The Citizens National Bank of Woodsfield
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Citizens National Bank of Woodsfield · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 1 | $143K | $143K | 100.0% |
Geographic Distribution
SBA lending activity for The Citizens National Bank of Woodsfield by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 1 | $143K | 100.0% |
Why Choose The Citizens National Bank of Woodsfield?
Based on SBA 7(a) lending track record from 2009-2009
- ✓Proven Track Record: 1 SBA loans approved, totaling $143K in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 180 months
- ✓Loan Range: Loan sizes from $143K to $143K, with an average of $143K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 National Bank of Woodsfield SBA lending
What types of businesses does The Citizens National Bank of Woodsfield typically finance?
The Citizens National Bank of Woodsfield specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Citizens National Bank of Woodsfield's typical SBA loan terms?
The Citizens National Bank of Woodsfield's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 180 months (approximately 15 years). Loan sizes range from $143K to $143K, with an average loan size of $143K.
Do I need a business valuation for a The Citizens National Bank of Woodsfield SBA loan?
Yes, The Citizens National Bank of Woodsfield 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 National Bank of Woodsfield compare to other SBA lenders?
The Citizens National Bank of Woodsfield has originated 1 SBA loans totaling $143K since 2009. 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 National Bank of Woodsfield lend in?
The Citizens National Bank of Woodsfield provides SBA 7(a) financing with particularly strong presence in OH. 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.
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