American Bank of Freedom
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Bank of Freedom
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 80 | $74.6M | $932K | 12.2% |
| 812112 | Beauty Salons | 24 | $17.3M | $723K | 3.7% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 24 | $15.9M | $663K | 3.7% |
| 238310 | Drywall and Insulation Contractors | 24 | $8.4M | $349K | 3.7% |
| 722513 | Limited-Service Restaurants | 24 | $18.0M | $751K | 3.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 24 | $9.1M | $381K | 3.7% |
| 326199 | All Other Plastics Product Manufacturing | 16 | $37.6M | $2.4M | 2.4% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 16 | $22.4M | $1.4M | 2.4% |
| 811111 | General Automotive Repair | 16 | $15.0M | $939K | 2.4% |
| 812199 | Other Personal Care Services | 16 | $4.8M | $301K | 2.4% |
Geographic Distribution
SBA lending activity for American Bank of Freedom by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 480 | $471.8M | 73.2% |
| Illinois (IL) | 80 | $99.6M | 12.2% |
| Indiana (IN) | 56 | $32.1M | 8.5% |
| Tennessee (TN) | 16 | $23.9M | 2.4% |
| Kansas (KS) | 16 | $9.3M | 2.4% |
| Colorado (CO) | 8 | $5.4M | 1.2% |
Why Choose American Bank of Freedom?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 656 SBA loans approved, totaling $642.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, Other Personal and Household Goods Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 7.41% with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $116K to $4.6M, with an average of $979K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in MO, IL, IN
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 Freedom SBA lending
What types of businesses does American Bank of Freedom typically finance?
American Bank of Freedom specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, other personal and household goods repair and maintenance, drywall and insulation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Bank of Freedom's typical SBA loan terms?
American Bank of Freedom's SBA 7(a) loans typically feature an average interest rate of 7.41% and average term length of 162 months (approximately 14 years). Loan sizes range from $116K to $4.6M, with an average loan size of $979K.
Do I need a business valuation for a American Bank of Freedom SBA loan?
Yes, American Bank of Freedom 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 Freedom compare to other SBA lenders?
American Bank of Freedom has originated 656 SBA loans totaling $642.1M 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 American Bank of Freedom lend in?
American Bank of Freedom provides SBA 7(a) financing with particularly strong presence in MO, IL, IN, TN, 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.
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.
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