Vast Bank, National Association
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Vast Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 16 | $4.2M | $263K | 18.2% |
| 524210 | Insurance Agencies and Brokerages | 16 | $10.5M | $659K | 18.2% |
| 312120 | Breweries | 8 | $2.1M | $264K | 9.1% |
| 458310 | Other | 8 | $21.6M | $2.7M | 9.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $536K | $67K | 9.1% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $13.0M | $1.6M | 9.1% |
| 511130 | Book Publishers | 8 | $4.4M | $556K | 9.1% |
| 541211 | Offices of Certified Public Accountants | 8 | $4.5M | $559K | 9.1% |
| 722511 | Full-Service Restaurants | 8 | $800K | $100K | 9.1% |
Geographic Distribution
SBA lending activity for Vast Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 80 | $59.3M | 90.9% |
| Texas (TX) | 8 | $2.4M | 9.1% |
Why Choose Vast Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $61.7M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Insurance Agencies and Brokerages, Breweries
- ✓Competitive Terms: Average interest rate of 6.80% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $67K to $2.7M, with an average of $701K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, TX
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 Vast Bank, National Association SBA lending
What types of businesses does Vast Bank, National Association typically finance?
Vast Bank, National Association specializes in SBA 7(a) lending to specific industries including beauty salons, insurance agencies and brokerages, breweries, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Vast Bank, National Association's typical SBA loan terms?
Vast Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 6.80% and average term length of 101 months (approximately 8 years). Loan sizes range from $67K to $2.7M, with an average loan size of $701K.
Do I need a business valuation for a Vast Bank, National Association SBA loan?
Yes, Vast Bank, National Association 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 Vast Bank, National Association compare to other SBA lenders?
Vast Bank, National Association has originated 88 SBA loans totaling $61.7M 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 Vast Bank, National Association lend in?
Vast Bank, National Association provides SBA 7(a) financing with particularly strong presence in OK, TX. 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.
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Professional valuations are often required for SBA loans over $250,000.
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