The Genoa Banking Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Genoa Banking Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 6 | $473K | $79K | 7.6% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 4 | $368K | $92K | 5.1% |
| 488999 | All Other Support Activities for Transportation | 3 | $318K | $106K | 3.8% |
| 561730 | Landscaping Services | 3 | $107K | $36K | 3.8% |
| 722513 | Limited-Service Restaurants | 3 | $239K | $80K | 3.8% |
| 812112 | Beauty Salons | 2 | $56K | $28K | 2.5% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 2 | $360K | $180K | 2.5% |
| 624410 | Child Care Services | 2 | $200K | $100K | 2.5% |
| 541211 | Offices of Certified Public Accountants | 2 | $147K | $74K | 2.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $370K | $185K | 2.5% |
Geographic Distribution
SBA lending activity for The Genoa Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 79 | $11.8M | 100.0% |
Why Choose The Genoa Banking Company?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 79 SBA loans approved, totaling $11.8M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Lessors of Nonresidential Buildings (except Miniwarehouses), All Other Support Activities for Transportation
- ✓Competitive Terms: Average interest rate of 6.43% with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $8K to $1.3M, with an average of $149K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OH
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 Genoa Banking Company SBA lending
What types of businesses does The Genoa Banking Company typically finance?
The Genoa Banking Company specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), lessors of nonresidential buildings (except miniwarehouses), all other support activities for transportation, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Genoa Banking Company's typical SBA loan terms?
The Genoa Banking Company's SBA 7(a) loans typically feature an average interest rate of 6.43% and average term length of 99 months (approximately 8 years). Loan sizes range from $8K to $1.3M, with an average loan size of $149K.
Do I need a business valuation for a The Genoa Banking Company SBA loan?
Yes, The Genoa Banking Company 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 Genoa Banking Company compare to other SBA lenders?
The Genoa Banking Company has originated 79 SBA loans totaling $11.8M 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 Genoa Banking Company lend in?
The Genoa Banking Company provides SBA 7(a) financing with particularly strong presence in OH. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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