American State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311612 | Meat Processed from Carcasses | 8 | $13.4M | $1.7M | 100.0% |
Geographic Distribution
SBA lending activity for American State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 8 | $13.4M | 100.0% |
Why Choose American State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $13.4M in financing
- ✓Industry Expertise: Specialized focus on Meat Processed from Carcasses
- ✓Competitive Terms: Average interest rate of 4.50% with flexible term lengths averaging 168 months
- ✓Loan Range: Loan sizes from $1.7M to $1.7M, with an average of $1.7M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 State Bank SBA lending
What types of businesses does American State Bank typically finance?
American State Bank specializes in SBA 7(a) lending to specific industries including meat processed from carcasses. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American State Bank's typical SBA loan terms?
American State Bank's SBA 7(a) loans typically feature an average interest rate of 4.50% and average term length of 168 months (approximately 14 years). Loan sizes range from $1.7M to $1.7M, with an average loan size of $1.7M.
Do I need a business valuation for a American State Bank SBA loan?
Yes, American State 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 State Bank compare to other SBA lenders?
American State Bank has originated 8 SBA loans totaling $13.4M 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 State Bank lend in?
American State Bank provides SBA 7(a) financing with particularly strong presence in IA. 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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