Wellworth Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wellworth Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321992 | Prefabricated Wood Building Manufacturing | 1 | $50K | $50K | 9.1% |
| 488991 | Packing and Crating | 1 | $100K | $100K | 9.1% |
| 324199 | All Other Petroleum and Coal Products Manufacturing | 1 | $77K | $77K | 9.1% |
| 541330 | Engineering Services | 1 | $100K | $100K | 9.1% |
Geographic Distribution
SBA lending activity for Wellworth Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 11 | $1.2M | 100.0% |
Why Choose Wellworth Bank?
Based on SBA 7(a) lending track record from 1995-2007
- ✓Proven Track Record: 11 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Prefabricated Wood Building Manufacturing, Packing and Crating, All Other Petroleum and Coal Products Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $50K to $450K, with an average of $113K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
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 Wellworth Bank SBA lending
What types of businesses does Wellworth Bank typically finance?
Wellworth Bank specializes in SBA 7(a) lending to specific industries including prefabricated wood building manufacturing, packing and crating, all other petroleum and coal products manufacturing, engineering services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wellworth Bank's typical SBA loan terms?
Wellworth Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 97 months (approximately 8 years). Loan sizes range from $50K to $450K, with an average loan size of $113K.
Do I need a business valuation for a Wellworth Bank SBA loan?
Yes, Wellworth 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 Wellworth Bank compare to other SBA lenders?
Wellworth Bank has originated 11 SBA loans totaling $1.2M since 1995. 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 Wellworth Bank lend in?
Wellworth Bank provides SBA 7(a) financing with particularly strong presence in TN. 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.