | 3 | $10.1M | 0.4% |
| Arkansas (AR) | 20 | $7.5M | 2.8% |
| Florida (FL) | 15 | $7.4M | 2.1% |
| Texas (TX) | 13 | $6.3M | 1.8% |
| Nebraska (NE) | 1 | $5.0M | 0.1% |
| Indiana (IN) | 4 | $2.6M | 0.6% |
| California (CA) | 5 | $2.6M | 0.7% |
| Kentucky (KY) | 1 | $2.1M | 0.1% |
| Colorado (CO) | 3 | $1.8M | 0.4% |
| Pennsylvania (PA) | 3 | $1.2M | 0.4% |
| Massachusetts (MA) | 2 | $1.2M | 0.3% |
| Michigan (MI) | 3 | $1.2M | 0.4% |
| Georgia (GA) | 3 | $841K | 0.4% |
| Tennessee (TN) | 1 | $723K | 0.1% |
| North Carolina (NC) | 1 | $658K | 0.1% |
| Virginia (VA) | 1 | $553K | 0.1% |
| Oklahoma (OK) | 1 | $542K | 0.1% |
| Louisiana (LA) | 2 | $484K | 0.3% |
| New Jersey (NJ) | 1 | $461K | 0.1% |
| Washington (WA) | 1 | $451K | 0.1% |
| Oregon (OR) | 1 | $388K | 0.1% |
| South Carolina (SC) | 1 | $331K | 0.1% |
| Iowa (IA) | 1 | $210K | 0.1% |
| Arizona (AZ) | 2 | $155K | 0.3% |
| New York (NY) | 1 | $150K | 0.1% |
| Minnesota (MN) | 1 | $18K | 0.1% |
Why Choose Southern Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 719 SBA loans approved, totaling $300.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Other Personal Care Services
- ✓Competitive Terms: Average interest rate of 6.70% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $417K
- ✓Nationwide Reach: Active lending in 29 states, with strong presence in MO, KS, IL
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 Bank SBA lending
What types of businesses does Southern Bank typically finance?
Southern Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, other personal care services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Bank's typical SBA loan terms?
Southern Bank's SBA 7(a) loans typically feature an average interest rate of 6.70% and average term length of 129 months (approximately 11 years). Loan sizes range from $8K to $5.0M, with an average loan size of $417K.
Do I need a business valuation for a Southern Bank SBA loan?
Yes, Southern 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 Bank compare to other SBA lenders?
Southern Bank has originated 719 SBA loans totaling $300.0M 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 Southern Bank lend in?
Southern Bank provides SBA 7(a) financing with particularly strong presence in MO, KS, IL, AR, FL. 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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