Cedar Rapids Bank and Trust Company
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Cedar Rapids Bank and Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 24 | $2.2M | $93K | 10.3% |
| 325412 | Pharmaceutical Preparation Manufacturing | 16 | $61.8M | $3.9M | 6.9% |
| 444240 | Other | 16 | $2.5M | $155K | 6.9% |
| 441110 | New Car Dealers | 16 | $26.1M | $1.6M | 6.9% |
| 561730 | Landscaping Services | 16 | $5.7M | $355K | 6.9% |
| 111421 | Nursery and Tree Production | 8 | $800K | $100K | 3.4% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 8 | $1.3M | $166K | 3.4% |
| 621310 | Offices of Chiropractors | 8 | $872K | $109K | 3.4% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $3.9M | $486K | 3.4% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $1.0M | $130K | 3.4% |
Geographic Distribution
SBA lending activity for Cedar Rapids Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 216 | $152.5M | 93.1% |
| Oklahoma (OK) | 8 | $21.4M | 3.4% |
| Illinois (IL) | 8 | $7.4M | 3.4% |
Why Choose Cedar Rapids Bank and Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 232 SBA loans approved, totaling $181.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Pharmaceutical Preparation Manufacturing, Other
- ✓Competitive Terms: Average interest rate of 8.56% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $55K to $3.9M, with an average of $781K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IA, OK, IL
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 Cedar Rapids Bank and Trust Company SBA lending
What types of businesses does Cedar Rapids Bank and Trust Company typically finance?
Cedar Rapids Bank and Trust Company specializes in SBA 7(a) lending to specific industries including limited-service restaurants, pharmaceutical preparation manufacturing, other, new car dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cedar Rapids Bank and Trust Company's typical SBA loan terms?
Cedar Rapids Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of 8.56% and average term length of 111 months (approximately 9 years). Loan sizes range from $55K to $3.9M, with an average loan size of $781K.
Do I need a business valuation for a Cedar Rapids Bank and Trust Company SBA loan?
Yes, Cedar Rapids Bank and Trust Company 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 Cedar Rapids Bank and Trust Company compare to other SBA lenders?
Cedar Rapids Bank and Trust Company has originated 232 SBA loans totaling $181.3M 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 Cedar Rapids Bank and Trust Company lend in?
Cedar Rapids Bank and Trust Company provides SBA 7(a) financing with particularly strong presence in IA, OK, IL. 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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