TomatoBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TomatoBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424480 | Fresh Fruit and Vegetable Merchant Wholesalers | 1 | $1.7M | $1.7M | 8.3% |
| 423430 | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | 1 | $150K | $150K | 8.3% |
| 541211 | Offices of Certified Public Accountants | 1 | $150K | $150K | 8.3% |
| 812112 | Beauty Salons | 1 | $80K | $80K | 8.3% |
| 624410 | Child Care Services | 1 | $225K | $225K | 8.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $300K | $300K | 8.3% |
| 445291 | Baked Goods Retailers | 1 | $210K | $210K | 8.3% |
| 339116 | Dental Laboratories | 1 | $300K | $300K | 8.3% |
| 541310 | Architectural Services | 1 | $700K | $700K | 8.3% |
Geographic Distribution
SBA lending activity for TomatoBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 12 | $4.7M | 100.0% |
Why Choose TomatoBank?
Based on SBA 7(a) lending track record from 2005-2006
- ✓Proven Track Record: 12 SBA loans approved, totaling $4.7M in financing
- ✓Industry Expertise: Specialized focus on Fresh Fruit and Vegetable Merchant Wholesalers, Computer and Computer Peripheral Equipment and Software Merchant Wholesalers, Offices of Certified Public Accountants
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $80K to $1.7M, with an average of $392K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CA
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 TomatoBank SBA lending
What types of businesses does TomatoBank typically finance?
TomatoBank specializes in SBA 7(a) lending to specific industries including fresh fruit and vegetable merchant wholesalers, computer and computer peripheral equipment and software merchant wholesalers, offices of certified public accountants, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TomatoBank's typical SBA loan terms?
TomatoBank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 122 months (approximately 10 years). Loan sizes range from $80K to $1.7M, with an average loan size of $392K.
Do I need a business valuation for a TomatoBank SBA loan?
Yes, TomatoBank 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 TomatoBank compare to other SBA lenders?
TomatoBank has originated 12 SBA loans totaling $4.7M since 2005. 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 TomatoBank lend in?
TomatoBank provides SBA 7(a) financing with particularly strong presence in CA. 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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