Volunteer Bank, A Division of Lawrence Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Volunteer Bank, A Division of Lawrence Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 3 | $105K | $35K | 5.6% |
| 624410 | Child Care Services | 3 | $678K | $226K | 5.6% |
| 722511 | Full-Service Restaurants | 2 | $582K | $291K | 3.7% |
| 334510 | Electromedical and Electrotherapeutic Apparatus Manufacturing | 2 | $557K | $279K | 3.7% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $250K | $125K | 3.7% |
| 811192 | Car Washes | 2 | $1.7M | $827K | 3.7% |
| 238150 | Glass and Glazing Contractors | 2 | $90K | $45K | 3.7% |
| 611620 | Sports and Recreation Instruction | 1 | $1.1M | $1.1M | 1.9% |
| 812199 | Other Personal Care Services | 1 | $169K | $169K | 1.9% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $100K | $100K | 1.9% |
Geographic Distribution
SBA lending activity for Volunteer Bank, A Division of Lawrence Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 52 | $13.9M | 96.3% |
| Alabama (AL) | 1 | $1.6M | 1.9% |
| Colorado (CO) | 1 | $408K | 1.9% |
Why Choose Volunteer Bank, A Division of Lawrence Bank?
Based on SBA 7(a) lending track record from 1992-2021
- ✓Proven Track Record: 54 SBA loans approved, totaling $15.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physical, Occupational and Speech Therapists, and Audiologists, Child Care Services, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.78% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $15K to $1.6M, with an average of $294K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TN, AL, CO
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 Volunteer Bank, A Division of Lawrence Bank SBA lending
What types of businesses does Volunteer Bank, A Division of Lawrence Bank typically finance?
Volunteer Bank, A Division of Lawrence Bank specializes in SBA 7(a) lending to specific industries including offices of physical, occupational and speech therapists, and audiologists, child care services, full-service restaurants, electromedical and electrotherapeutic apparatus manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Volunteer Bank, A Division of Lawrence Bank's typical SBA loan terms?
Volunteer Bank, A Division of Lawrence Bank's SBA 7(a) loans typically feature an average interest rate of 6.78% and average term length of 110 months (approximately 9 years). Loan sizes range from $15K to $1.6M, with an average loan size of $294K.
Do I need a business valuation for a Volunteer Bank, A Division of Lawrence Bank SBA loan?
Yes, Volunteer Bank, A Division of Lawrence 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 Volunteer Bank, A Division of Lawrence Bank compare to other SBA lenders?
Volunteer Bank, A Division of Lawrence Bank has originated 54 SBA loans totaling $15.9M since 1992. 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 Volunteer Bank, A Division of Lawrence Bank lend in?
Volunteer Bank, A Division of Lawrence Bank provides SBA 7(a) financing with particularly strong presence in TN, AL, CO. 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?
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