TowneBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TowneBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 87 | $59.7M | $686K | 5.9% |
| 722513 | Limited-Service Restaurants | 68 | $34.1M | $501K | 4.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 55 | $29.0M | $527K | 3.7% |
| 312120 | Breweries | 55 | $41.7M | $757K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $22.1M | $553K | 2.7% |
| 812910 | Pet Care (except Veterinary) Services | 29 | $31.1M | $1.1M | 2.0% |
| 624410 | Child Care Services | 28 | $23.3M | $834K | 1.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 25 | $21.2M | $848K | 1.7% |
| 561730 | Landscaping Services | 25 | $15.3M | $610K | 1.7% |
| 811111 | General Automotive Repair | 25 | $21.8M | $872K | 1.7% |
Geographic Distribution
SBA lending activity for TowneBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 340 | $290.4M | 23.0% |
| Florida (FL) | 191 | $151.2M | 12.9% |
| Virginia (VA) | 315 | $131.0M | 21.3% |
| Texas (TX) | 107 | $78.2M | 7.2% |
| Georgia (GA) | 43 | $45.0M | 2.9% |
| South Carolina (SC) | 42 | $39.5M | 2.8% |
| California (CA) | 54 | $35.2M | 3.7% |
| New Jersey (NJ) | 42 | $33.7M | 2.8% |
| New York (NY) | 40 | $29.6M | 2.7% |
| Michigan (MI) | 25 | $22.5M | 1.7% |
| Illinois (IL) | 17 | $17.8M | 1.1% |
| Colorado (CO) | 21 | $17.5M | 1.4% |
| Pennsylvania (PA) | 21 | $16.8M | 1.4% |
| Tennessee (TN) | 17 | $16.5M | 1.1% |
| Arizona (AZ) | 26 | $15.2M | 1.8% |
| Maryland (MD) | 15 | $12.9M | 1.0% |
| Massachusetts (MA) | 20 | $11.7M | 1.4% |
| Kentucky (KY) | 12 | $11.1M | 0.8% |
| Ohio (OH) | 13 | $9.3M | 0.9% |
| Washington (WA) | 8 | $8.8M | 0.5% |
| Montana (MT) | 5 | $7.3M | 0.3% |
| Louisiana (LA) | 9 | $6.9M | 0.6% |
| Oregon (OR) | 8 | $6.0M | 0.5% |
| Indiana (IN) | 14 | $5.9M | 0.9% |
| New Mexico (NM) | 8 | $5.6M | 0.5% |
| Kansas (KS) | 5 | $4.8M | 0.3% |
| Oklahoma (OK) | 3 | $3.7M | 0.2% |
| Wisconsin (WI) | 5 | $3.5M | 0.3% |
| Nevada (NV) | 6 | $3.4M | 0.4% |
| Missouri (MO) | 4 | $3.0M | 0.3% |
| Minnesota (MN) | 1 | $3.0M | 0.1% |
| Utah (UT) | 4 | $2.9M | 0.3% |
| Connecticut (CT) | 5 | $2.6M | 0.3% |
| Delaware (DE) | 3 | $2.6M | 0.2% |
| Iowa (IA) | 4 | $2.5M | 0.3% |
| New Hampshire (NH) | 3 | $2.4M | 0.2% |
| Rhode Island (RI) | 4 | $2.0M | 0.3% |
| Mississippi (MS) | 2 | $2.0M | 0.1% |
| Alabama (AL) | 3 | $1.6M | 0.2% |
| Hawaii (HI) | 2 | $1.6M | 0.1% |
| Alaska (AK) | 1 | $1.4M | 0.1% |
| Arkansas (AR) | 3 | $1.3M | 0.2% |
| Idaho (ID) | 3 | $1.1M | 0.2% |
| Maine (ME) | 1 | $985K | 0.1% |
| South Dakota (SD) | 2 | $811K | 0.1% |
| District of Columbia (DC) | 1 | $720K | 0.1% |
| Vermont (VT) | 1 | $150K | 0.1% |
Why Choose TowneBank?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 1,479 SBA loans approved, totaling $1.07B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 7.95% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $726K
- ✓Nationwide Reach: Active lending in 47 states, with strong presence in NC, VA, FL
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 TowneBank SBA lending
What types of businesses does TowneBank typically finance?
TowneBank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, snack and nonalcoholic beverage bars, breweries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TowneBank's typical SBA loan terms?
TowneBank's SBA 7(a) loans typically feature an average interest rate of 7.95% and average term length of 142 months (approximately 12 years). Loan sizes range from $8K to $5.0M, with an average loan size of $726K.
Do I need a business valuation for a TowneBank SBA loan?
Yes, TowneBank 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 TowneBank compare to other SBA lenders?
TowneBank has originated 1,479 SBA loans totaling $1.07B since 1992. 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 TowneBank lend in?
TowneBank provides SBA 7(a) financing with particularly strong presence in NC, VA, FL, TX, 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.
Get your certified valuation from Fair Market Value.