Top Banks for Self Storage Loans

Last quarterly update: Mar 26, 2018

Self storage is one of the most fast growing sector of small businesses nowadays. That’s why there is no surprise that most business minded people are considering this as a business they’d further like to engage. Self storage are also proven to make high profits if done right. But there are only a few banks nationally that do a bunch of SBA self storage small business loans:

1) Live Oak Banking Company — Wilmington, NC
2017: 77 loans, $2,503,857 average loan, average interest rate of 6.1%

If you’re looking to build, expand or renovate your business,  this bank offers a team of lending experts with over 24 years of self-storage experience. From loan origination to closing, you’ll work directly with individuals who focus exclusively on self-storage loans.  Live Oak gives you the financing edge you need that’s why there’s no surprise that it is on the top of our list.

 

2) First Bank Financial Centre — Oconomowoc, WI
2017: 18 loans, $1,543,362 average loan, average interest rate of 5.4%

As an SBA Preferred Lender, this bank can provide faster turn-around time on SBA loans, while still providing personalized service. In fact, it is Wisconsin’s #1 SBA lender, and the 2014 Wisconsin SBA Lender of the Year. Without a doubt, First Bank Financial Partner can be the perfect partner for your business’s growth.