Bank of Billings
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Billings · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 111998 | All Other Miscellaneous Crop Farming | 1 | $25K | $25K | 33.3% |
Geographic Distribution
SBA lending activity for Bank of Billings by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 3 | $172K | 100.0% |
Why Choose Bank of Billings?
Based on SBA 7(a) lending track record from 1991-2014
- ✓Proven Track Record: 3 SBA loans approved, totaling $172K in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Crop Farming
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $25K to $83K, with an average of $57K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 of Billings SBA lending
What types of businesses does Bank of Billings typically finance?
Bank of Billings specializes in SBA 7(a) lending to specific industries including all other miscellaneous crop farming. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Billings's typical SBA loan terms?
Bank of Billings's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 144 months (approximately 12 years). Loan sizes range from $25K to $83K, with an average loan size of $57K.
Do I need a business valuation for a Bank of Billings SBA loan?
Yes, Bank of Billings 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 of Billings compare to other SBA lenders?
Bank of Billings has originated 3 SBA loans totaling $172K 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 Bank of Billings lend in?
Bank of Billings provides SBA 7(a) financing with particularly strong presence in MO. 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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