Whitney National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Whitney National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $19K | $19K | 33.3% |
Geographic Distribution
SBA lending activity for Whitney National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 3 | $153K | 100.0% |
Why Choose Whitney National Bank?
Based on SBA 7(a) lending track record from 1994-1999
- ✓Proven Track Record: 3 SBA loans approved, totaling $153K in financing
- ✓Industry Expertise: Specialized focus on Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $12K to $122K, with an average of $51K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in LA
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 Whitney National Bank SBA lending
What types of businesses does Whitney National Bank typically finance?
Whitney National Bank specializes in SBA 7(a) lending to specific industries including child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Whitney National Bank's typical SBA loan terms?
Whitney National Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 60 months (approximately 5 years). Loan sizes range from $12K to $122K, with an average loan size of $51K.
Do I need a business valuation for a Whitney National Bank SBA loan?
Yes, Whitney National 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 Whitney National Bank compare to other SBA lenders?
Whitney National Bank has originated 3 SBA loans totaling $153K since 1994. 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 Whitney National Bank lend in?
Whitney National Bank provides SBA 7(a) financing with particularly strong presence in LA. 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.
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