Boonville Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Boonville Federal Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 2 | $194K | $97K | 66.7% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $10K | $10K | 33.3% |
Geographic Distribution
SBA lending activity for Boonville Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 3 | $204K | 100.0% |
Why Choose Boonville Federal Savings Bank?
Based on SBA 7(a) lending track record from 2003-2006
- ✓Proven Track Record: 3 SBA loans approved, totaling $204K in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $10K to $98K, with an average of $68K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Boonville Federal Savings Bank SBA lending
What types of businesses does Boonville Federal Savings Bank typically finance?
Boonville Federal Savings Bank specializes in SBA 7(a) lending to specific industries including offices of chiropractors, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Boonville Federal Savings Bank's typical SBA loan terms?
Boonville Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 116 months (approximately 10 years). Loan sizes range from $10K to $98K, with an average loan size of $68K.
Do I need a business valuation for a Boonville Federal Savings Bank SBA loan?
Yes, Boonville Federal 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 Boonville Federal Savings Bank compare to other SBA lenders?
Boonville Federal Savings Bank has originated 3 SBA loans totaling $204K since 2003. 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 Boonville Federal Savings Bank lend in?
Boonville Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in IN. 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.
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