The Idabel National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Idabel National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 2 | $3.5M | $1.8M | 11.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $152K | $152K | 5.9% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 1 | $900K | $900K | 5.9% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $247K | $247K | 5.9% |
| 812210 | Funeral Homes and Funeral Services | 1 | $200K | $200K | 5.9% |
| 811111 | General Automotive Repair | 1 | $50K | $50K | 5.9% |
| 113310 | Logging | 1 | $605K | $605K | 5.9% |
Geographic Distribution
SBA lending activity for The Idabel National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 17 | $6.9M | 100.0% |
Why Choose The Idabel National Bank?
Based on SBA 7(a) lending track record from 1993-2014
- ✓Proven Track Record: 17 SBA loans approved, totaling $6.9M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Offices of Physicians (except Mental Health Specialists), All Other Miscellaneous Wood Product Manufacturing
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 147 months
- ✓Loan Range: Loan sizes from $35K to $2.2M, with an average of $405K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 Idabel National Bank SBA lending
What types of businesses does The Idabel National Bank typically finance?
The Idabel National Bank specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, offices of physicians (except mental health specialists), all other miscellaneous wood product manufacturing, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Idabel National Bank's typical SBA loan terms?
The Idabel National Bank's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 147 months (approximately 12 years). Loan sizes range from $35K to $2.2M, with an average loan size of $405K.
Do I need a business valuation for a The Idabel National Bank SBA loan?
Yes, The Idabel National 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 Idabel National Bank compare to other SBA lenders?
The Idabel National Bank has originated 17 SBA loans totaling $6.9M since 1993. 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 Idabel National Bank lend in?
The Idabel National Bank provides SBA 7(a) financing with particularly strong presence in OK. 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.
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