Industrial Bank
WASHINGTON, DC 20011
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Offices of Lawyers
- Snack and Nonalcoholic Beverage Bars
- Retail Bakeries
Quick Summary
Industrial Bank is an SBA-approved lender headquartered in WASHINGTON, Washington D.C.. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 26 SBA 7(a) loans totaling $18.3M, with an average loan size of $705K. They serve businesses across 4 states.
About Industrial Bank
Industrial Bank is an SBA-approved lender headquartered in WASHINGTON, Washington D.C.. Since 2020, they have approved 26 SBA 7(a) loans totaling $18.3M, with an average loan size of $705K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.
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Frequently Asked Questions
Is Industrial Bank an SBA Preferred Lender?
Yes, Industrial Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Industrial Bank approved?
According to SBA FOIA public records, Industrial Bank has approved 26 SBA 7(a) loans totaling $18.3M since 2020. Their average loan size is $705K.
What states does Industrial Bank serve?
Industrial Bank serves businesses in 4 states: Washington D.C., Maryland, New Jersey, Virginia.
How do I apply for an SBA loan with Industrial Bank?
To apply for an SBA 7(a) loan with Industrial Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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