Boone Bank & Trust Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Boone Bank & Trust Co.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 442210 | Floor Covering Stores | 8 | $5.0M | $620K | 100.0% |
Geographic Distribution
SBA lending activity for Boone Bank & Trust Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 8 | $5.0M | 100.0% |
Why Choose Boone Bank & Trust Co.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $5.0M in financing
- ✓Industry Expertise: Specialized focus on Floor Covering Stores
- ✓Competitive Terms: Average interest rate of 3.75% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $620K to $620K, with an average of $620K
- ✓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 Boone Bank & Trust Co. SBA lending
What types of businesses does Boone Bank & Trust Co. typically finance?
Boone Bank & Trust Co. specializes in SBA 7(a) lending to specific industries including floor covering stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Boone Bank & Trust Co.'s typical SBA loan terms?
Boone Bank & Trust Co.'s SBA 7(a) loans typically feature an average interest rate of 3.75% and average term length of 120 months (approximately 10 years). Loan sizes range from $620K to $620K, with an average loan size of $620K.
Do I need a business valuation for a Boone Bank & Trust Co. SBA loan?
Yes, Boone Bank & Trust Co. 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 Boone Bank & Trust Co. compare to other SBA lenders?
Boone Bank & Trust Co. has originated 8 SBA loans totaling $5.0M since 2020. 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 Boone Bank & Trust Co. lend in?
Boone Bank & Trust Co. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.