Sun American Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sun American Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $141K | $141K | 2.3% |
| 621210 | Offices of Dentists | 1 | $60K | $60K | 2.3% |
| 811122 | Automotive Glass Replacement Shops | 1 | $140K | $140K | 2.3% |
| 541940 | Veterinary Services | 1 | $540K | $540K | 2.3% |
| 311811 | Retail Bakeries | 1 | $77K | $77K | 2.3% |
| 325612 | Polish and Other Sanitation Good Manufacturing | 1 | $50K | $50K | 2.3% |
| 811111 | General Automotive Repair | 1 | $60K | $60K | 2.3% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $90K | $90K | 2.3% |
Geographic Distribution
SBA lending activity for Sun American Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 44 | $9.1M | 100.0% |
Why Choose Sun American Bank?
Based on SBA 7(a) lending track record from 1992-2006
- ✓Proven Track Record: 44 SBA loans approved, totaling $9.1M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Offices of Dentists, Automotive Glass Replacement Shops
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $20K to $917K, with an average of $207K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in FL
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 Sun American Bank SBA lending
What types of businesses does Sun American Bank typically finance?
Sun American Bank specializes in SBA 7(a) lending to specific industries including child care services, offices of dentists, automotive glass replacement shops, veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sun American Bank's typical SBA loan terms?
Sun American Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 101 months (approximately 8 years). Loan sizes range from $20K to $917K, with an average loan size of $207K.
Do I need a business valuation for a Sun American Bank SBA loan?
Yes, Sun American 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 Sun American Bank compare to other SBA lenders?
Sun American Bank has originated 44 SBA loans totaling $9.1M 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 Sun American Bank lend in?
Sun American Bank provides SBA 7(a) financing with particularly strong presence in FL. 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.