The Citizens Bank of Weston
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Citizens Bank of Weston
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 237110 | Water and Sewer Line and Related Structures Construction | 8 | $3.5M | $440K | 12.5% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $1.1M | $140K | 12.5% |
| 455219 | Other | 8 | $1.2M | $150K | 12.5% |
| 561790 | Other Services to Buildings and Dwellings | 8 | $320K | $40K | 12.5% |
| 624410 | Child Day Care Services | 8 | $2.2M | $270K | 12.5% |
| 531390 | Other Activities Related to Real Estate | 8 | $2.4M | $300K | 12.5% |
| 561990 | All Other Support Services | 8 | $4.0M | $500K | 12.5% |
| 423620 | Electrical and Electronic Appliance, Television, and Radio Set Merchan | 8 | $160K | $20K | 12.5% |
Geographic Distribution
SBA lending activity for The Citizens Bank of Weston by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 48 | $11.4M | 75.0% |
| Virginia (VA) | 16 | $3.5M | 25.0% |
Why Choose The Citizens Bank of Weston?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $14.9M in financing
- ✓Industry Expertise: Specialized focus on Water and Sewer Line and Related Structures Construction, Coin-Operated Laundries and Drycleaners, Other
- ✓Competitive Terms: Average interest rate of 7.91% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $20K to $500K, with an average of $233K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in 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 Citizens Bank of Weston SBA lending
What types of businesses does The Citizens Bank of Weston typically finance?
The Citizens Bank of Weston specializes in SBA 7(a) lending to specific industries including water and sewer line and related structures construction, coin-operated laundries and drycleaners, other, other services to buildings and dwellings. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Citizens Bank of Weston's typical SBA loan terms?
The Citizens Bank of Weston's SBA 7(a) loans typically feature an average interest rate of 7.91% and average term length of 108 months (approximately 9 years). Loan sizes range from $20K to $500K, with an average loan size of $233K.
Do I need a business valuation for a The Citizens Bank of Weston SBA loan?
Yes, The Citizens Bank of Weston 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 Citizens Bank of Weston compare to other SBA lenders?
The Citizens Bank of Weston has originated 64 SBA loans totaling $14.9M 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 Citizens Bank of Weston lend in?
The Citizens Bank of Weston provides SBA 7(a) financing with particularly strong presence in 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.
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Professional valuations are often required for SBA loans over $250,000.
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