Southern Heritage Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southern Heritage Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713120 | Amusement Arcades | 2 | $1.6M | $799K | 14.3% |
| 722511 | Full-Service Restaurants | 2 | $976K | $488K | 14.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 1 | $213K | $213K | 7.1% |
| 541213 | Tax Preparation Services | 1 | $25K | $25K | 7.1% |
| 621391 | Offices of Podiatrists | 1 | $165K | $165K | 7.1% |
| 332994 | Small Arms, Ordnance, and Ordnance Accessories Manufacturing | 1 | $89K | $89K | 7.1% |
| 541320 | Landscape Architectural Services | 1 | $60K | $60K | 7.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $147K | $147K | 7.1% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | $200K | $200K | 7.1% |
| 624120 | Services for the Elderly and Persons with Disabilities | 1 | $93K | $93K | 7.1% |
Geographic Distribution
SBA lending activity for Southern Heritage Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 14 | $3.7M | 100.0% |
Why Choose Southern Heritage Bank?
Based on SBA 7(a) lending track record from 1993-2022
- ✓Proven Track Record: 14 SBA loans approved, totaling $3.7M in financing
- ✓Industry Expertise: Specialized focus on Amusement Arcades, Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 5.98% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $25K to $1.1M, with an average of $262K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in LA
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 Heritage Bank SBA lending
What types of businesses does Southern Heritage Bank typically finance?
Southern Heritage Bank specializes in SBA 7(a) lending to specific industries including amusement arcades, full-service restaurants, snack and nonalcoholic beverage bars, tax preparation services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern Heritage Bank's typical SBA loan terms?
Southern Heritage Bank's SBA 7(a) loans typically feature an average interest rate of 5.98% and average term length of 102 months (approximately 9 years). Loan sizes range from $25K to $1.1M, with an average loan size of $262K.
Do I need a business valuation for a Southern Heritage Bank SBA loan?
Yes, Southern Heritage 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 Heritage Bank compare to other SBA lenders?
Southern Heritage Bank has originated 14 SBA loans totaling $3.7M since 1993. 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 Heritage Bank lend in?
Southern Heritage Bank provides SBA 7(a) financing with particularly strong presence in LA. 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.
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Certified valuations are often required for SBA loans over $250,000.
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