Sunrise Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sunrise Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $3.6M | $1.2M | 27.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $1.5M | $1.5M | 9.1% |
| 624410 | Child Care Services | 1 | $967K | $967K | 9.1% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $1.3M | $1.3M | 9.1% |
| 541110 | Offices of Lawyers | 1 | $213K | $213K | 9.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $459K | $459K | 9.1% |
| 811192 | Car Washes | 1 | $567K | $567K | 9.1% |
| 541940 | Veterinary Services | 1 | $1.1M | $1.1M | 9.1% |
Geographic Distribution
SBA lending activity for Sunrise Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 11 | $10.6M | 100.0% |
Why Choose Sunrise Bank?
Based on SBA 7(a) lending track record from 2014-2019
- ✓Proven Track Record: 11 SBA loans approved, totaling $10.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hotels (except Casino Hotels) and Motels, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 298 months
- ✓Loan Range: Loan sizes from $213K to $2.0M, with an average of $967K
- ✓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 Sunrise Bank SBA lending
What types of businesses does Sunrise Bank typically finance?
Sunrise Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, hotels (except casino hotels) and motels, child care services, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sunrise Bank's typical SBA loan terms?
Sunrise Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 298 months (approximately 25 years). Loan sizes range from $213K to $2.0M, with an average loan size of $967K.
Do I need a business valuation for a Sunrise Bank SBA loan?
Yes, Sunrise 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 Sunrise Bank compare to other SBA lenders?
Sunrise Bank has originated 11 SBA loans totaling $10.6M since 2014. 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 Sunrise Bank lend in?
Sunrise 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.
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