Citizens Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112210 | Hog and Pig Farming | 2 | $488K | $244K | 14.3% |
| 112310 | Chicken Egg Production | 1 | $2.0M | $2.0M | 7.1% |
| 115113 | Crop Harvesting, Primarily by Machine | 1 | $500K | $500K | 7.1% |
| 611519 | Other Technical and Trade Schools | 1 | $100K | $100K | 7.1% |
| 541110 | Offices of Lawyers | 1 | $25K | $25K | 7.1% |
Geographic Distribution
SBA lending activity for Citizens Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 11 | $3.8M | 78.6% |
| Minnesota (MN) | 2 | $284K | 14.3% |
| Louisiana (LA) | 1 | $100K | 7.1% |
Why Choose Citizens Savings Bank?
Based on SBA 7(a) lending track record from 1992-2012
- ✓Proven Track Record: 14 SBA loans approved, totaling $4.2M in financing
- ✓Industry Expertise: Specialized focus on Hog and Pig Farming, Chicken Egg Production, Crop Harvesting, Primarily by Machine
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $25K to $2.0M, with an average of $300K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IA, MN, LA
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 Savings Bank SBA lending
What types of businesses does Citizens Savings Bank typically finance?
Citizens Savings Bank specializes in SBA 7(a) lending to specific industries including hog and pig farming, chicken egg production, crop harvesting, primarily by machine, other technical and trade schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Savings Bank's typical SBA loan terms?
Citizens Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 96 months (approximately 8 years). Loan sizes range from $25K to $2.0M, with an average loan size of $300K.
Do I need a business valuation for a Citizens Savings Bank SBA loan?
Yes, Citizens Savings 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 Citizens Savings Bank compare to other SBA lenders?
Citizens Savings Bank has originated 14 SBA loans totaling $4.2M since 1992. 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 Savings Bank lend in?
Citizens Savings Bank provides SBA 7(a) financing with particularly strong presence in IA, MN, LA. 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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