The Bank of Clovis
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by The Bank of Clovis
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $6.3M | $261K | 10.3% |
| 444110 | Home Centers | 24 | $15.2M | $633K | 10.3% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 16 | $4.1M | $259K | 6.9% |
| 111940 | Hay Farming | 16 | $12.9M | $805K | 6.9% |
| 624410 | Child Day Care Services | 16 | $6.4M | $400K | 6.9% |
| 722513 | Limited-Service Restaurants | 16 | $10.8M | $673K | 6.9% |
| 484110 | General Freight Trucking, Local | 16 | $5.6M | $350K | 6.9% |
| 561710 | Exterminating and Pest Control Services | 16 | $2.0M | $128K | 6.9% |
| 458110 | Other | 8 | $3.6M | $448K | 3.4% |
| 459310 | Other | 8 | $320K | $40K | 3.4% |
Geographic Distribution
SBA lending activity for The Bank of Clovis by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 208 | $76.3M | 89.7% |
| Texas (TX) | 24 | $9.8M | 10.3% |
Why Choose The Bank of Clovis?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 232 SBA loans approved, totaling $86.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Home Centers, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 7.38% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $11K to $1.6M, with an average of $371K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NM, TX
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 Clovis SBA lending
What types of businesses does The Bank of Clovis typically finance?
The Bank of Clovis specializes in SBA 7(a) lending to specific industries including full-service restaurants, home centers, specialized freight (except used goods) trucking, local, hay farming. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Clovis's typical SBA loan terms?
The Bank of Clovis's SBA 7(a) loans typically feature an average interest rate of 7.38% and average term length of 135 months (approximately 11 years). Loan sizes range from $11K to $1.6M, with an average loan size of $371K.
Do I need a business valuation for a The Bank of Clovis SBA loan?
Yes, The Bank of Clovis 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 Clovis compare to other SBA lenders?
The Bank of Clovis has originated 232 SBA loans totaling $86.1M 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 The Bank of Clovis lend in?
The Bank of Clovis provides SBA 7(a) financing with particularly strong presence in NM, TX. 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.
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