American State Bank and Trust Company of Williston
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by American State Bank and Trust Company of Williston
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 453220 | Gift, Novelty, and Souvenir Stores | 8 | $592K | $74K | 33.3% |
| 561730 | Landscaping Services | 8 | $800K | $100K | 33.3% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $1.6M | $195K | 33.3% |
Geographic Distribution
SBA lending activity for American State Bank and Trust Company of Williston by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 24 | $3.0M | 100.0% |
Why Choose American State Bank and Trust Company of Williston?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $3.0M in financing
- ✓Industry Expertise: Specialized focus on Gift, Novelty, and Souvenir Stores, Landscaping Services, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.86% with flexible term lengths averaging 45 months
- ✓Loan Range: Loan sizes from $74K to $195K, with an average of $123K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 and Trust Company of Williston SBA lending
What types of businesses does American State Bank and Trust Company of Williston typically finance?
American State Bank and Trust Company of Williston specializes in SBA 7(a) lending to specific industries including gift, novelty, and souvenir stores, landscaping services, specialized freight (except used goods) trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American State Bank and Trust Company of Williston's typical SBA loan terms?
American State Bank and Trust Company of Williston's SBA 7(a) loans typically feature an average interest rate of 5.86% and average term length of 45 months (approximately 4 years). Loan sizes range from $74K to $195K, with an average loan size of $123K.
Do I need a business valuation for a American State Bank and Trust Company of Williston SBA loan?
Yes, American State Bank and Trust Company of Williston 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 and Trust Company of Williston compare to other SBA lenders?
American State Bank and Trust Company of Williston has originated 24 SBA loans totaling $3.0M 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 and Trust Company of Williston lend in?
American State Bank and Trust Company of Williston provides SBA 7(a) financing with particularly strong presence in ND. 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.
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