SouthTrust Bank of North Carolina
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by SouthTrust Bank of North Carolina · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for SouthTrust Bank of North Carolina by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 1 | $62K | 50.0% |
| South Carolina (SC) | 1 | $45K | 50.0% |
Why Choose SouthTrust Bank of North Carolina?
Based on SBA 7(a) lending track record from 1995-1996
- ✓Proven Track Record: 2 SBA loans approved, totaling $107K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $45K to $62K, with an average of $53K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in SC, 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 SouthTrust Bank of North Carolina SBA lending
What types of businesses does SouthTrust Bank of North Carolina typically finance?
SouthTrust 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 SouthTrust Bank of North Carolina's typical SBA loan terms?
SouthTrust Bank of North Carolina's SBA 7(a) loans typically feature an average interest rate of — and average term length of 60 months (approximately 5 years). Loan sizes range from $45K to $62K, with an average loan size of $53K.
Do I need a business valuation for a SouthTrust Bank of North Carolina SBA loan?
Yes, SouthTrust 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 SouthTrust Bank of North Carolina compare to other SBA lenders?
SouthTrust Bank of North Carolina has originated 2 SBA loans totaling $107K since 1995. 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 of North Carolina lend in?
SouthTrust Bank of North Carolina provides SBA 7(a) financing with particularly strong presence in SC, 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.
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.