SouthTrust Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SouthTrust Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 6 | $783K | $131K | 3.0% |
| 561510 | Travel Agencies | 3 | $100K | $33K | 1.5% |
| 624410 | Child Care Services | 3 | $350K | $117K | 1.5% |
| 541810 | Advertising Agencies | 2 | $90K | $45K | 1.0% |
| 522310 | Mortgage and Nonmortgage Loan Brokers | 2 | $50K | $25K | 1.0% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $215K | $108K | 1.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $520K | $260K | 1.0% |
| 441110 | New Car Dealers | 2 | $542K | $271K | 1.0% |
| 561730 | Landscaping Services | 2 | $260K | $130K | 1.0% |
| 541940 | Veterinary Services | 2 | $185K | $93K | 1.0% |
Geographic Distribution
SBA lending activity for SouthTrust Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 95 | $11.3M | 47.0% |
| Georgia (GA) | 39 | $8.2M | 19.3% |
| North Carolina (NC) | 39 | $5.8M | 19.3% |
| South Carolina (SC) | 23 | $3.5M | 11.4% |
| Alabama (AL) | 6 | $665K | 3.0% |
Why Choose SouthTrust Bank?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 202 SBA loans approved, totaling $29.5M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Travel Agencies, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $10K to $1.2M, with an average of $146K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in FL, NC, GA
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 SouthTrust Bank SBA lending
What types of businesses does SouthTrust Bank typically finance?
SouthTrust Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, travel agencies, child care services, advertising agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are SouthTrust Bank's typical SBA loan terms?
SouthTrust Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 88 months (approximately 7 years). Loan sizes range from $10K to $1.2M, with an average loan size of $146K.
Do I need a business valuation for a SouthTrust Bank SBA loan?
Yes, SouthTrust 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 SouthTrust Bank compare to other SBA lenders?
SouthTrust Bank has originated 202 SBA loans totaling $29.5M 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 SouthTrust Bank lend in?
SouthTrust Bank provides SBA 7(a) financing with particularly strong presence in FL, NC, GA, SC, AL. 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.
Get your certified valuation from Fair Market Value.