American State Bank of Grygla
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by American State Bank of Grygla · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $290K | $145K | 8.0% |
| 811111 | General Automotive Repair | 2 | $150K | $75K | 8.0% |
| 424510 | Grain and Field Bean Merchant Wholesalers | 1 | $200K | $200K | 4.0% |
Geographic Distribution
SBA lending activity for American State Bank of Grygla by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 23 | $2.5M | 92.0% |
| North Dakota (ND) | 2 | $290K | 8.0% |
Why Choose American State Bank of Grygla?
Based on SBA 7(a) lending track record from 1991-2008
- ✓Proven Track Record: 25 SBA loans approved, totaling $2.8M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), General Automotive Repair, Grain and Field Bean Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $9K to $270K, with an average of $111K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, 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 of Grygla SBA lending
What types of businesses does American State Bank of Grygla typically finance?
American State Bank of Grygla specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), general automotive repair, grain and field bean merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are American State Bank of Grygla's typical SBA loan terms?
American State Bank of Grygla's SBA 7(a) loans typically feature an average interest rate of — and average term length of 156 months (approximately 13 years). Loan sizes range from $9K to $270K, with an average loan size of $111K.
Do I need a business valuation for a American State Bank of Grygla SBA loan?
Yes, American State Bank of Grygla 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 of Grygla compare to other SBA lenders?
American State Bank of Grygla has originated 25 SBA loans totaling $2.8M since 1991. 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 of Grygla lend in?
American State Bank of Grygla provides SBA 7(a) financing with particularly strong presence in MN, 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.
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.
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