The Bank of Currituck
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Currituck · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541620 | Environmental Consulting Services | 1 | $345K | $345K | 16.7% |
Geographic Distribution
SBA lending activity for The Bank of Currituck by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 4 | $503K | 66.7% |
| Virginia (VA) | 1 | $100K | 16.7% |
| West Virginia (WV) | 1 | $48K | 16.7% |
Why Choose The Bank of Currituck?
Based on SBA 7(a) lending track record from 1992-2010
- ✓Proven Track Record: 6 SBA loans approved, totaling $651K in financing
- ✓Industry Expertise: Specialized focus on Environmental Consulting Services
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 85 months
- ✓Loan Range: Loan sizes from $10K to $345K, with an average of $108K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NC, WV, VA
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 Currituck SBA lending
What types of businesses does The Bank of Currituck typically finance?
The Bank of Currituck specializes in SBA 7(a) lending to specific industries including environmental consulting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Currituck's typical SBA loan terms?
The Bank of Currituck's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 85 months (approximately 7 years). Loan sizes range from $10K to $345K, with an average loan size of $108K.
Do I need a business valuation for a The Bank of Currituck SBA loan?
Yes, The Bank of Currituck 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 Currituck compare to other SBA lenders?
The Bank of Currituck has originated 6 SBA loans totaling $651K 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 The Bank of Currituck lend in?
The Bank of Currituck provides SBA 7(a) financing with particularly strong presence in NC, WV, VA. 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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