The Bank of Edison
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Edison · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 12 | $18.3M | $1.5M | 35.3% |
| 811111 | General Automotive Repair | 3 | $1.6M | $544K | 8.8% |
| 323111 | Commercial Printing (except Screen and Books) | 3 | $3.0M | $1.0M | 8.8% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $3.6M | $1.8M | 5.9% |
| 326112 | Plastics Packaging Film and Sheet (including Laminated) Manufacturing | 1 | $5.0M | $5.0M | 2.9% |
| 922160 | Fire Protection | 1 | $694K | $694K | 2.9% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $1.5M | $1.5M | 2.9% |
| 722511 | Full-Service Restaurants | 1 | $829K | $829K | 2.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $1.3M | $1.3M | 2.9% |
| 524210 | Insurance Agencies and Brokerages | 1 | $859K | $859K | 2.9% |
Geographic Distribution
SBA lending activity for The Bank of Edison by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 6 | $9.0M | 17.6% |
| Georgia (GA) | 7 | $8.6M | 20.6% |
| Tennessee (TN) | 3 | $7.0M | 8.8% |
| West Virginia (WV) | 1 | $5.0M | 2.9% |
| Virginia (VA) | 3 | $2.3M | 8.8% |
| Ohio (OH) | 1 | $1.7M | 2.9% |
| North Carolina (NC) | 2 | $1.5M | 5.9% |
| Pennsylvania (PA) | 2 | $1.5M | 5.9% |
| Kansas (KS) | 1 | $1.4M | 2.9% |
| Florida (FL) | 2 | $1.3M | 5.9% |
| Illinois (IL) | 2 | $1.2M | 5.9% |
| South Carolina (SC) | 1 | $640K | 2.9% |
| Iowa (IA) | 1 | $473K | 2.9% |
| Missouri (MO) | 1 | $294K | 2.9% |
| Arkansas (AR) | 1 | $228K | 2.9% |
Why Choose The Bank of Edison?
Based on SBA 7(a) lending track record from 2021-2025
- ✓Proven Track Record: 34 SBA loans approved, totaling $42.0M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, General Automotive Repair, Commercial Printing (except Screen and Books)
- ✓Competitive Terms: Average interest rate of 7.65% with flexible term lengths averaging 266 months
- ✓Loan Range: Loan sizes from $228K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 15 states, with strong presence in GA, TX, 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 Edison SBA lending
What types of businesses does The Bank of Edison typically finance?
The Bank of Edison specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, general automotive repair, commercial printing (except screen and books), supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Edison's typical SBA loan terms?
The Bank of Edison's SBA 7(a) loans typically feature an average interest rate of 7.65% and average term length of 266 months (approximately 22 years). Loan sizes range from $228K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a The Bank of Edison SBA loan?
Yes, The Bank of Edison 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 Edison compare to other SBA lenders?
The Bank of Edison has originated 34 SBA loans totaling $42.0M since 2021. 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 Edison lend in?
The Bank of Edison provides SBA 7(a) financing with particularly strong presence in GA, TX, VA, TN, PA. 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.
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