Citizens Bank of the Midwest
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank of the Midwest · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $100K | $100K | 20.0% |
| 332813 | Electroplating, Plating, Polishing, Anodizing, and Coloring | 1 | $170K | $170K | 20.0% |
Geographic Distribution
SBA lending activity for Citizens Bank of the Midwest by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 5 | $494K | 100.0% |
Why Choose Citizens Bank of the Midwest?
Based on SBA 7(a) lending track record from 1996-1999
- ✓Proven Track Record: 5 SBA loans approved, totaling $494K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Electroplating, Plating, Polishing, Anodizing, and Coloring
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $24K to $170K, with an average of $99K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Citizens Bank of the Midwest SBA lending
What types of businesses does Citizens Bank of the Midwest typically finance?
Citizens Bank of the Midwest specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, electroplating, plating, polishing, anodizing, and coloring. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank of the Midwest's typical SBA loan terms?
Citizens Bank of the Midwest's SBA 7(a) loans typically feature an average interest rate of — and average term length of 98 months (approximately 8 years). Loan sizes range from $24K to $170K, with an average loan size of $99K.
Do I need a business valuation for a Citizens Bank of the Midwest SBA loan?
Yes, Citizens Bank of the Midwest 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 Citizens Bank of the Midwest compare to other SBA lenders?
Citizens Bank of the Midwest has originated 5 SBA loans totaling $494K since 1996. 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 Citizens Bank of the Midwest lend in?
Citizens Bank of the Midwest provides SBA 7(a) financing with particularly strong presence in MO. 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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Certified valuations are often required for SBA loans over $250,000.
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