Citizens State Bank of La Crosse
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Citizens State Bank of La Crosse
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611610 | Fine Arts Schools | 24 | $3.2M | $135K | 5.6% |
| 812112 | Beauty Salons | 24 | $1.9M | $78K | 5.6% |
| 722511 | Full-Service Restaurants | 24 | $3.0M | $127K | 5.6% |
| 484110 | General Freight Trucking, Local | 24 | $3.8M | $157K | 5.6% |
| 311421 | Fruit and Vegetable Canning | 16 | $800K | $50K | 3.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $3.0M | $186K | 3.7% |
| 722513 | Limited-Service Restaurants | 16 | $878K | $55K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.3M | $79K | 3.7% |
| 812199 | Other Personal Care Services | 16 | $1.4M | $88K | 3.7% |
| 811111 | General Automotive Repair | 16 | $2.0M | $128K | 3.7% |
Geographic Distribution
SBA lending activity for Citizens State Bank of La Crosse by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 344 | $75.5M | 79.6% |
| Minnesota (MN) | 80 | $25.6M | 18.5% |
| Illinois (IL) | 8 | $800K | 1.9% |
Why Choose Citizens State Bank of La Crosse?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 432 SBA loans approved, totaling $101.9M in financing
- ✓Industry Expertise: Specialized focus on Fine Arts Schools, Beauty Salons, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.52% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $10K to $2.0M, with an average of $236K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in WI, MN, 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 La Crosse SBA lending
What types of businesses does Citizens State Bank of La Crosse typically finance?
Citizens State Bank of La Crosse specializes in SBA 7(a) lending to specific industries including fine arts schools, beauty salons, full-service restaurants, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank of La Crosse's typical SBA loan terms?
Citizens State Bank of La Crosse's SBA 7(a) loans typically feature an average interest rate of 7.52% and average term length of 97 months (approximately 8 years). Loan sizes range from $10K to $2.0M, with an average loan size of $236K.
Do I need a business valuation for a Citizens State Bank of La Crosse SBA loan?
Yes, Citizens State Bank of La Crosse 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 La Crosse compare to other SBA lenders?
Citizens State Bank of La Crosse has originated 432 SBA loans totaling $101.9M 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 State Bank of La Crosse lend in?
Citizens State Bank of La Crosse provides SBA 7(a) financing with particularly strong presence in WI, MN, 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.