Bridge Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bridge Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $228K | $76K | 9.1% |
| 541890 | Other Services Related to Advertising | 2 | $65K | $33K | 6.1% |
| 621310 | Offices of Chiropractors | 2 | $95K | $48K | 6.1% |
| 811111 | General Automotive Repair | 2 | $215K | $108K | 6.1% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 1 | $350K | $350K | 3.0% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $40K | $40K | 3.0% |
| 561730 | Landscaping Services | 1 | $30K | $30K | 3.0% |
| 423330 | Roofing, Siding, and Insulation Material Merchant Wholesalers | 1 | $350K | $350K | 3.0% |
| 339999 | All Other Miscellaneous Manufacturing | 1 | $39K | $39K | 3.0% |
| 238160 | Roofing Contractors | 1 | $100K | $100K | 3.0% |
Geographic Distribution
SBA lending activity for Bridge Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 33 | $3.3M | 100.0% |
Why Choose Bridge Community Bank?
Based on SBA 7(a) lending track record from 1994-2021
- ✓Proven Track Record: 33 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Other Services Related to Advertising, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 5.43% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $13K to $452K, with an average of $99K
- ✓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 Bridge Community Bank SBA lending
What types of businesses does Bridge Community Bank typically finance?
Bridge Community Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), other services related to advertising, offices of chiropractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bridge Community Bank's typical SBA loan terms?
Bridge Community Bank's SBA 7(a) loans typically feature an average interest rate of 5.43% and average term length of 97 months (approximately 8 years). Loan sizes range from $13K to $452K, with an average loan size of $99K.
Do I need a business valuation for a Bridge Community Bank SBA loan?
Yes, Bridge Community 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 Bridge Community Bank compare to other SBA lenders?
Bridge Community Bank has originated 33 SBA loans totaling $3.3M since 1994. 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 Bridge Community Bank lend in?
Bridge Community 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?
Certified valuations are often required for SBA loans over $250,000.
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