The Bank of Milan
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Milan · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $180K | $90K | 40.0% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 1 | $207K | $207K | 20.0% |
Geographic Distribution
SBA lending activity for The Bank of Milan by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 5 | $626K | 100.0% |
Why Choose The Bank of Milan?
Based on SBA 7(a) lending track record from 1999-2009
- ✓Proven Track Record: 5 SBA loans approved, totaling $626K in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Motion Picture Theaters (except Drive-Ins)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $63K to $207K, with an average of $125K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 Milan SBA lending
What types of businesses does The Bank of Milan typically finance?
The Bank of Milan specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), motion picture theaters (except drive-ins). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Milan's typical SBA loan terms?
The Bank of Milan's SBA 7(a) loans typically feature an average interest rate of — and average term length of 105 months (approximately 9 years). Loan sizes range from $63K to $207K, with an average loan size of $125K.
Do I need a business valuation for a The Bank of Milan SBA loan?
Yes, The Bank of Milan 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 Milan compare to other SBA lenders?
The Bank of Milan has originated 5 SBA loans totaling $626K since 1999. 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 Milan lend in?
The Bank of Milan provides SBA 7(a) financing with particularly strong presence in TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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