Citizens Bank & Trust Co
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Citizens Bank & Trust Co
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 40 | $2.9M | $73K | 6.0% |
| 621310 | Offices of Chiropractors | 40 | $1.7M | $42K | 6.0% |
| 445210 | Meat Markets | 24 | $2.6M | $110K | 3.6% |
| 621420 | Outpatient Mental Health and Substance Abuse Centers | 24 | $3.0M | $125K | 3.6% |
| 811111 | General Automotive Repair | 24 | $2.1M | $88K | 3.6% |
| 458110 | Other | 24 | $912K | $38K | 3.6% |
| 551112 | Offices of Other Holding Companies | 24 | $11.9M | $495K | 3.6% |
| 722513 | Limited-Service Restaurants | 24 | $3.1M | $129K | 3.6% |
| 238210 | Electrical Contractors | 24 | $648K | $27K | 3.6% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $3.4M | $215K | 2.4% |
Geographic Distribution
SBA lending activity for Citizens Bank & Trust Co by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 664 | $99.5M | 100.0% |
Why Choose Citizens Bank & Trust Co?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 664 SBA loans approved, totaling $99.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Chiropractors, Meat Markets
- ✓Competitive Terms: Average interest rate of 6.81% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $5K to $1.5M, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Citizens Bank & Trust Co SBA lending
What types of businesses does Citizens Bank & Trust Co typically finance?
Citizens Bank & Trust Co specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of chiropractors, meat markets, outpatient mental health and substance abuse centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank & Trust Co's typical SBA loan terms?
Citizens Bank & Trust Co's SBA 7(a) loans typically feature an average interest rate of 6.81% and average term length of 90 months (approximately 8 years). Loan sizes range from $5K to $1.5M, with an average loan size of $150K.
Do I need a business valuation for a Citizens Bank & Trust Co SBA loan?
Yes, Citizens Bank & Trust Co 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 & Trust Co compare to other SBA lenders?
Citizens Bank & Trust Co has originated 664 SBA loans totaling $99.5M 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 Citizens Bank & Trust Co lend in?
Citizens Bank & Trust Co provides SBA 7(a) financing with particularly strong presence in 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.
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Professional valuations are often required for SBA loans over $250,000.
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