Sterling Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sterling Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 2 | $84K | $42K | 2.6% |
| 339950 | Sign Manufacturing | 1 | $144K | $144K | 1.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $100K | $100K | 1.3% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $509K | $509K | 1.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $680K | $680K | 1.3% |
| 111219 | Other Vegetable (except Potato) and Melon Farming | 1 | $34K | $34K | 1.3% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $175K | $175K | 1.3% |
| 541110 | Offices of Lawyers | 1 | $100K | $100K | 1.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $150K | $150K | 1.3% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $257K | $257K | 1.3% |
Geographic Distribution
SBA lending activity for Sterling Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 48 | $9.7M | 62.3% |
| Wisconsin (WI) | 11 | $6.2M | 14.3% |
| Missouri (MO) | 18 | $4.6M | 23.4% |
Why Choose Sterling Bank?
Based on SBA 7(a) lending track record from 1991-2013
- ✓Proven Track Record: 77 SBA loans approved, totaling $20.5M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Sign Manufacturing, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of 6.25% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $10K to $1.5M, with an average of $266K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TX, MO, WI
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 Sterling Bank SBA lending
What types of businesses does Sterling Bank typically finance?
Sterling Bank specializes in SBA 7(a) lending to specific industries including beauty salons, sign manufacturing, drinking places (alcoholic beverages), all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sterling Bank's typical SBA loan terms?
Sterling Bank's SBA 7(a) loans typically feature an average interest rate of 6.25% and average term length of 76 months (approximately 6 years). Loan sizes range from $10K to $1.5M, with an average loan size of $266K.
Do I need a business valuation for a Sterling Bank SBA loan?
Yes, Sterling 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 Sterling Bank compare to other SBA lenders?
Sterling Bank has originated 77 SBA loans totaling $20.5M 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 Sterling Bank lend in?
Sterling Bank provides SBA 7(a) financing with particularly strong presence in TX, MO, WI. 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.