Wellington State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wellington State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $93K | $93K | 2.1% |
| 321920 | Wood Container and Pallet Manufacturing | 1 | $45K | $45K | 2.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $100K | $100K | 2.1% |
| 621512 | Diagnostic Imaging Centers | 1 | $130K | $130K | 2.1% |
| 812220 | Cemeteries and Crematories | 1 | $585K | $585K | 2.1% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 1 | $40K | $40K | 2.1% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $87K | $87K | 2.1% |
| 541110 | Offices of Lawyers | 1 | $35K | $35K | 2.1% |
| 811191 | Automotive Oil Change and Lubrication Shops | 1 | $770K | $770K | 2.1% |
| 623990 | Other Residential Care Facilities | 1 | $160K | $160K | 2.1% |
Geographic Distribution
SBA lending activity for Wellington State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 47 | $8.1M | 97.9% |
| Oklahoma (OK) | 1 | $300K | 2.1% |
Why Choose Wellington State Bank?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 48 SBA loans approved, totaling $8.4M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Wood Container and Pallet Manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.06% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $10K to $770K, with an average of $175K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, OK
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 Wellington State Bank SBA lending
What types of businesses does Wellington State Bank typically finance?
Wellington State Bank specializes in SBA 7(a) lending to specific industries including landscaping services, wood container and pallet manufacturing, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, diagnostic imaging centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wellington State Bank's typical SBA loan terms?
Wellington State Bank's SBA 7(a) loans typically feature an average interest rate of 6.06% and average term length of 104 months (approximately 9 years). Loan sizes range from $10K to $770K, with an average loan size of $175K.
Do I need a business valuation for a Wellington State Bank SBA loan?
Yes, Wellington State 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 Wellington State Bank compare to other SBA lenders?
Wellington State Bank has originated 48 SBA loans totaling $8.4M since 1991. 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 Wellington State Bank lend in?
Wellington State Bank provides SBA 7(a) financing with particularly strong presence in TX, OK. 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.
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Certified valuations are often required for SBA loans over $250,000.
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