Westamerica Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Westamerica Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 33 | $8.0M | $241K | 2.7% |
| 541110 | Offices of Lawyers | 24 | $4.9M | $206K | 2.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 24 | $8.4M | $349K | 2.0% |
| 811111 | General Automotive Repair | 23 | $6.7M | $292K | 1.9% |
| 811192 | Car Washes | 15 | $4.2M | $278K | 1.2% |
| 713940 | Fitness and Recreational Sports Centers | 11 | $3.6M | $331K | 0.9% |
| 621310 | Offices of Chiropractors | 11 | $2.4M | $214K | 0.9% |
| 541330 | Engineering Services | 11 | $2.7M | $249K | 0.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 8 | $1.7M | $209K | 0.7% |
| 541430 | Graphic Design Services | 7 | $1.6M | $233K | 0.6% |
Geographic Distribution
SBA lending activity for Westamerica Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 1,199 | $312.4M | 99.8% |
| Texas (TX) | 1 | $431K | 0.1% |
| South Carolina (SC) | 1 | $90K | 0.1% |
Why Choose Westamerica Bank?
Based on SBA 7(a) lending track record from 1991-2009
- ✓Proven Track Record: 1,201 SBA loans approved, totaling $312.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Offices of Lawyers, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.21% with flexible term lengths averaging 171 months
- ✓Loan Range: Loan sizes from $20K to $2.0M, with an average of $261K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in CA, TX, SC
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 Westamerica Bank SBA lending
What types of businesses does Westamerica Bank typically finance?
Westamerica Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, offices of lawyers, automotive body, paint, and interior repair and maintenance, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Westamerica Bank's typical SBA loan terms?
Westamerica Bank's SBA 7(a) loans typically feature an average interest rate of 6.21% and average term length of 171 months (approximately 14 years). Loan sizes range from $20K to $2.0M, with an average loan size of $261K.
Do I need a business valuation for a Westamerica Bank SBA loan?
Yes, Westamerica 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 Westamerica Bank compare to other SBA lenders?
Westamerica Bank has originated 1,201 SBA loans totaling $312.9M 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 Westamerica Bank lend in?
Westamerica Bank provides SBA 7(a) financing with particularly strong presence in CA, TX, SC. 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.