The Exchange Bank of South Carolina, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Exchange Bank of South Carolina, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $67K | $67K | 16.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $100K | $100K | 16.7% |
Geographic Distribution
SBA lending activity for The Exchange Bank of South Carolina, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 6 | $1.1M | 100.0% |
Why Choose The Exchange Bank of South Carolina, Inc.?
Based on SBA 7(a) lending track record from 1994-2001
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.1M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 155 months
- ✓Loan Range: Loan sizes from $67K to $375K, with an average of $179K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SC
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 Exchange Bank of South Carolina, Inc. SBA lending
What types of businesses does The Exchange Bank of South Carolina, Inc. typically finance?
The Exchange Bank of South Carolina, Inc. specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Exchange Bank of South Carolina, Inc.'s typical SBA loan terms?
The Exchange Bank of South Carolina, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 155 months (approximately 13 years). Loan sizes range from $67K to $375K, with an average loan size of $179K.
Do I need a business valuation for a The Exchange Bank of South Carolina, Inc. SBA loan?
Yes, The Exchange Bank of South Carolina, Inc. 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 Exchange Bank of South Carolina, Inc. compare to other SBA lenders?
The Exchange Bank of South Carolina, Inc. has originated 6 SBA loans totaling $1.1M since 1994. 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 Exchange Bank of South Carolina, Inc. lend in?
The Exchange Bank of South Carolina, Inc. provides SBA 7(a) financing with particularly strong presence in SC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
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