Whitaker Bank, Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Whitaker Bank, Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 2 | $762K | $381K | 4.4% |
| 541110 | Offices of Lawyers | 2 | $37K | $19K | 4.4% |
| 713110 | Amusement and Theme Parks | 2 | $405K | $203K | 4.4% |
| 713930 | Marinas | 2 | $55K | $28K | 4.4% |
| 621210 | Offices of Dentists | 1 | $80K | $80K | 2.2% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $78K | $78K | 2.2% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 1 | $35K | $35K | 2.2% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $34K | $34K | 2.2% |
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 1 | $85K | $85K | 2.2% |
| 721191 | Bed-and-Breakfast Inns | 1 | $35K | $35K | 2.2% |
Geographic Distribution
SBA lending activity for Whitaker Bank, Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 45 | $6.4M | 100.0% |
Why Choose Whitaker Bank, Inc?
Based on SBA 7(a) lending track record from 1991-2013
- ✓Proven Track Record: 45 SBA loans approved, totaling $6.4M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Offices of Lawyers, Amusement and Theme Parks
- ✓Competitive Terms: Average interest rate of 6.08% with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $10K to $1.3M, with an average of $143K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KY
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 Whitaker Bank, Inc SBA lending
What types of businesses does Whitaker Bank, Inc typically finance?
Whitaker Bank, Inc specializes in SBA 7(a) lending to specific industries including landscaping services, offices of lawyers, amusement and theme parks, marinas. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Whitaker Bank, Inc's typical SBA loan terms?
Whitaker Bank, Inc's SBA 7(a) loans typically feature an average interest rate of 6.08% and average term length of 87 months (approximately 7 years). Loan sizes range from $10K to $1.3M, with an average loan size of $143K.
Do I need a business valuation for a Whitaker Bank, Inc SBA loan?
Yes, Whitaker Bank, Inc 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 Whitaker Bank, Inc compare to other SBA lenders?
Whitaker Bank, Inc has originated 45 SBA loans totaling $6.4M 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 Whitaker Bank, Inc lend in?
Whitaker Bank, Inc provides SBA 7(a) financing with particularly strong presence in KY. 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.
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