Citizens State Bank Norwood Young America
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens State Bank Norwood Young America · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $120K | $120K | 16.7% |
| 811111 | General Automotive Repair | 1 | $250K | $250K | 16.7% |
Geographic Distribution
SBA lending activity for Citizens State Bank Norwood Young America by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 6 | $957K | 100.0% |
Why Choose Citizens State Bank Norwood Young America?
Based on SBA 7(a) lending track record from 1991-1999
- ✓Proven Track Record: 6 SBA loans approved, totaling $957K in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 131 months
- ✓Loan Range: Loan sizes from $24K to $425K, with an average of $160K
- ✓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 State Bank Norwood Young America SBA lending
What types of businesses does Citizens State Bank Norwood Young America typically finance?
Citizens State Bank Norwood Young America specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank Norwood Young America's typical SBA loan terms?
Citizens State Bank Norwood Young America's SBA 7(a) loans typically feature an average interest rate of — and average term length of 131 months (approximately 11 years). Loan sizes range from $24K to $425K, with an average loan size of $160K.
Do I need a business valuation for a Citizens State Bank Norwood Young America SBA loan?
Yes, Citizens State Bank Norwood Young America 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 State Bank Norwood Young America compare to other SBA lenders?
Citizens State Bank Norwood Young America has originated 6 SBA loans totaling $957K since 1991. 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 State Bank Norwood Young America lend in?
Citizens State Bank Norwood Young America 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.
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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