Southern National Bank of North Carolina
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southern National Bank of North Carolina · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Southern National Bank of North Carolina by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 11 | $1.0M | 91.7% |
| Michigan (MI) | 1 | $150K | 8.3% |
Why Choose Southern National Bank of North Carolina?
Based on SBA 7(a) lending track record from 1991-1996
- ✓Proven Track Record: 12 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 55 months
- ✓Loan Range: Loan sizes from $15K to $225K, with an average of $98K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NC, MI
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 National Bank of North Carolina SBA lending
What types of businesses does Southern National Bank of North Carolina typically finance?
Southern National Bank of North Carolina specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southern National Bank of North Carolina's typical SBA loan terms?
Southern National Bank of North Carolina's SBA 7(a) loans typically feature an average interest rate of — and average term length of 55 months (approximately 5 years). Loan sizes range from $15K to $225K, with an average loan size of $98K.
Do I need a business valuation for a Southern National Bank of North Carolina SBA loan?
Yes, Southern National Bank of North Carolina 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 National Bank of North Carolina compare to other SBA lenders?
Southern National Bank of North Carolina has originated 12 SBA loans totaling $1.2M 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 National Bank of North Carolina lend in?
Southern National Bank of North Carolina provides SBA 7(a) financing with particularly strong presence in NC, MI. 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?
Certified valuations are often required for SBA loans over $250,000.
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