Apple River State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Apple River State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541512 | Computer Systems Design Services | 1 | $75K | $75K | 100.0% |
Geographic Distribution
SBA lending activity for Apple River State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $75K | 100.0% |
Why Choose Apple River State Bank?
Based on SBA 7(a) lending track record from 2016-2016
- ✓Proven Track Record: 1 SBA loans approved, totaling $75K in financing
- ✓Industry Expertise: Specialized focus on Computer Systems Design Services
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $75K to $75K, with an average of $75K
- ✓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 Apple River State Bank SBA lending
What types of businesses does Apple River State Bank typically finance?
Apple River State Bank specializes in SBA 7(a) lending to specific industries including computer systems design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Apple River State Bank's typical SBA loan terms?
Apple River State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 120 months (approximately 10 years). Loan sizes range from $75K to $75K, with an average loan size of $75K.
Do I need a business valuation for a Apple River State Bank SBA loan?
Yes, Apple River 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 Apple River State Bank compare to other SBA lenders?
Apple River State Bank has originated 1 SBA loans totaling $75K since 2016. 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 Apple River State Bank lend in?
Apple River 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?
Certified valuations are often required for SBA loans over $250,000.
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