VersaBank USA National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by VersaBank USA National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811191 | Automotive Oil Change and Lubrication Shops | 1 | $179K | $179K | 50.0% |
Geographic Distribution
SBA lending activity for VersaBank USA National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 2 | $531K | 100.0% |
Why Choose VersaBank USA National Association?
Based on SBA 7(a) lending track record from 2004-2005
- ✓Proven Track Record: 2 SBA loans approved, totaling $531K in financing
- ✓Industry Expertise: Specialized focus on Automotive Oil Change and Lubrication Shops
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $179K to $353K, with an average of $266K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 VersaBank USA National Association SBA lending
What types of businesses does VersaBank USA National Association typically finance?
VersaBank USA National Association specializes in SBA 7(a) lending to specific industries including automotive oil change and lubrication shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are VersaBank USA National Association's typical SBA loan terms?
VersaBank USA National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 120 months (approximately 10 years). Loan sizes range from $179K to $353K, with an average loan size of $266K.
Do I need a business valuation for a VersaBank USA National Association SBA loan?
Yes, VersaBank USA 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 VersaBank USA National Association compare to other SBA lenders?
VersaBank USA National Association has originated 2 SBA loans totaling $531K since 2004. 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 VersaBank USA National Association lend in?
VersaBank USA National Association provides SBA 7(a) financing with particularly strong presence in NC. 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.