The Bank of Clarendon
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Clarendon · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115112 | Soil Preparation, Planting, and Cultivating | 2 | $52K | $26K | 8.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $65K | $65K | 4.2% |
| 812112 | Beauty Salons | 1 | $50K | $50K | 4.2% |
| 321114 | Wood Preservation | 1 | $200K | $200K | 4.2% |
| 621610 | Home Health Care Services | 1 | $20K | $20K | 4.2% |
| 811111 | General Automotive Repair | 1 | $80K | $80K | 4.2% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $90K | $90K | 4.2% |
Geographic Distribution
SBA lending activity for The Bank of Clarendon by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 24 | $1.7M | 100.0% |
Why Choose The Bank of Clarendon?
Based on SBA 7(a) lending track record from 1991-2004
- ✓Proven Track Record: 24 SBA loans approved, totaling $1.7M in financing
- ✓Industry Expertise: Specialized focus on Soil Preparation, Planting, and Cultivating, Coin-Operated Laundries and Drycleaners, Beauty Salons
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $12K to $200K, with an average of $71K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SC
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 The Bank of Clarendon SBA lending
What types of businesses does The Bank of Clarendon typically finance?
The Bank of Clarendon specializes in SBA 7(a) lending to specific industries including soil preparation, planting, and cultivating, coin-operated laundries and drycleaners, beauty salons, wood preservation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Clarendon's typical SBA loan terms?
The Bank of Clarendon's SBA 7(a) loans typically feature an average interest rate of — and average term length of 87 months (approximately 7 years). Loan sizes range from $12K to $200K, with an average loan size of $71K.
Do I need a business valuation for a The Bank of Clarendon SBA loan?
Yes, The Bank of Clarendon 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 The Bank of Clarendon compare to other SBA lenders?
The Bank of Clarendon has originated 24 SBA loans totaling $1.7M 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 The Bank of Clarendon lend in?
The Bank of Clarendon provides SBA 7(a) financing with particularly strong presence in SC. 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?
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