Blue Grass Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Blue Grass Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $140K | $140K | 14.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $81K | $81K | 14.3% |
| 541921 | Photography Studios, Portrait | 1 | $100K | $100K | 14.3% |
| 621310 | Offices of Chiropractors | 1 | $75K | $75K | 14.3% |
Geographic Distribution
SBA lending activity for Blue Grass Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 7 | $576K | 100.0% |
Why Choose Blue Grass Savings Bank?
Based on SBA 7(a) lending track record from 1991-2011
- ✓Proven Track Record: 7 SBA loans approved, totaling $576K in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Coin-Operated Laundries and Drycleaners, Photography Studios, Portrait
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 83 months
- ✓Loan Range: Loan sizes from $15K to $140K, with an average of $82K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Blue Grass Savings Bank SBA lending
What types of businesses does Blue Grass Savings Bank typically finance?
Blue Grass Savings Bank specializes in SBA 7(a) lending to specific industries including landscaping services, coin-operated laundries and drycleaners, photography studios, portrait, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Blue Grass Savings Bank's typical SBA loan terms?
Blue Grass Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 83 months (approximately 7 years). Loan sizes range from $15K to $140K, with an average loan size of $82K.
Do I need a business valuation for a Blue Grass Savings Bank SBA loan?
Yes, Blue Grass Savings Bank 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 Blue Grass Savings Bank compare to other SBA lenders?
Blue Grass Savings Bank has originated 7 SBA loans totaling $576K 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 Blue Grass Savings Bank lend in?
Blue Grass Savings Bank provides SBA 7(a) financing with particularly strong presence in IA. 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?
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