Southern Community Financial Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southern Community Financial Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611519 | Other Technical and Trade Schools | 1 | $100K | $100K | 50.0% |
Geographic Distribution
SBA lending activity for Southern Community Financial Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 2 | $216K | 100.0% |
Why Choose Southern Community Financial Corporation?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 2 SBA loans approved, totaling $216K in financing
- ✓Industry Expertise: Specialized focus on Other Technical and Trade Schools
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $100K to $116K, with an average of $108K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 Community Financial Corporation SBA lending
What types of businesses does Southern Community Financial Corporation typically finance?
Southern Community Financial Corporation specializes in SBA 7(a) lending to specific industries including other technical and trade schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Community Financial Corporation's typical SBA loan terms?
Southern Community Financial Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $100K to $116K, with an average loan size of $108K.
Do I need a business valuation for a Southern Community Financial Corporation SBA loan?
Yes, Southern Community Financial Corporation 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 Community Financial Corporation compare to other SBA lenders?
Southern Community Financial Corporation has originated 2 SBA loans totaling $216K since 2007. 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 Community Financial Corporation lend in?
Southern Community Financial Corporation provides SBA 7(a) financing with particularly strong presence in NC. 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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