American Bank Center
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Bank Center · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238140 | Masonry Contractors | 1 | $250K | $250K | 33.3% |
Geographic Distribution
SBA lending activity for American Bank Center by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 3 | $438K | 100.0% |
Why Choose American Bank Center?
Based on SBA 7(a) lending track record from 2006-2007
- ✓Proven Track Record: 3 SBA loans approved, totaling $438K in financing
- ✓Industry Expertise: Specialized focus on Masonry Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 28 months
- ✓Loan Range: Loan sizes from $55K to $250K, with an average of $146K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 American Bank Center SBA lending
What types of businesses does American Bank Center typically finance?
American Bank Center specializes in SBA 7(a) lending to specific industries including masonry contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Bank Center's typical SBA loan terms?
American Bank Center's SBA 7(a) loans typically feature an average interest rate of — and average term length of 28 months (approximately 2 years). Loan sizes range from $55K to $250K, with an average loan size of $146K.
Do I need a business valuation for a American Bank Center SBA loan?
Yes, American Bank Center 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 American Bank Center compare to other SBA lenders?
American Bank Center has originated 3 SBA loans totaling $438K since 2006. 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 American Bank Center lend in?
American Bank Center provides SBA 7(a) financing with particularly strong presence in ND. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.