Southern Bank and Trust Company
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Southern Bank and Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 64 | $22.2M | $346K | 15.7% |
| 561730 | Landscaping Services | 24 | $6.6M | $277K | 5.9% |
| 446110 | Pharmacies and Drug Stores | 16 | $7.3M | $455K | 3.9% |
| 722511 | Full-Service Restaurants | 16 | $4.4M | $275K | 3.9% |
| 236220 | Commercial and Institutional Building Construction | 16 | $2.8M | $175K | 3.9% |
| 484110 | General Freight Trucking, Local | 16 | $536K | $34K | 3.9% |
| 445120 | Convenience Stores | 16 | $500K | $31K | 3.9% |
| 621310 | Offices of Chiropractors | 16 | $2.9M | $180K | 3.9% |
| 493190 | Other Warehousing and Storage | 8 | $614K | $77K | 2.0% |
| 621112 | Offices of Physicians, Mental Health Specialists | 8 | $1.2M | $150K | 2.0% |
Geographic Distribution
SBA lending activity for Southern Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 376 | $119.6M | 92.2% |
| Virginia (VA) | 32 | $9.4M | 7.8% |
Why Choose Southern Bank and Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 408 SBA loans approved, totaling $129.0M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Landscaping Services, Pharmacies and Drug Stores
- ✓Competitive Terms: Average interest rate of 5.82% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $15K to $2.3M, with an average of $316K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NC, VA
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 and Trust Company SBA lending
What types of businesses does Southern Bank and Trust Company typically finance?
Southern Bank and Trust Company specializes in SBA 7(a) lending to specific industries including offices of dentists, landscaping services, pharmacies and drug stores, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Bank and Trust Company's typical SBA loan terms?
Southern Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of 5.82% and average term length of 104 months (approximately 9 years). Loan sizes range from $15K to $2.3M, with an average loan size of $316K.
Do I need a business valuation for a Southern Bank and Trust Company SBA loan?
Yes, Southern Bank and Trust Company 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 and Trust Company compare to other SBA lenders?
Southern Bank and Trust Company has originated 408 SBA loans totaling $129.0M 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 Bank and Trust Company lend in?
Southern Bank and Trust Company provides SBA 7(a) financing with particularly strong presence in NC, VA. 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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