The Old Point National Bank of Phoebus
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Old Point National Bank of Phoebus · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 532111 | Passenger Car Rental | 2 | $200K | $100K | 7.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $35K | $35K | 3.8% |
| 624410 | Child Care Services | 1 | $100K | $100K | 3.8% |
| 488390 | Other Support Activities for Water Transportation | 1 | $104K | $104K | 3.8% |
| 811191 | Automotive Oil Change and Lubrication Shops | 1 | $240K | $240K | 3.8% |
| 541430 | Graphic Design Services | 1 | $85K | $85K | 3.8% |
| 621210 | Offices of Dentists | 1 | $100K | $100K | 3.8% |
Geographic Distribution
SBA lending activity for The Old Point National Bank of Phoebus by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 26 | $2.5M | 100.0% |
Why Choose The Old Point National Bank of Phoebus?
Based on SBA 7(a) lending track record from 1995-2004
- ✓Proven Track Record: 26 SBA loans approved, totaling $2.5M in financing
- ✓Industry Expertise: Specialized focus on Passenger Car Rental, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $25K to $250K, with an average of $94K
- ✓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 Old Point National Bank of Phoebus SBA lending
What types of businesses does The Old Point National Bank of Phoebus typically finance?
The Old Point National Bank of Phoebus specializes in SBA 7(a) lending to specific industries including passenger car rental, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, child care services, other support activities for water transportation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Old Point National Bank of Phoebus's typical SBA loan terms?
The Old Point National Bank of Phoebus's SBA 7(a) loans typically feature an average interest rate of — and average term length of 89 months (approximately 7 years). Loan sizes range from $25K to $250K, with an average loan size of $94K.
Do I need a business valuation for a The Old Point National Bank of Phoebus SBA loan?
Yes, The Old Point National Bank of Phoebus 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 Point National Bank of Phoebus compare to other SBA lenders?
The Old Point National Bank of Phoebus has originated 26 SBA loans totaling $2.5M 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 Old Point National Bank of Phoebus lend in?
The Old Point National Bank of Phoebus 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.
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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Certified valuations are often required for SBA loans over $250,000.
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