The Citizens Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by The Citizens Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $16.6M | $690K | 16.7% |
| 812112 | Beauty Salons | 16 | $3.2M | $200K | 11.1% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $27.6M | $3.5M | 5.6% |
| 811118 | Other Automotive Mechanical and Electrical Repair and Maintenance | 8 | $884K | $111K | 5.6% |
| 493190 | Other Warehousing and Storage | 8 | $1.8M | $227K | 5.6% |
| 444130 | Hardware Stores | 8 | $2.4M | $300K | 5.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.0M | $250K | 5.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $4.0M | $500K | 5.6% |
| 115112 | Soil Preparation, Planting, and Cultivating | 8 | $800K | $100K | 5.6% |
| 447110 | Gasoline Stations with Convenience Stores | 8 | $9.9M | $1.2M | 5.6% |
Geographic Distribution
SBA lending activity for The Citizens Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 32 | $43.7M | 22.2% |
| Arkansas (AR) | 104 | $33.9M | 72.2% |
| Tennessee (TN) | 8 | $9.6M | 5.6% |
Why Choose The Citizens Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $87.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 155 months
- ✓Loan Range: Loan sizes from $52K to $3.5M, with an average of $605K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in AR, SC, 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 Citizens Bank SBA lending
What types of businesses does The Citizens Bank typically finance?
The Citizens Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, fitness and recreational sports centers, other automotive mechanical and electrical repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Citizens Bank's typical SBA loan terms?
The Citizens Bank's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 155 months (approximately 13 years). Loan sizes range from $52K to $3.5M, with an average loan size of $605K.
Do I need a business valuation for a The Citizens Bank SBA loan?
Yes, The Citizens Bank 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 compare to other SBA lenders?
The Citizens Bank has originated 144 SBA loans totaling $87.2M 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 lend in?
The Citizens Bank provides SBA 7(a) financing with particularly strong presence in AR, SC, TN. 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?
Professional valuations are often required for SBA loans over $250,000.
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