Thread Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Thread Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 14 | $25.4M | $1.8M | 16.7% |
| 722513 | Limited-Service Restaurants | 6 | $1.4M | $232K | 7.1% |
| 722511 | Full-Service Restaurants | 5 | $2.4M | $482K | 6.0% |
| 623312 | Assisted Living Facilities for the Elderly | 5 | $3.9M | $790K | 6.0% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $1.1M | $284K | 4.8% |
| 812199 | Other Personal Care Services | 2 | $346K | $173K | 2.4% |
| 423810 | Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers | 2 | $5.0M | $2.5M | 2.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 2 | $691K | $346K | 2.4% |
| 722330 | Mobile Food Services | 2 | $330K | $165K | 2.4% |
| 238990 | All Other Specialty Trade Contractors | 1 | $250K | $250K | 1.2% |
Geographic Distribution
SBA lending activity for Thread Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 18 | $19.4M | 21.4% |
| Tennessee (TN) | 20 | $17.1M | 23.8% |
| South Carolina (SC) | 5 | $8.9M | 6.0% |
| Florida (FL) | 11 | $7.8M | 13.1% |
| North Carolina (NC) | 20 | $7.1M | 23.8% |
| Maryland (MD) | 1 | $2.9M | 1.2% |
| Alabama (AL) | 2 | $1.9M | 2.4% |
| Illinois (IL) | 1 | $1.7M | 1.2% |
| Louisiana (LA) | 2 | $1.2M | 2.4% |
| Kentucky (KY) | 1 | $749K | 1.2% |
| Virginia (VA) | 1 | $351K | 1.2% |
| Texas (TX) | 1 | $250K | 1.2% |
| Indiana (IN) | 1 | $241K | 1.2% |
Why Choose Thread Bank?
Based on SBA 7(a) lending track record from 1991-2016
- ✓Proven Track Record: 84 SBA loans approved, totaling $69.7M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Limited-Service Restaurants, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.82% with flexible term lengths averaging 219 months
- ✓Loan Range: Loan sizes from $16K to $4.0M, with an average of $830K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in NC, TN, GA
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 Thread Bank SBA lending
What types of businesses does Thread Bank typically finance?
Thread Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, limited-service restaurants, full-service restaurants, assisted living facilities for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Thread Bank's typical SBA loan terms?
Thread Bank's SBA 7(a) loans typically feature an average interest rate of 5.82% and average term length of 219 months (approximately 18 years). Loan sizes range from $16K to $4.0M, with an average loan size of $830K.
Do I need a business valuation for a Thread Bank SBA loan?
Yes, Thread 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 Thread Bank compare to other SBA lenders?
Thread Bank has originated 84 SBA loans totaling $69.7M 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 Thread Bank lend in?
Thread Bank provides SBA 7(a) financing with particularly strong presence in NC, TN, GA, FL, SC. 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?
Certified valuations are often required for SBA loans over $250,000.
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