Synovus Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Synovus Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 168 | $139.7M | $832K | 5.5% |
| 722511 | Full-Service Restaurants | 128 | $158.9M | $1.2M | 4.2% |
| 238990 | All Other Specialty Trade Contractors | 88 | $103.6M | $1.2M | 2.9% |
| 624410 | Child Day Care Services | 72 | $80.5M | $1.1M | 2.3% |
| 561730 | Landscaping Services | 64 | $40.5M | $632K | 2.1% |
| 562111 | Solid Waste Collection | 64 | $29.2M | $457K | 2.1% |
| 541211 | Offices of Certified Public Accountants | 56 | $31.4M | $560K | 1.8% |
| 811111 | General Automotive Repair | 56 | $79.4M | $1.4M | 1.8% |
| 541990 | All Other Professional, Scientific, and Technical Services | 48 | $72.9M | $1.5M | 1.6% |
| 423860 | Transportation Equipment and Supplies (except Motor Vehicle) Merchant | 40 | $120.0M | $3.0M | 1.3% |
Geographic Distribution
SBA lending activity for Synovus Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 1,160 | $1.51B | 37.8% |
| Florida (FL) | 1,024 | $1.46B | 33.3% |
| Alabama (AL) | 416 | $568.4M | 13.5% |
| South Carolina (SC) | 296 | $367.8M | 9.6% |
| Tennessee (TN) | 128 | $108.9M | 4.2% |
| North Carolina (NC) | 8 | $40.0M | 0.3% |
| Wisconsin (WI) | 8 | $21.8M | 0.3% |
| Mississippi (MS) | 16 | $12.2M | 0.5% |
| Texas (TX) | 16 | $8.4M | 0.5% |
Why Choose Synovus Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,072 SBA loans approved, totaling $4.10B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 9 states, with strong presence in GA, FL, AL
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 Synovus Bank SBA lending
What types of businesses does Synovus Bank typically finance?
Synovus Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, all other specialty trade contractors, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Synovus Bank's typical SBA loan terms?
Synovus Bank's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 158 months (approximately 13 years). Loan sizes range from $25K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a Synovus Bank SBA loan?
Yes, Synovus 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 Synovus Bank compare to other SBA lenders?
Synovus Bank has originated 3,072 SBA loans totaling $4.10B since 2020. 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 Synovus Bank lend in?
Synovus Bank provides SBA 7(a) financing with particularly strong presence in GA, FL, AL, SC, TN. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.