Is Cadence Bank a good match for your SBA loan?
Cadence Bank’s project state SBA 7(a) loan approvals in 2020.
Cadence Bank Highlights
In 2020 Cadence Bank is ranked #15 for SBA 7(a) loan approvals and ranks #36 in SBA 7(a) approval amounts. For franchise business SBA lending in 2020 Cadence Bank ranks #9 for loan approvals and #30 in approval amounts.
All-time Cadence Bank has approved 1,696 SBA 7(a) loans for over $825 million. Cadence Bank approved borrowers from 745 cities, for projects in 47 states, in 365 industries, and for 244 franchise brands.
In 2020 Cadence Bank approved 397 SBA 7(a) loans for $125,788,800. The average loan approval amount was $316,848. Cadence Bank approved borrowers from 302 cities, for projects in 40 states, in 150 industries, and for 70 franchise brands.
For franchise branded businesses, Cadence Bank approved 91 loans for $38,384,300 with an average loan amount of $421,806.
Cadence Bank’s SBA loan approvals in 2020 represent 3,588 small business jobs supported or saved.
Our forecast model projects Cadence Bank approving $103 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on Cadence Bank for their full report, but below are a few highlights:
Cadence Bank Historical SBA 7(a) Lending
Cadence Bank Loan Approvals
2020 Top 25 Business Industries
Cadence Bank approved the most loans for the Fitness and Recreational Sports Centers industry followed by Full-Service Restaurants, Limited-Service Restaurants, and Other Professional, Scientific, and Technical Services industry. Cadence Bank approved SBA loans for 150 different industries in 2020.
Cadence Bank is focused on the bigger loans
Cadence Bank’s average SBA loan approval amount in 2020 was $316,848.
23.93% of approved loans in 2020 were for loan amounts up to $150,000.
90.93% of approved loans in 2020 were for loan amounts up to $350,000.
4.79% of approved loans in 2020 were for loan amounts from $350,001 to $1 million.
4.28% of approved loans in 2020 were for loan amounts over $1 million.
1.76% of loan approvals were for multi-million loan amounts.
Cadence Bank is the #15 Ranked National SBA Lender
In 2020 Cadence Bank is ranked #15 for SBA 7(a) loan approvals and ranks #36 for approval amounts.
In 2020 Cadence Bank approved 397 SBA 7(a) loans for $125,788,800.
Cadence Bank’s average loan approval amount was $316,848.
In 2020 Cadence Bank approved borrowers from 302 cities, for projects in 40 states, in 150 industries, and for 70 franchise brands.
Cadence Bank is the #9 Ranked National SBA Franchise Lender
For franchise business SBA lending in 2020 Cadence Bank ranks #9 for loan approvals and #30 in approval amounts.
Cadence Bank approved 91 franchise loans in 2020 for 70 different franchise brands for $38,384,300 with an average loan amount of $421,806.
See our full (and free) SBA report on Cadence Bank
This report has about everything a small business owner would want to know to determine if Cadence Bank would be a good match for an SBA loan. See how Cadence Bank ranks in multiple SBA loan categories, our SBA lending forecasts for Cadence Bank, the top 25 industries and franchise brands Cadence Bank approved loans with, and the top project states and borrower cities.
