Citizens State Bank of Cropsey
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens State Bank of Cropsey · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327320 | Ready-Mix Concrete Manufacturing | 1 | $1.6M | $1.6M | 100.0% |
Geographic Distribution
SBA lending activity for Citizens State Bank of Cropsey by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $1.6M | 100.0% |
Why Choose Citizens State Bank of Cropsey?
Based on SBA 7(a) lending track record from 2008-2008
- ✓Proven Track Record: 1 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Ready-Mix Concrete Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 192 months
- ✓Loan Range: Loan sizes from $1.6M to $1.6M, with an average of $1.6M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Citizens State Bank of Cropsey SBA lending
What types of businesses does Citizens State Bank of Cropsey typically finance?
Citizens State Bank of Cropsey specializes in SBA 7(a) lending to specific industries including ready-mix concrete manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank of Cropsey's typical SBA loan terms?
Citizens State Bank of Cropsey's SBA 7(a) loans typically feature an average interest rate of — and average term length of 192 months (approximately 16 years). Loan sizes range from $1.6M to $1.6M, with an average loan size of $1.6M.
Do I need a business valuation for a Citizens State Bank of Cropsey SBA loan?
Yes, Citizens State Bank of Cropsey 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 of Cropsey compare to other SBA lenders?
Citizens State Bank of Cropsey has originated 1 SBA loans totaling $1.6M since 2008. 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 of Cropsey lend in?
Citizens State Bank of Cropsey provides SBA 7(a) financing with particularly strong presence in IL. 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.
Get your certified valuation from Fair Market Value.