Transact Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Transact Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811191 | Automotive Oil Change and Lubrication Shops | 4 | $6.0M | $1.5M | 23.5% |
| 722513 | Limited-Service Restaurants | 3 | $4.9M | $1.6M | 17.6% |
| 624410 | Child Care Services | 2 | $6.5M | $3.3M | 11.8% |
| 423140 | Motor Vehicle Parts (Used) Merchant Wholesalers | 1 | $1.3M | $1.3M | 5.9% |
| 541940 | Veterinary Services | 1 | $800K | $800K | 5.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $348K | $348K | 5.9% |
| 611710 | Educational Support Services | 1 | $308K | $308K | 5.9% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 1 | $4.7M | $4.7M | 5.9% |
| 722511 | Full-Service Restaurants | 1 | $720K | $720K | 5.9% |
Geographic Distribution
SBA lending activity for Transact Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 10 | $13.3M | 58.8% |
| North Carolina (NC) | 2 | $3.7M | 11.8% |
| Tennessee (TN) | 1 | $3.2M | 5.9% |
| Arizona (AZ) | 1 | $2.0M | 5.9% |
| Washington (WA) | 1 | $1.4M | 5.9% |
| Nevada (NV) | 1 | $1.3M | 5.9% |
| Illinois (IL) | 1 | $1.1M | 5.9% |
Why Choose Transact Bank, National Association?
Based on SBA 7(a) lending track record from 2014-2016
- ✓Proven Track Record: 17 SBA loans approved, totaling $26.0M in financing
- ✓Industry Expertise: Specialized focus on Automotive Oil Change and Lubrication Shops, Limited-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 185 months
- ✓Loan Range: Loan sizes from $100K to $4.7M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in CO, NC, TN
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 Transact Bank, National Association SBA lending
What types of businesses does Transact Bank, National Association typically finance?
Transact Bank, National Association specializes in SBA 7(a) lending to specific industries including automotive oil change and lubrication shops, limited-service restaurants, child care services, motor vehicle parts (used) merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Transact Bank, National Association's typical SBA loan terms?
Transact Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 185 months (approximately 15 years). Loan sizes range from $100K to $4.7M, with an average loan size of $1.5M.
Do I need a business valuation for a Transact Bank, National Association SBA loan?
Yes, Transact Bank, National Association 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 Transact Bank, National Association compare to other SBA lenders?
Transact Bank, National Association has originated 17 SBA loans totaling $26.0M since 2014. 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 Transact Bank, National Association lend in?
Transact Bank, National Association provides SBA 7(a) financing with particularly strong presence in CO, NC, TN, IL, AZ. 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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