Southside Bancshares, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Southside Bancshares, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $30K | $30K | 33.3% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $100K | $100K | 33.3% |
Geographic Distribution
SBA lending activity for Southside Bancshares, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 3 | $190K | 100.0% |
Why Choose Southside Bancshares, Inc.?
Based on SBA 7(a) lending track record from 1999-2002
- ✓Proven Track Record: 3 SBA loans approved, totaling $190K in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, General Freight Trucking, Long-Distance, Truckload
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 51 months
- ✓Loan Range: Loan sizes from $30K to $100K, with an average of $63K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
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 Southside Bancshares, Inc. SBA lending
What types of businesses does Southside Bancshares, Inc. typically finance?
Southside Bancshares, Inc. specializes in SBA 7(a) lending to specific industries including child care services, general freight trucking, long-distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Southside Bancshares, Inc.'s typical SBA loan terms?
Southside Bancshares, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 51 months (approximately 4 years). Loan sizes range from $30K to $100K, with an average loan size of $63K.
Do I need a business valuation for a Southside Bancshares, Inc. SBA loan?
Yes, Southside Bancshares, Inc. 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 Southside Bancshares, Inc. compare to other SBA lenders?
Southside Bancshares, Inc. has originated 3 SBA loans totaling $190K since 1999. 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 Southside Bancshares, Inc. lend in?
Southside Bancshares, Inc. provides SBA 7(a) financing with particularly strong presence in TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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