Tri-County Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Tri-County Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $700K | $350K | 8.3% |
| 713950 | Bowling Centers | 2 | $716K | $358K | 8.3% |
| 424510 | Grain and Field Bean Merchant Wholesalers | 2 | $3.5M | $1.8M | 8.3% |
| 811191 | Automotive Oil Change and Lubrication Shops | 1 | $300K | $300K | 4.2% |
| 621310 | Offices of Chiropractors | 1 | $395K | $395K | 4.2% |
| 531390 | Other Activities Related to Real Estate | 1 | $235K | $235K | 4.2% |
| 811111 | General Automotive Repair | 1 | $150K | $150K | 4.2% |
| 332721 | Precision Turned Product Manufacturing | 1 | $100K | $100K | 4.2% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 1 | $945K | $945K | 4.2% |
Geographic Distribution
SBA lending activity for Tri-County Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 24 | $13.4M | 100.0% |
Why Choose Tri-County Bank?
Based on SBA 7(a) lending track record from 1995-2019
- ✓Proven Track Record: 24 SBA loans approved, totaling $13.4M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Bowling Centers, Grain and Field Bean Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $50K to $2.0M, with an average of $557K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Tri-County Bank SBA lending
What types of businesses does Tri-County Bank typically finance?
Tri-County Bank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), bowling centers, grain and field bean merchant wholesalers, automotive oil change and lubrication shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Tri-County Bank's typical SBA loan terms?
Tri-County Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 140 months (approximately 12 years). Loan sizes range from $50K to $2.0M, with an average loan size of $557K.
Do I need a business valuation for a Tri-County Bank SBA loan?
Yes, Tri-County 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 Tri-County Bank compare to other SBA lenders?
Tri-County Bank has originated 24 SBA loans totaling $13.4M since 1995. 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 Tri-County Bank lend in?
Tri-County Bank provides SBA 7(a) financing with particularly strong presence in MI. 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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