American Enterprise Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Enterprise Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $3.6M | $1.2M | 25.0% |
| 541211 | Offices of Certified Public Accountants | 1 | $185K | $185K | 8.3% |
| 811192 | Car Washes | 1 | $150K | $150K | 8.3% |
| 561492 | Court Reporting and Stenotype Services | 1 | $150K | $150K | 8.3% |
| 621310 | Offices of Chiropractors | 1 | $130K | $130K | 8.3% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 1 | $1.1M | $1.1M | 8.3% |
| 624410 | Child Care Services | 1 | $1.3M | $1.3M | 8.3% |
Geographic Distribution
SBA lending activity for American Enterprise Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 9 | $4.6M | 75.0% |
| Indiana (IN) | 2 | $2.4M | 16.7% |
| Colorado (CO) | 1 | $185K | 8.3% |
Why Choose American Enterprise Bank?
Based on SBA 7(a) lending track record from 2002-2005
- ✓Proven Track Record: 12 SBA loans approved, totaling $7.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Offices of Certified Public Accountants, Car Washes
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 162 months
- ✓Loan Range: Loan sizes from $108K to $1.3M, with an average of $598K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IL, IN, CO
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 Enterprise Bank SBA lending
What types of businesses does American Enterprise Bank typically finance?
American Enterprise Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, offices of certified public accountants, car washes, court reporting and stenotype services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Enterprise Bank's typical SBA loan terms?
American Enterprise Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 162 months (approximately 14 years). Loan sizes range from $108K to $1.3M, with an average loan size of $598K.
Do I need a business valuation for a American Enterprise Bank SBA loan?
Yes, American Enterprise 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 American Enterprise Bank compare to other SBA lenders?
American Enterprise Bank has originated 12 SBA loans totaling $7.2M since 2002. 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 Enterprise Bank lend in?
American Enterprise Bank provides SBA 7(a) financing with particularly strong presence in IL, IN, CO. 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?
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