The Fayette County National Bank of Fayetteville
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Fayette County National Bank of Fayetteville · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561510 | Travel Agencies | 2 | $35K | $18K | 66.7% |
Geographic Distribution
SBA lending activity for The Fayette County National Bank of Fayetteville by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 3 | $425K | 100.0% |
Why Choose The Fayette County National Bank of Fayetteville?
Based on SBA 7(a) lending track record from 1998-2000
- ✓Proven Track Record: 3 SBA loans approved, totaling $425K in financing
- ✓Industry Expertise: Specialized focus on Travel Agencies
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 66 months
- ✓Loan Range: Loan sizes from $15K to $390K, with an average of $142K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WV
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 Fayette County National Bank of Fayetteville SBA lending
What types of businesses does The Fayette County National Bank of Fayetteville typically finance?
The Fayette County National Bank of Fayetteville specializes in SBA 7(a) lending to specific industries including travel agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Fayette County National Bank of Fayetteville's typical SBA loan terms?
The Fayette County National Bank of Fayetteville's SBA 7(a) loans typically feature an average interest rate of — and average term length of 66 months (approximately 6 years). Loan sizes range from $15K to $390K, with an average loan size of $142K.
Do I need a business valuation for a The Fayette County National Bank of Fayetteville SBA loan?
Yes, The Fayette County National Bank of Fayetteville 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 Fayette County National Bank of Fayetteville compare to other SBA lenders?
The Fayette County National Bank of Fayetteville has originated 3 SBA loans totaling $425K since 1998. 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 Fayette County National Bank of Fayetteville lend in?
The Fayette County National Bank of Fayetteville provides SBA 7(a) financing with particularly strong presence in WV. 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.
Get your certified valuation from Fair Market Value.