American Heritage National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American Heritage National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 16 | $824K | $52K | 50.0% |
| 424130 | Industrial and Personal Service Paper Merchant Wholesalers | 8 | $200K | $25K | 25.0% |
| 511199 | All Other Publishers | 8 | $400K | $50K | 25.0% |
Geographic Distribution
SBA lending activity for American Heritage National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 32 | $1.4M | 100.0% |
Why Choose American Heritage National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Industrial and Personal Service Paper Merchant Wholesalers, All Other Publishers
- ✓Competitive Terms: Average interest rate of 6.80% with flexible term lengths averaging 46 months
- ✓Loan Range: Loan sizes from $25K to $65K, with an average of $45K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Heritage National Bank SBA lending
What types of businesses does American Heritage National Bank typically finance?
American Heritage National Bank specializes in SBA 7(a) lending to specific industries including beauty salons, industrial and personal service paper merchant wholesalers, all other publishers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American Heritage National Bank's typical SBA loan terms?
American Heritage National Bank's SBA 7(a) loans typically feature an average interest rate of 6.80% and average term length of 46 months (approximately 4 years). Loan sizes range from $25K to $65K, with an average loan size of $45K.
Do I need a business valuation for a American Heritage National Bank SBA loan?
Yes, American Heritage National 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 Heritage National Bank compare to other SBA lenders?
American Heritage National Bank has originated 32 SBA loans totaling $1.4M 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 Heritage National Bank lend in?
American Heritage National Bank provides SBA 7(a) financing with particularly strong presence in MN. 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.
Get your certified valuation from Fair Market Value.