Troy Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Troy Bank & Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 6 | $1.9M | $324K | 7.5% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 4 | $581K | $145K | 5.0% |
| 333111 | Farm Machinery and Equipment Manufacturing | 3 | $149K | $50K | 3.8% |
| 488410 | Motor Vehicle Towing | 3 | $139K | $46K | 3.8% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 2 | $174K | $87K | 2.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $820K | $410K | 2.5% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $1.7M | $866K | 2.5% |
| 485510 | Charter Bus Industry | 2 | $283K | $142K | 2.5% |
| 722513 | Limited-Service Restaurants | 2 | $970K | $485K | 2.5% |
| 336211 | Motor Vehicle Body Manufacturing | 2 | $345K | $173K | 2.5% |
Geographic Distribution
SBA lending activity for Troy Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 79 | $17.3M | 98.8% |
| Florida (FL) | 1 | $1.6M | 1.3% |
Why Choose Troy Bank & Trust Company?
Based on SBA 7(a) lending track record from 1993-2024
- ✓Proven Track Record: 80 SBA loans approved, totaling $19.0M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, General Freight Trucking, Long-Distance, Truckload, Farm Machinery and Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 6.96% with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $13K to $2.6M, with an average of $237K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, 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 Troy Bank & Trust Company SBA lending
What types of businesses does Troy Bank & Trust Company typically finance?
Troy Bank & Trust Company specializes in SBA 7(a) lending to specific industries including broilers and other meat type chicken production, general freight trucking, long-distance, truckload, farm machinery and equipment manufacturing, motor vehicle towing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Troy Bank & Trust Company's typical SBA loan terms?
Troy Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.96% and average term length of 91 months (approximately 8 years). Loan sizes range from $13K to $2.6M, with an average loan size of $237K.
Do I need a business valuation for a Troy Bank & Trust Company SBA loan?
Yes, Troy Bank & Trust Company 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 Troy Bank & Trust Company compare to other SBA lenders?
Troy Bank & Trust Company has originated 80 SBA loans totaling $19.0M since 1993. 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 Troy Bank & Trust Company lend in?
Troy Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in AL, 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?
Certified valuations are often required for SBA loans over $250,000.
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