The Poca Valley Bank, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Poca Valley Bank, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 4 | $360K | $90K | 10.5% |
| 624120 | Services for the Elderly and Persons with Disabilities | 1 | $85K | $85K | 2.6% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $5K | $5K | 2.6% |
| 331210 | Iron and Steel Pipe and Tube Manufacturing from Purchased Steel | 1 | $400K | $400K | 2.6% |
| 713950 | Bowling Centers | 1 | $320K | $320K | 2.6% |
| 327215 | Glass Product Manufacturing Made of Purchased Glass | 1 | $65K | $65K | 2.6% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $95K | $95K | 2.6% |
| 238910 | Site Preparation Contractors | 1 | $400K | $400K | 2.6% |
| 113310 | Logging | 1 | $90K | $90K | 2.6% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $365K | $365K | 2.6% |
Geographic Distribution
SBA lending activity for The Poca Valley Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 38 | $5.7M | 100.0% |
Why Choose The Poca Valley Bank, Inc.?
Based on SBA 7(a) lending track record from 1991-2013
- ✓Proven Track Record: 38 SBA loans approved, totaling $5.7M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Services for the Elderly and Persons with Disabilities, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 6.08% with flexible term lengths averaging 85 months
- ✓Loan Range: Loan sizes from $5K to $725K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WV
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 Poca Valley Bank, Inc. SBA lending
What types of businesses does The Poca Valley Bank, Inc. typically finance?
The Poca Valley Bank, Inc. specializes in SBA 7(a) lending to specific industries including general automotive repair, services for the elderly and persons with disabilities, all other professional, scientific, and technical services, iron and steel pipe and tube manufacturing from purchased steel. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Poca Valley Bank, Inc.'s typical SBA loan terms?
The Poca Valley Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 6.08% and average term length of 85 months (approximately 7 years). Loan sizes range from $5K to $725K, with an average loan size of $150K.
Do I need a business valuation for a The Poca Valley Bank, Inc. SBA loan?
Yes, The Poca Valley Bank, Inc. 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 Poca Valley Bank, Inc. compare to other SBA lenders?
The Poca Valley Bank, Inc. has originated 38 SBA loans totaling $5.7M since 1991. 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 Poca Valley Bank, Inc. lend in?
The Poca Valley Bank, Inc. provides SBA 7(a) financing with particularly strong presence in WV. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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