THE BURNS NATIONAL BANK OF
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by THE BURNS NATIONAL BANK OF · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for THE BURNS NATIONAL BANK OF by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 19 | $1.1M | 100.0% |
Why Choose THE BURNS NATIONAL BANK OF?
Based on SBA 7(a) lending track record from 1994-1999
- ✓Proven Track Record: 19 SBA loans approved, totaling $1.1M in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 74 months
- ✓Loan Range: Loan sizes from $12K to $181K, with an average of $60K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
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 BURNS NATIONAL BANK OF SBA lending
What types of businesses does THE BURNS NATIONAL BANK OF typically finance?
THE BURNS NATIONAL BANK OF specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are THE BURNS NATIONAL BANK OF's typical SBA loan terms?
THE BURNS NATIONAL BANK OF's SBA 7(a) loans typically feature an average interest rate of — and average term length of 74 months (approximately 6 years). Loan sizes range from $12K to $181K, with an average loan size of $60K.
Do I need a business valuation for a THE BURNS NATIONAL BANK OF SBA loan?
Yes, THE BURNS NATIONAL BANK OF 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 BURNS NATIONAL BANK OF compare to other SBA lenders?
THE BURNS NATIONAL BANK OF has originated 19 SBA loans totaling $1.1M since 1994. 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 BURNS NATIONAL BANK OF lend in?
THE BURNS NATIONAL BANK OF provides SBA 7(a) financing with particularly strong presence in CO. 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.
Get your certified valuation from Fair Market Value.