American Federal Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Federal Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 5 | $243K | $49K | 4.2% |
| 811111 | General Automotive Repair | 5 | $560K | $112K | 4.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 | $240K | $60K | 3.4% |
| 238910 | Site Preparation Contractors | 4 | $800K | $200K | 3.4% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | $178K | $45K | 3.4% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | $140K | $47K | 2.5% |
| 327991 | Cut Stone and Stone Product Manufacturing | 2 | $700K | $350K | 1.7% |
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 2 | $1.1M | $575K | 1.7% |
| 492210 | Local Messengers and Local Delivery | 2 | $265K | $133K | 1.7% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $68K | $34K | 1.7% |
Geographic Distribution
SBA lending activity for American Federal Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 67 | $14.2M | 56.8% |
| North Dakota (ND) | 49 | $10.9M | 41.5% |
| South Dakota (SD) | 1 | $2.0M | 0.8% |
| Utah (UT) | 1 | $20K | 0.8% |
Why Choose American Federal Bank?
Based on SBA 7(a) lending track record from 1993-2024
- ✓Proven Track Record: 118 SBA loans approved, totaling $27.1M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, General Automotive Repair, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 6.20% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $10K to $2.0M, with an average of $230K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MN, ND, UT
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 Federal Bank SBA lending
What types of businesses does American Federal Bank typically finance?
American Federal Bank specializes in SBA 7(a) lending to specific industries including landscaping services, general automotive repair, offices of physicians (except mental health specialists), site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Federal Bank's typical SBA loan terms?
American Federal Bank's SBA 7(a) loans typically feature an average interest rate of 6.20% and average term length of 106 months (approximately 9 years). Loan sizes range from $10K to $2.0M, with an average loan size of $230K.
Do I need a business valuation for a American Federal Bank SBA loan?
Yes, American Federal 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 Federal Bank compare to other SBA lenders?
American Federal Bank has originated 118 SBA loans totaling $27.1M since 1993. 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 Federal Bank lend in?
American Federal Bank provides SBA 7(a) financing with particularly strong presence in MN, ND, UT, SD. 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.