The Old Fort Banking Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Old Fort Banking Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $375K | $375K | 11.1% |
| 621210 | Offices of Dentists | 1 | $455K | $455K | 11.1% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $300K | $300K | 11.1% |
| 561510 | Travel Agencies | 1 | $475K | $475K | 11.1% |
| 621310 | Offices of Chiropractors | 1 | $88K | $88K | 11.1% |
Geographic Distribution
SBA lending activity for The Old Fort Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 9 | $4.9M | 100.0% |
Why Choose The Old Fort Banking Company?
Based on SBA 7(a) lending track record from 2003-2013
- ✓Proven Track Record: 9 SBA loans approved, totaling $4.9M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors and Other Wiring Installation Contractors, Offices of Dentists, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $84K to $1.6M, with an average of $544K
- ✓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 Old Fort Banking Company SBA lending
What types of businesses does The Old Fort Banking Company typically finance?
The Old Fort Banking Company specializes in SBA 7(a) lending to specific industries including electrical contractors and other wiring installation contractors, offices of dentists, lessors of nonresidential buildings (except miniwarehouses), travel agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Old Fort Banking Company's typical SBA loan terms?
The Old Fort Banking Company's SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 141 months (approximately 12 years). Loan sizes range from $84K to $1.6M, with an average loan size of $544K.
Do I need a business valuation for a The Old Fort Banking Company SBA loan?
Yes, The Old Fort 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 Old Fort Banking Company compare to other SBA lenders?
The Old Fort Banking Company has originated 9 SBA loans totaling $4.9M since 2003. 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 Old Fort Banking Company lend in?
The Old Fort 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.
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