Troy Bank & Trust Company
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Troy Bank & Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $4.6M | $580K | 25.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $7.6M | $955K | 25.0% |
| 512110 | Motion Picture and Video Production | 8 | $2.9M | $360K | 25.0% |
| 459110 | Other | 8 | $20.5M | $2.6M | 25.0% |
Geographic Distribution
SBA lending activity for Troy Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 32 | $35.6M | 100.0% |
Why Choose Troy Bank & Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $35.6M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, All Other Specialty Trade Contractors, Motion Picture and Video Production
- ✓Competitive Terms: Average interest rate of 8.85% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $360K to $2.6M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AL
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 limited-service restaurants, all other specialty trade contractors, motion picture and video production, other. 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 8.85% and average term length of 107 months (approximately 9 years). Loan sizes range from $360K to $2.6M, with an average loan size of $1.1M.
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 32 SBA loans totaling $35.6M since 2020. 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. 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.
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