American Bank of Baxter Springs
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Bank of Baxter Springs · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327991 | Cut Stone and Stone Product Manufacturing | 1 | $56K | $56K | 100.0% |
Geographic Distribution
SBA lending activity for American Bank of Baxter Springs by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 1 | $56K | 100.0% |
Why Choose American Bank of Baxter Springs?
Based on SBA 7(a) lending track record from 2008-2008
- ✓Proven Track Record: 1 SBA loans approved, totaling $56K in financing
- ✓Industry Expertise: Specialized focus on Cut Stone and Stone Product Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $56K to $56K, with an average of $56K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KS
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 of Baxter Springs SBA lending
What types of businesses does American Bank of Baxter Springs typically finance?
American Bank of Baxter Springs specializes in SBA 7(a) lending to specific industries including cut stone and stone product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Bank of Baxter Springs's typical SBA loan terms?
American Bank of Baxter Springs's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $56K to $56K, with an average loan size of $56K.
Do I need a business valuation for a American Bank of Baxter Springs SBA loan?
Yes, American Bank of Baxter Springs 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 of Baxter Springs compare to other SBA lenders?
American Bank of Baxter Springs has originated 1 SBA loans totaling $56K since 2008. 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 of Baxter Springs lend in?
American Bank of Baxter Springs provides SBA 7(a) financing with particularly strong presence in KS. 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.
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