The Clay City Banking Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Clay City Banking Co. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 488410 | Motor Vehicle Towing | 1 | $56K | $56K | 16.7% |
Geographic Distribution
SBA lending activity for The Clay City Banking Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 6 | $714K | 100.0% |
Why Choose The Clay City Banking Co.?
Based on SBA 7(a) lending track record from 1995-2013
- ✓Proven Track Record: 6 SBA loans approved, totaling $714K in financing
- ✓Industry Expertise: Specialized focus on Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of 5.00% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $31K to $433K, with an average of $119K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Clay City Banking Co. SBA lending
What types of businesses does The Clay City Banking Co. typically finance?
The Clay City Banking Co. specializes in SBA 7(a) lending to specific industries including motor vehicle towing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Clay City Banking Co.'s typical SBA loan terms?
The Clay City Banking Co.'s SBA 7(a) loans typically feature an average interest rate of 5.00% and average term length of 84 months (approximately 7 years). Loan sizes range from $31K to $433K, with an average loan size of $119K.
Do I need a business valuation for a The Clay City Banking Co. SBA loan?
Yes, The Clay City Banking Co. 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 Clay City Banking Co. compare to other SBA lenders?
The Clay City Banking Co. has originated 6 SBA loans totaling $714K since 1995. 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 Clay City Banking Co. lend in?
The Clay City Banking Co. provides SBA 7(a) financing with particularly strong presence in IL. 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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Certified valuations are often required for SBA loans over $250,000.
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