Wilshire State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Wilshire State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 10 | $14.0M | $1.4M | 7.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 8 | $2.2M | $274K | 6.0% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 5 | $1.9M | $384K | 3.8% |
| 811192 | Car Washes | 4 | $5.1M | $1.3M | 3.0% |
| 811111 | General Automotive Repair | 2 | $783K | $392K | 1.5% |
| 531210 | Offices of Real Estate Agents and Brokers | 2 | $4.0M | $2.0M | 1.5% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $620K | $310K | 1.5% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $860K | $430K | 1.5% |
| 541410 | Interior Design Services | 2 | $750K | $375K | 1.5% |
| 812112 | Beauty Salons | 1 | $360K | $360K | 0.8% |
Geographic Distribution
SBA lending activity for Wilshire State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 118 | $71.9M | 88.7% |
| Washington (WA) | 10 | $9.5M | 7.5% |
| Oklahoma (OK) | 1 | $2.0M | 0.8% |
| Colorado (CO) | 3 | $1.1M | 2.3% |
| Kansas (KS) | 1 | $1.1M | 0.8% |
Why Choose Wilshire State Bank?
Based on SBA 7(a) lending track record from 2003-2008
- ✓Proven Track Record: 133 SBA loans approved, totaling $85.6M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Supermarkets and Other Grocery Retailers (except Convenience Retailers), Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 190 months
- ✓Loan Range: Loan sizes from $20K to $2.0M, with an average of $643K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in CA, WA, CO
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 Wilshire State Bank SBA lending
What types of businesses does Wilshire State Bank typically finance?
Wilshire State Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, supermarkets and other grocery retailers (except convenience retailers), drycleaning and laundry services (except coin-operated), car washes. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Wilshire State Bank's typical SBA loan terms?
Wilshire State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 190 months (approximately 16 years). Loan sizes range from $20K to $2.0M, with an average loan size of $643K.
Do I need a business valuation for a Wilshire State Bank SBA loan?
Yes, Wilshire State 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 Wilshire State Bank compare to other SBA lenders?
Wilshire State Bank has originated 133 SBA loans totaling $85.6M since 2003. 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 Wilshire State Bank lend in?
Wilshire State Bank provides SBA 7(a) financing with particularly strong presence in CA, WA, CO, OK, KS. 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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