Wayne Bank and Trust Co
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Wayne Bank and Trust Co
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 8 | $2.3M | $290K | 50.0% |
| 561621 | Security Systems Services (except Locksmiths) | 8 | $1.0M | $125K | 50.0% |
Geographic Distribution
SBA lending activity for Wayne Bank and Trust Co by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 16 | $3.3M | 100.0% |
Why Choose Wayne Bank and Trust Co?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Security Systems Services (except Locksmiths)
- ✓Competitive Terms: Average interest rate of 6.13% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $125K to $290K, with an average of $208K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Wayne Bank and Trust Co SBA lending
What types of businesses does Wayne Bank and Trust Co typically finance?
Wayne Bank and Trust Co specializes in SBA 7(a) lending to specific industries including beauty salons, security systems services (except locksmiths). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wayne Bank and Trust Co's typical SBA loan terms?
Wayne Bank and Trust Co's SBA 7(a) loans typically feature an average interest rate of 6.13% and average term length of 162 months (approximately 14 years). Loan sizes range from $125K to $290K, with an average loan size of $208K.
Do I need a business valuation for a Wayne Bank and Trust Co SBA loan?
Yes, Wayne Bank and Trust Co 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 Wayne Bank and Trust Co compare to other SBA lenders?
Wayne Bank and Trust Co has originated 16 SBA loans totaling $3.3M 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 Wayne Bank and Trust Co lend in?
Wayne Bank and Trust Co provides SBA 7(a) financing with particularly strong presence in IN. 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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