Bank of Maple Plain
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Maple Plain · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 493130 | Farm Product Warehousing and Storage | 1 | $170K | $170K | 14.3% |
Geographic Distribution
SBA lending activity for Bank of Maple Plain by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 7 | $1.9M | 100.0% |
Why Choose Bank of Maple Plain?
Based on SBA 7(a) lending track record from 1991-1999
- ✓Proven Track Record: 7 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Farm Product Warehousing and Storage
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $25K to $750K, with an average of $264K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Maple Plain SBA lending
What types of businesses does Bank of Maple Plain typically finance?
Bank of Maple Plain specializes in SBA 7(a) lending to specific industries including farm product warehousing and storage. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Maple Plain's typical SBA loan terms?
Bank of Maple Plain's SBA 7(a) loans typically feature an average interest rate of — and average term length of 112 months (approximately 9 years). Loan sizes range from $25K to $750K, with an average loan size of $264K.
Do I need a business valuation for a Bank of Maple Plain SBA loan?
Yes, Bank of Maple Plain 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 Maple Plain compare to other SBA lenders?
Bank of Maple Plain has originated 7 SBA loans totaling $1.9M 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 Maple Plain lend in?
Bank of Maple Plain provides SBA 7(a) financing with particularly strong presence in MN. 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.