Border Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Border Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 442110 | Furniture Stores | 16 | $20.3M | $1.3M | 33.3% |
| 721199 | All Other Traveler Accommodation | 8 | $132K | $17K | 16.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.0M | $255K | 16.7% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 8 | $1.2M | $149K | 16.7% |
| 449110 | Other | 8 | $2.0M | $250K | 16.7% |
Geographic Distribution
SBA lending activity for Border Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 40 | $25.6M | 83.3% |
| Minnesota (MN) | 8 | $132K | 16.7% |
Why Choose Border Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $25.7M in financing
- ✓Industry Expertise: Specialized focus on Furniture Stores, All Other Traveler Accommodation, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 5.51% with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $17K to $2.4M, with an average of $535K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, MN
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 Border Bank SBA lending
What types of businesses does Border Bank typically finance?
Border Bank specializes in SBA 7(a) lending to specific industries including furniture stores, all other traveler accommodation, snack and nonalcoholic beverage bars, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Border Bank's typical SBA loan terms?
Border Bank's SBA 7(a) loans typically feature an average interest rate of 5.51% and average term length of 75 months (approximately 6 years). Loan sizes range from $17K to $2.4M, with an average loan size of $535K.
Do I need a business valuation for a Border Bank SBA loan?
Yes, Border 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 Border Bank compare to other SBA lenders?
Border Bank has originated 48 SBA loans totaling $25.7M 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 Border Bank lend in?
Border Bank provides SBA 7(a) financing with particularly strong presence in ND, MN. 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.
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