Bank North
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank North · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561510 | Travel Agencies | 1 | $57K | $57K | 16.7% |
Geographic Distribution
SBA lending activity for Bank North by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 6 | $537K | 100.0% |
Why Choose Bank North?
Based on SBA 7(a) lending track record from 1995-1997
- ✓Proven Track Record: 6 SBA loans approved, totaling $537K in financing
- ✓Industry Expertise: Specialized focus on Travel Agencies
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 184 months
- ✓Loan Range: Loan sizes from $20K to $145K, with an average of $90K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WI
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 Bank North SBA lending
What types of businesses does Bank North typically finance?
Bank North specializes in SBA 7(a) lending to specific industries including travel agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank North's typical SBA loan terms?
Bank North's SBA 7(a) loans typically feature an average interest rate of — and average term length of 184 months (approximately 15 years). Loan sizes range from $20K to $145K, with an average loan size of $90K.
Do I need a business valuation for a Bank North SBA loan?
Yes, Bank North 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 Bank North compare to other SBA lenders?
Bank North has originated 6 SBA loans totaling $537K since 1995. 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 Bank North lend in?
Bank North provides SBA 7(a) financing with particularly strong presence in WI. 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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