Ben Franklin Bank of Illinois
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Ben Franklin Bank of Illinois · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $450K | $450K | 100.0% |
Geographic Distribution
SBA lending activity for Ben Franklin Bank of Illinois by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $450K | 100.0% |
Why Choose Ben Franklin Bank of Illinois?
Based on SBA 7(a) lending track record from 2005-2005
- ✓Proven Track Record: 1 SBA loans approved, totaling $450K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $450K to $450K, with an average of $450K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Ben Franklin Bank of Illinois SBA lending
What types of businesses does Ben Franklin Bank of Illinois typically finance?
Ben Franklin Bank of Illinois 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 Ben Franklin Bank of Illinois's typical SBA loan terms?
Ben Franklin Bank of Illinois's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $450K to $450K, with an average loan size of $450K.
Do I need a business valuation for a Ben Franklin Bank of Illinois SBA loan?
Yes, Ben Franklin Bank of Illinois 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 Ben Franklin Bank of Illinois compare to other SBA lenders?
Ben Franklin Bank of Illinois has originated 1 SBA loans totaling $450K since 2005. 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 Ben Franklin Bank of Illinois lend in?
Ben Franklin Bank of Illinois provides SBA 7(a) financing with particularly strong presence in 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.
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