Bank of Oak Ridge
NC
SBA-approved lender offering 7 loan programs across 10 industries.
Key Metrics
Interest Rate
8.83%
2.08% over prime
Average Loan
$1.1M
Per approval
Total Approvals
38
FY 2025
Loan Programs (7)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
7a General
Fixed Rates
Industries Served (10)
All Other Amusement and Recreation IndustriesBeauty SalonsExam Preparation and TutoringGlass and Glazing ContractorsHome Health Care ServicesHotels (except Casino Hotels) and MotelsInterior Design ServicesOffices of ChiropractorsResidential RemodelersSnack and Nonalcoholic Beverage Bars
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.08%
- Effective Rate
- 8.83%
- Fiscal Year
- 2025
- States Served
- NC
- Website
- www.bankofoakridge.com
Ready to apply with Bank of Oak Ridge?
Let Cassian help you prepare your application and connect you with the right loan officer.