StellarOne Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by StellarOne Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238310 | Drywall and Insulation Contractors | 3 | $115K | $38K | 6.8% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $90K | $90K | 2.3% |
| 812112 | Beauty Salons | 1 | $15K | $15K | 2.3% |
| 624410 | Child Care Services | 1 | $135K | $135K | 2.3% |
| 561720 | Janitorial Services | 1 | $32K | $32K | 2.3% |
| 721191 | Bed-and-Breakfast Inns | 1 | $630K | $630K | 2.3% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $100K | $100K | 2.3% |
| 238910 | Site Preparation Contractors | 1 | $120K | $120K | 2.3% |
| 561510 | Travel Agencies | 1 | $40K | $40K | 2.3% |
| 541430 | Graphic Design Services | 1 | $125K | $125K | 2.3% |
Geographic Distribution
SBA lending activity for StellarOne Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 44 | $5.6M | 100.0% |
Why Choose StellarOne Bank?
Based on SBA 7(a) lending track record from 1991-2009
- ✓Proven Track Record: 44 SBA loans approved, totaling $5.6M in financing
- ✓Industry Expertise: Specialized focus on Drywall and Insulation Contractors, Coin-Operated Laundries and Drycleaners, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.99% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $10K to $700K, with an average of $127K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VA
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 StellarOne Bank SBA lending
What types of businesses does StellarOne Bank typically finance?
StellarOne Bank specializes in SBA 7(a) lending to specific industries including drywall and insulation contractors, coin-operated laundries and drycleaners, beauty salons, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are StellarOne Bank's typical SBA loan terms?
StellarOne Bank's SBA 7(a) loans typically feature an average interest rate of 7.99% and average term length of 115 months (approximately 10 years). Loan sizes range from $10K to $700K, with an average loan size of $127K.
Do I need a business valuation for a StellarOne Bank SBA loan?
Yes, StellarOne 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 StellarOne Bank compare to other SBA lenders?
StellarOne Bank has originated 44 SBA loans totaling $5.6M 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 StellarOne Bank lend in?
StellarOne Bank provides SBA 7(a) financing with particularly strong presence in VA. 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.