Bank Star
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank Star · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812111 | Barber Shops | 2 | $115K | $57K | 9.5% |
| 812112 | Beauty Salons | 2 | $551K | $275K | 9.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 2 | $285K | $143K | 9.5% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 1 | $36K | $36K | 4.8% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 1 | $63K | $63K | 4.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $2.5M | $2.5M | 4.8% |
| 621210 | Offices of Dentists | 1 | $65K | $65K | 4.8% |
| 561730 | Landscaping Services | 1 | $180K | $180K | 4.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $234K | $234K | 4.8% |
| 541219 | Other Accounting Services | 1 | $190K | $190K | 4.8% |
Geographic Distribution
SBA lending activity for Bank Star by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 20 | $7.3M | 95.2% |
| Illinois (IL) | 1 | $190K | 4.8% |
Why Choose Bank Star?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 21 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Barber Shops, Beauty Salons, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of 6.64% with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $30K to $2.5M, with an average of $356K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MO, IL
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 Star SBA lending
What types of businesses does Bank Star typically finance?
Bank Star specializes in SBA 7(a) lending to specific industries including barber shops, beauty salons, all other professional, scientific, and technical services, all other miscellaneous wood product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank Star's typical SBA loan terms?
Bank Star's SBA 7(a) loans typically feature an average interest rate of 6.64% and average term length of 131 months (approximately 11 years). Loan sizes range from $30K to $2.5M, with an average loan size of $356K.
Do I need a business valuation for a Bank Star SBA loan?
Yes, Bank Star 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 Star compare to other SBA lenders?
Bank Star has originated 21 SBA loans totaling $7.5M 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 Star lend in?
Bank Star provides SBA 7(a) financing with particularly strong presence in MO, IL. 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.