1NB Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by 1NB Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424510 | Grain and Field Bean Merchant Wholesalers | 8 | $3.2M | $400K | 25.0% |
| 333131 | Mining Machinery and Equipment Manufacturing | 8 | $2.4M | $300K | 25.0% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 8 | $1.6M | $200K | 25.0% |
| 523940 | Other | 8 | $1.2M | $144K | 25.0% |
Geographic Distribution
SBA lending activity for 1NB Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 32 | $8.4M | 100.0% |
Why Choose 1NB Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $8.4M in financing
- ✓Industry Expertise: Specialized focus on Grain and Field Bean Merchant Wholesalers, Mining Machinery and Equipment Manufacturing, RV (Recreational Vehicle) Parks and Campgrounds
- ✓Competitive Terms: Average interest rate of 7.13% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $144K to $400K, with an average of $261K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 1NB Bank SBA lending
What types of businesses does 1NB Bank typically finance?
1NB Bank specializes in SBA 7(a) lending to specific industries including grain and field bean merchant wholesalers, mining machinery and equipment manufacturing, rv (recreational vehicle) parks and campgrounds, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are 1NB Bank's typical SBA loan terms?
1NB Bank's SBA 7(a) loans typically feature an average interest rate of 7.13% and average term length of 129 months (approximately 11 years). Loan sizes range from $144K to $400K, with an average loan size of $261K.
Do I need a business valuation for a 1NB Bank SBA loan?
Yes, 1NB 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 1NB Bank compare to other SBA lenders?
1NB Bank has originated 32 SBA loans totaling $8.4M since 2020. 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 1NB Bank lend in?
1NB Bank provides SBA 7(a) financing with particularly strong presence in IL. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.