Spur Security Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Spur Security Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 325314 | Fertilizer (Mixing Only) Manufacturing | 2 | $210K | $105K | 11.8% |
| 811192 | Car Washes | 1 | $20K | $20K | 5.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $50K | $50K | 5.9% |
| 333111 | Farm Machinery and Equipment Manufacturing | 1 | $50K | $50K | 5.9% |
| 111920 | Cotton Farming | 1 | $375K | $375K | 5.9% |
| 812111 | Barber Shops | 1 | $200K | $200K | 5.9% |
Geographic Distribution
SBA lending activity for Spur Security Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 16 | $1.3M | 94.1% |
| Maryland (MD) | 1 | $200K | 5.9% |
Why Choose Spur Security Bank?
Based on SBA 7(a) lending track record from 1992-2009
- ✓Proven Track Record: 17 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Fertilizer (Mixing Only) Manufacturing, Car Washes, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $13K to $375K, with an average of $90K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, MD
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 Spur Security Bank SBA lending
What types of businesses does Spur Security Bank typically finance?
Spur Security Bank specializes in SBA 7(a) lending to specific industries including fertilizer (mixing only) manufacturing, car washes, drinking places (alcoholic beverages), farm machinery and equipment manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Spur Security Bank's typical SBA loan terms?
Spur Security Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 96 months (approximately 8 years). Loan sizes range from $13K to $375K, with an average loan size of $90K.
Do I need a business valuation for a Spur Security Bank SBA loan?
Yes, Spur Security 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 Spur Security Bank compare to other SBA lenders?
Spur Security Bank has originated 17 SBA loans totaling $1.5M since 1992. 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 Spur Security Bank lend in?
Spur Security Bank provides SBA 7(a) financing with particularly strong presence in TX, MD. 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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