VeraBank National Association
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by VeraBank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $8.8M | $1.1M | 7.1% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 8 | $4.5M | $560K | 7.1% |
| 312120 | Breweries | 8 | $10.6M | $1.3M | 7.1% |
| 424950 | Paint, Varnish, and Supplies Merchant Wholesalers | 8 | $6.1M | $760K | 7.1% |
| 812199 | Other Personal Care Services | 8 | $7.6M | $947K | 7.1% |
| 238210 | Electrical Contractors | 8 | $4.0M | $500K | 7.1% |
| 524210 | Insurance Agencies and Brokerages | 8 | $5.4M | $675K | 7.1% |
| 621310 | Offices of Chiropractors | 8 | $1.7M | $217K | 7.1% |
| 624410 | Child Day Care Services | 8 | $1.1M | $135K | 7.1% |
| 722310 | Food Service Contractors | 8 | $4.0M | $500K | 7.1% |
Geographic Distribution
SBA lending activity for VeraBank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 112 | $81.6M | 100.0% |
Why Choose VeraBank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 112 SBA loans approved, totaling $81.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers, Breweries
- ✓Competitive Terms: Average interest rate of 8.02% with flexible term lengths averaging 149 months
- ✓Loan Range: Loan sizes from $135K to $2.5M, with an average of $729K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 VeraBank National Association SBA lending
What types of businesses does VeraBank National Association typically finance?
VeraBank National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, flower, nursery stock, and florists' supplies merchant wholesalers, breweries, paint, varnish, and supplies merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are VeraBank National Association's typical SBA loan terms?
VeraBank National Association's SBA 7(a) loans typically feature an average interest rate of 8.02% and average term length of 149 months (approximately 12 years). Loan sizes range from $135K to $2.5M, with an average loan size of $729K.
Do I need a business valuation for a VeraBank National Association SBA loan?
Yes, VeraBank 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 VeraBank National Association compare to other SBA lenders?
VeraBank National Association has originated 112 SBA loans totaling $81.6M 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 VeraBank National Association lend in?
VeraBank National Association provides SBA 7(a) financing with particularly strong presence in 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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