Bank of Hartington
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Hartington · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332312 | Fabricated Structural Metal Manufacturing | 1 | $972K | $972K | 20.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $688K | $688K | 20.0% |
| 311511 | Fluid Milk Manufacturing | 1 | $1.1M | $1.1M | 20.0% |
Geographic Distribution
SBA lending activity for Bank of Hartington by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 5 | $2.9M | 100.0% |
Why Choose Bank of Hartington?
Based on SBA 7(a) lending track record from 1999-2013
- ✓Proven Track Record: 5 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Fabricated Structural Metal Manufacturing, Lessors of Nonresidential Buildings (except Miniwarehouses), Fluid Milk Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $85K to $1.1M, with an average of $587K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
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 Hartington SBA lending
What types of businesses does Bank of Hartington typically finance?
Bank of Hartington specializes in SBA 7(a) lending to specific industries including fabricated structural metal manufacturing, lessors of nonresidential buildings (except miniwarehouses), fluid milk manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Hartington's typical SBA loan terms?
Bank of Hartington's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 158 months (approximately 13 years). Loan sizes range from $85K to $1.1M, with an average loan size of $587K.
Do I need a business valuation for a Bank of Hartington SBA loan?
Yes, Bank of Hartington 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 Hartington compare to other SBA lenders?
Bank of Hartington has originated 5 SBA loans totaling $2.9M since 1999. 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 Hartington lend in?
Bank of Hartington provides SBA 7(a) financing with particularly strong presence in NE. 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.
Get your certified valuation from Fair Market Value.