Chemical Bank, A Division of
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Chemical Bank, A Division of · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 2 | $1.1M | $575K | 2.3% |
| 812112 | Beauty Salons | 2 | $195K | $98K | 2.3% |
| 812990 | All Other Personal Services | 2 | $115K | $58K | 2.3% |
| 621310 | Offices of Chiropractors | 2 | $208K | $104K | 2.3% |
| 811192 | Car Washes | 2 | $741K | $371K | 2.3% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $50K | $50K | 1.1% |
| 238990 | All Other Specialty Trade Contractors | 1 | $300K | $300K | 1.1% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $100K | $100K | 1.1% |
| 238320 | Painting and Wall Covering Contractors | 1 | $10K | $10K | 1.1% |
| 322299 | All Other Converted Paper Product Manufacturing | 1 | $55K | $55K | 1.1% |
Geographic Distribution
SBA lending activity for Chemical Bank, A Division of by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 78 | $11.0M | 88.6% |
| Ohio (OH) | 2 | $622K | 2.3% |
| Michigan (MI) | 5 | $493K | 5.7% |
| Illinois (IL) | 3 | $395K | 3.4% |
Why Choose Chemical Bank, A Division of?
Based on SBA 7(a) lending track record from 1993-2010
- ✓Proven Track Record: 88 SBA loans approved, totaling $12.5M in financing
- ✓Industry Expertise: Specialized focus on RV (Recreational Vehicle) Parks and Campgrounds, Beauty Salons, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $10K to $900K, with an average of $142K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in WI, MI, 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 Chemical Bank, A Division of SBA lending
What types of businesses does Chemical Bank, A Division of typically finance?
Chemical Bank, A Division of specializes in SBA 7(a) lending to specific industries including rv (recreational vehicle) parks and campgrounds, beauty salons, all other personal services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Chemical Bank, A Division of's typical SBA loan terms?
Chemical Bank, A Division of's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 106 months (approximately 9 years). Loan sizes range from $10K to $900K, with an average loan size of $142K.
Do I need a business valuation for a Chemical Bank, A Division of SBA loan?
Yes, Chemical Bank, A Division of 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 Chemical Bank, A Division of compare to other SBA lenders?
Chemical Bank, A Division of has originated 88 SBA loans totaling $12.5M since 1993. 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 Chemical Bank, A Division of lend in?
Chemical Bank, A Division of provides SBA 7(a) financing with particularly strong presence in WI, MI, IL, OH. 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.
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