The Dart Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by The Dart Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $12.3M | $511K | 9.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $8.0M | $499K | 6.5% |
| 623312 | Homes for the Elderly | 16 | $39.4M | $2.5M | 6.5% |
| 811111 | General Automotive Repair | 16 | $9.9M | $619K | 6.5% |
| 621420 | Outpatient Mental Health and Substance Abuse Centers | 16 | $10.0M | $623K | 6.5% |
| 311812 | Commercial Bakeries | 8 | $968K | $121K | 3.2% |
| 812111 | Barber Shops | 8 | $1.2M | $150K | 3.2% |
| 722320 | Caterers | 8 | $3.9M | $485K | 3.2% |
| 238160 | Roofing Contractors | 8 | $24.6M | $3.1M | 3.2% |
| 722513 | Limited-Service Restaurants | 8 | $4.0M | $500K | 3.2% |
Geographic Distribution
SBA lending activity for The Dart Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 248 | $236.7M | 100.0% |
Why Choose The Dart Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 248 SBA loans approved, totaling $236.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Snack and Nonalcoholic Beverage Bars, Homes for the Elderly
- ✓Competitive Terms: Average interest rate of 6.96% with flexible term lengths averaging 184 months
- ✓Loan Range: Loan sizes from $121K to $4.4M, with an average of $955K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Dart Bank SBA lending
What types of businesses does The Dart Bank typically finance?
The Dart Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, snack and nonalcoholic beverage bars, homes for the elderly, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Dart Bank's typical SBA loan terms?
The Dart Bank's SBA 7(a) loans typically feature an average interest rate of 6.96% and average term length of 184 months (approximately 15 years). Loan sizes range from $121K to $4.4M, with an average loan size of $955K.
Do I need a business valuation for a The Dart Bank SBA loan?
Yes, The Dart 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 Dart Bank compare to other SBA lenders?
The Dart Bank has originated 248 SBA loans totaling $236.7M 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 Dart Bank lend in?
The Dart Bank provides SBA 7(a) financing with particularly strong presence in MI. 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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