The National Bank of Blacksburg
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by The National Bank of Blacksburg
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 8 | $200K | $25K | 14.3% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $1.1M | $140K | 14.3% |
| 722511 | Full-Service Restaurants | 8 | $4.0M | $495K | 14.3% |
| 561730 | Landscaping Services | 8 | $160K | $20K | 14.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $800K | $100K | 14.3% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 8 | $200K | $25K | 14.3% |
| 458110 | Other | 8 | $600K | $75K | 14.3% |
Geographic Distribution
SBA lending activity for The National Bank of Blacksburg by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 56 | $7.0M | 100.0% |
Why Choose The National Bank of Blacksburg?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $7.0M in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, All Other Miscellaneous Store Retailers (except Tobacco Stores), Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.18% with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $20K to $495K, with an average of $126K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VA
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 National Bank of Blacksburg SBA lending
What types of businesses does The National Bank of Blacksburg typically finance?
The National Bank of Blacksburg specializes in SBA 7(a) lending to specific industries including residential remodelers, all other miscellaneous store retailers (except tobacco stores), full-service restaurants, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The National Bank of Blacksburg's typical SBA loan terms?
The National Bank of Blacksburg's SBA 7(a) loans typically feature an average interest rate of 6.18% and average term length of 99 months (approximately 8 years). Loan sizes range from $20K to $495K, with an average loan size of $126K.
Do I need a business valuation for a The National Bank of Blacksburg SBA loan?
Yes, The National Bank of Blacksburg 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 National Bank of Blacksburg compare to other SBA lenders?
The National Bank of Blacksburg has originated 56 SBA loans totaling $7.0M 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 National Bank of Blacksburg lend in?
The National Bank of Blacksburg provides SBA 7(a) financing with particularly strong presence in VA. 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.
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