Volunteer Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Volunteer Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238150 | Glass and Glazing Contractors | 16 | $720K | $45K | 50.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $3.3M | $413K | 25.0% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 8 | $3.3M | $408K | 25.0% |
Geographic Distribution
SBA lending activity for Volunteer Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 24 | $4.0M | 75.0% |
| Colorado (CO) | 8 | $3.3M | 25.0% |
Why Choose Volunteer Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $7.3M in financing
- ✓Industry Expertise: Specialized focus on Glass and Glazing Contractors, Snack and Nonalcoholic Beverage Bars, Offices of Mental Health Practitioners (except Physicians)
- ✓Competitive Terms: Average interest rate of 6.92% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $15K to $413K, with an average of $228K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TN, 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 SBA lending
What types of businesses does Volunteer Bank typically finance?
Volunteer Bank specializes in SBA 7(a) lending to specific industries including glass and glazing contractors, snack and nonalcoholic beverage bars, offices of mental health practitioners (except physicians). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Volunteer Bank's typical SBA loan terms?
Volunteer Bank's SBA 7(a) loans typically feature an average interest rate of 6.92% and average term length of 106 months (approximately 9 years). Loan sizes range from $15K to $413K, with an average loan size of $228K.
Do I need a business valuation for a Volunteer Bank SBA loan?
Yes, Volunteer 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 compare to other SBA lenders?
Volunteer Bank has originated 32 SBA loans totaling $7.3M 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 Volunteer Bank lend in?
Volunteer Bank provides SBA 7(a) financing with particularly strong presence in TN, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.