Third Coast Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Third Coast Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 40 | $18.5M | $463K | 6.7% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 32 | $44.4M | $1.4M | 5.3% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $7.4M | $308K | 4.0% |
| 621210 | Offices of Dentists | 24 | $13.1M | $548K | 4.0% |
| 238330 | Flooring Contractors | 24 | $13.2M | $550K | 4.0% |
| 238990 | All Other Specialty Trade Contractors | 24 | $14.9M | $621K | 4.0% |
| 423830 | Industrial Machinery and Equipment Merchant Wholesalers | 24 | $53.1M | $2.2M | 4.0% |
| 447110 | Gasoline Stations with Convenience Stores | 24 | $71.5M | $3.0M | 4.0% |
| 541511 | Custom Computer Programming Services | 16 | $18.1M | $1.1M | 2.7% |
| 812112 | Beauty Salons | 16 | $3.1M | $193K | 2.7% |
Geographic Distribution
SBA lending activity for Third Coast Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 552 | $723.2M | 92.0% |
| Louisiana (LA) | 8 | $40.0M | 1.3% |
| Oklahoma (OK) | 8 | $12.3M | 1.3% |
| North Carolina (NC) | 8 | $3.5M | 1.3% |
| Minnesota (MN) | 8 | $3.0M | 1.3% |
| Virginia (VA) | 8 | $2.7M | 1.3% |
| Colorado (CO) | 8 | $1.8M | 1.3% |
Why Choose Third Coast Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 600 SBA loans approved, totaling $786.6M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Other Commercial and Industrial Machinery and Equipment Rental and Lea, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 6.48% with flexible term lengths averaging 194 months
- ✓Loan Range: Loan sizes from $150K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in TX, NC, 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 Third Coast Bank SBA lending
What types of businesses does Third Coast Bank typically finance?
Third Coast Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, other commercial and industrial machinery and equipment rental and lea, fitness and recreational sports centers, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Third Coast Bank's typical SBA loan terms?
Third Coast Bank's SBA 7(a) loans typically feature an average interest rate of 6.48% and average term length of 194 months (approximately 16 years). Loan sizes range from $150K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a Third Coast Bank SBA loan?
Yes, Third Coast 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 Third Coast Bank compare to other SBA lenders?
Third Coast Bank has originated 600 SBA loans totaling $786.6M 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 Third Coast Bank lend in?
Third Coast Bank provides SBA 7(a) financing with particularly strong presence in TX, NC, OK, MN, LA. 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.