Time Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Time Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562910 | Remediation Services | 24 | $12.8M | $533K | 7.7% |
| 541613 | Marketing Consulting Services | 24 | $6.4M | $267K | 7.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 16 | $6.2M | $391K | 5.1% |
| 339920 | Sporting and Athletic Goods Manufacturing | 16 | $1.6M | $103K | 5.1% |
| 541690 | Other Scientific and Technical Consulting Services | 16 | $1.7M | $108K | 5.1% |
| 562112 | Hazardous Waste Collection | 16 | $14.8M | $925K | 5.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 16 | $8.0M | $500K | 5.1% |
| 812112 | Beauty Salons | 16 | $2.2M | $136K | 5.1% |
| 425120 | Wholesale Trade Agents and Brokers | 16 | $10.8M | $675K | 5.1% |
| 541620 | Environmental Consulting Services | 8 | $1.2M | $150K | 2.6% |
Geographic Distribution
SBA lending activity for Time Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 232 | $93.3M | 74.4% |
| California (CA) | 32 | $16.8M | 10.3% |
| Texas (TX) | 16 | $9.6M | 5.1% |
| Florida (FL) | 8 | $8.0M | 2.6% |
| New Jersey (NJ) | 8 | $2.0M | 2.6% |
| New Mexico (NM) | 8 | $923K | 2.6% |
| Virginia (VA) | 8 | $800K | 2.6% |
Why Choose Time Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 312 SBA loans approved, totaling $131.4M in financing
- ✓Industry Expertise: Specialized focus on Remediation Services, Marketing Consulting Services, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 7.46% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $50K to $2.2M, with an average of $421K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in IL, CA, TX
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 Time Bank SBA lending
What types of businesses does Time Bank typically finance?
Time Bank specializes in SBA 7(a) lending to specific industries including remediation services, marketing consulting services, all other professional, scientific, and technical services, sporting and athletic goods manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Time Bank's typical SBA loan terms?
Time Bank's SBA 7(a) loans typically feature an average interest rate of 7.46% and average term length of 125 months (approximately 10 years). Loan sizes range from $50K to $2.2M, with an average loan size of $421K.
Do I need a business valuation for a Time Bank SBA loan?
Yes, Time 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 Time Bank compare to other SBA lenders?
Time Bank has originated 312 SBA loans totaling $131.4M 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 Time Bank lend in?
Time Bank provides SBA 7(a) financing with particularly strong presence in IL, CA, TX, VA, FL. 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?
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