Bank of New Madrid
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of New Madrid · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $135K | $135K | 50.0% |
Geographic Distribution
SBA lending activity for Bank of New Madrid by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 2 | $170K | 100.0% |
Why Choose Bank of New Madrid?
Based on SBA 7(a) lending track record from 1995-2004
- ✓Proven Track Record: 2 SBA loans approved, totaling $170K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $35K to $135K, with an average of $85K
- ✓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 New Madrid SBA lending
What types of businesses does Bank of New Madrid typically finance?
Bank of New Madrid specializes in SBA 7(a) lending to specific industries including general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of New Madrid's typical SBA loan terms?
Bank of New Madrid's SBA 7(a) loans typically feature an average interest rate of — and average term length of 130 months (approximately 11 years). Loan sizes range from $35K to $135K, with an average loan size of $85K.
Do I need a business valuation for a Bank of New Madrid SBA loan?
Yes, Bank of New Madrid 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 New Madrid compare to other SBA lenders?
Bank of New Madrid has originated 2 SBA loans totaling $170K 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 of New Madrid lend in?
Bank of New Madrid 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.
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