The Genoa Banking Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Genoa Banking Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $3.2M | $400K | 25.0% |
| 456110 | Other | 8 | $400K | $50K | 25.0% |
| 541310 | Architectural Services | 8 | $4.0M | $500K | 25.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $5.4M | $672K | 25.0% |
Geographic Distribution
SBA lending activity for The Genoa Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 32 | $13.0M | 100.0% |
Why Choose The Genoa Banking Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $13.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other, Architectural Services
- ✓Competitive Terms: Average interest rate of 8.63% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $50K to $672K, with an average of $406K
- ✓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 full-service restaurants, other, architectural services, hotels (except casino hotels) and motels. 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 8.63% and average term length of 132 months (approximately 11 years). Loan sizes range from $50K to $672K, with an average loan size of $406K.
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 32 SBA loans totaling $13.0M 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 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
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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.