The Eastern Colorado Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Eastern Colorado Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 493130 | Farm Product Warehousing and Storage | 4 | $1.6M | $397K | 33.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $37K | $18K | 16.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $400K | $400K | 8.3% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $98K | $98K | 8.3% |
Geographic Distribution
SBA lending activity for The Eastern Colorado Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 7 | $1.7M | 58.3% |
| Colorado (CO) | 5 | $1.6M | 41.7% |
Why Choose The Eastern Colorado Bank?
Based on SBA 7(a) lending track record from 1991-2002
- ✓Proven Track Record: 12 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Farm Product Warehousing and Storage, Automotive Body, Paint, and Interior Repair and Maintenance, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $16K to $750K, with an average of $274K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KS, CO
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 Eastern Colorado Bank SBA lending
What types of businesses does The Eastern Colorado Bank typically finance?
The Eastern Colorado Bank specializes in SBA 7(a) lending to specific industries including farm product warehousing and storage, automotive body, paint, and interior repair and maintenance, hotels (except casino hotels) and motels, soil preparation, planting, and cultivating. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Eastern Colorado Bank's typical SBA loan terms?
The Eastern Colorado Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 130 months (approximately 11 years). Loan sizes range from $16K to $750K, with an average loan size of $274K.
Do I need a business valuation for a The Eastern Colorado Bank SBA loan?
Yes, The Eastern Colorado 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 Eastern Colorado Bank compare to other SBA lenders?
The Eastern Colorado Bank has originated 12 SBA loans totaling $3.3M since 1991. 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 Eastern Colorado Bank lend in?
The Eastern Colorado Bank provides SBA 7(a) financing with particularly strong presence in KS, CO. 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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