West Alabama Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by West Alabama Bank and Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 1 | $30K | $30K | 4.5% |
| 321920 | Wood Container and Pallet Manufacturing | 1 | $200K | $200K | 4.5% |
| 441110 | New Car Dealers | 1 | $125K | $125K | 4.5% |
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $234K | $234K | 4.5% |
| 325311 | Nitrogenous Fertilizer Manufacturing | 1 | $110K | $110K | 4.5% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $19K | $19K | 4.5% |
| 424430 | Dairy Product (except Dried or Canned) Merchant Wholesalers | 1 | $150K | $150K | 4.5% |
| 321113 | Sawmills | 1 | $600K | $600K | 4.5% |
Geographic Distribution
SBA lending activity for West Alabama Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 21 | $5.4M | 95.5% |
| Mississippi (MS) | 1 | $76K | 4.5% |
Why Choose West Alabama Bank and Trust?
Based on SBA 7(a) lending track record from 1991-2013
- ✓Proven Track Record: 22 SBA loans approved, totaling $5.4M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Wood Container and Pallet Manufacturing, New Car Dealers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $19K to $827K, with an average of $247K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in AL, MS
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 West Alabama Bank and Trust SBA lending
What types of businesses does West Alabama Bank and Trust typically finance?
West Alabama Bank and Trust specializes in SBA 7(a) lending to specific industries including car washes, wood container and pallet manufacturing, new car dealers, fabricated structural metal manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are West Alabama Bank and Trust's typical SBA loan terms?
West Alabama Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 102 months (approximately 9 years). Loan sizes range from $19K to $827K, with an average loan size of $247K.
Do I need a business valuation for a West Alabama Bank and Trust SBA loan?
Yes, West Alabama Bank and Trust 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 West Alabama Bank and Trust compare to other SBA lenders?
West Alabama Bank and Trust has originated 22 SBA loans totaling $5.4M 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 West Alabama Bank and Trust lend in?
West Alabama Bank and Trust provides SBA 7(a) financing with particularly strong presence in AL, MS. 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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