Uwharrie Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Uwharrie Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 9 | $2.6M | $290K | 7.0% |
| 238990 | All Other Specialty Trade Contractors | 6 | $784K | $131K | 4.7% |
| 238140 | Masonry Contractors | 6 | $370K | $62K | 4.7% |
| 561730 | Landscaping Services | 4 | $713K | $178K | 3.1% |
| 812199 | Other Personal Care Services | 3 | $858K | $286K | 2.3% |
| 326112 | Plastics Packaging Film and Sheet (including Laminated) Manufacturing | 3 | $410K | $137K | 2.3% |
| 624410 | Child Care Services | 3 | $208K | $69K | 2.3% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 3 | $131K | $44K | 2.3% |
| 312120 | Breweries | 3 | $2.0M | $658K | 2.3% |
| 238910 | Site Preparation Contractors | 3 | $189K | $63K | 2.3% |
Geographic Distribution
SBA lending activity for Uwharrie Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 117 | $22.0M | 91.4% |
| South Carolina (SC) | 2 | $2.0M | 1.6% |
| Georgia (GA) | 2 | $1.9M | 1.6% |
| Virginia (VA) | 2 | $1.2M | 1.6% |
| Florida (FL) | 1 | $788K | 0.8% |
| Texas (TX) | 1 | $274K | 0.8% |
| Alabama (AL) | 1 | $216K | 0.8% |
| California (CA) | 1 | $90K | 0.8% |
| Pennsylvania (PA) | 1 | $75K | 0.8% |
Why Choose Uwharrie Bank?
Based on SBA 7(a) lending track record from 1991-2022
- ✓Proven Track Record: 128 SBA loans approved, totaling $28.5M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, All Other Specialty Trade Contractors, Masonry Contractors
- ✓Competitive Terms: Average interest rate of 6.32% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $10K to $1.8M, with an average of $223K
- ✓Nationwide Reach: Active lending in 9 states, with strong presence in NC, SC, VA
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 Uwharrie Bank SBA lending
What types of businesses does Uwharrie Bank typically finance?
Uwharrie Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, all other specialty trade contractors, masonry contractors, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Uwharrie Bank's typical SBA loan terms?
Uwharrie Bank's SBA 7(a) loans typically feature an average interest rate of 6.32% and average term length of 86 months (approximately 7 years). Loan sizes range from $10K to $1.8M, with an average loan size of $223K.
Do I need a business valuation for a Uwharrie Bank SBA loan?
Yes, Uwharrie 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 Uwharrie Bank compare to other SBA lenders?
Uwharrie Bank has originated 128 SBA loans totaling $28.5M since 1991. 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 Uwharrie Bank lend in?
Uwharrie Bank provides SBA 7(a) financing with particularly strong presence in NC, SC, VA, GA, PA. 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.
Get your certified valuation from Fair Market Value.