Unity Bank of Mississippi
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Unity Bank of Mississippi · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $35K | $35K | 14.3% |
Geographic Distribution
SBA lending activity for Unity Bank of Mississippi by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 7 | $918K | 100.0% |
Why Choose Unity Bank of Mississippi?
Based on SBA 7(a) lending track record from 1994-2015
- ✓Proven Track Record: 7 SBA loans approved, totaling $918K in financing
- ✓Industry Expertise: Specialized focus on Child Care Services
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 161 months
- ✓Loan Range: Loan sizes from $35K to $218K, with an average of $131K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Unity Bank of Mississippi SBA lending
What types of businesses does Unity Bank of Mississippi typically finance?
Unity Bank of Mississippi specializes in SBA 7(a) lending to specific industries including child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Unity Bank of Mississippi's typical SBA loan terms?
Unity Bank of Mississippi's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 161 months (approximately 13 years). Loan sizes range from $35K to $218K, with an average loan size of $131K.
Do I need a business valuation for a Unity Bank of Mississippi SBA loan?
Yes, Unity Bank of Mississippi 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 Unity Bank of Mississippi compare to other SBA lenders?
Unity Bank of Mississippi has originated 7 SBA loans totaling $918K since 1994. 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 Unity Bank of Mississippi lend in?
Unity Bank of Mississippi provides SBA 7(a) financing with particularly strong presence in MS. 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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