Citizens State Bank of New Castle
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Citizens State Bank of New Castle
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 56 | $12.4M | $222K | 4.9% |
| 722511 | Full-Service Restaurants | 48 | $17.0M | $354K | 4.2% |
| 236118 | Residential Remodelers | 40 | $3.6M | $91K | 3.5% |
| 541890 | Other Services Related to Advertising | 32 | $34.5M | $1.1M | 2.8% |
| 484110 | General Freight Trucking, Local | 32 | $2.6M | $80K | 2.8% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $6.9M | $214K | 2.8% |
| 621310 | Offices of Chiropractors | 32 | $4.7M | $148K | 2.8% |
| 541990 | All Other Professional, Scientific, and Technical Services | 32 | $10.5M | $329K | 2.8% |
| 236220 | Commercial and Institutional Building Construction | 24 | $6.8M | $283K | 2.1% |
| 811111 | General Automotive Repair | 24 | $21.8M | $907K | 2.1% |
Geographic Distribution
SBA lending activity for Citizens State Bank of New Castle by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 1,096 | $294.6M | 96.5% |
| Tennessee (TN) | 16 | $49.1M | 1.4% |
| Iowa (IA) | 16 | $4.4M | 1.4% |
| Illinois (IL) | 8 | $2.8M | 0.7% |
Why Choose Citizens State Bank of New Castle?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,136 SBA loans approved, totaling $350.9M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, Residential Remodelers
- ✓Competitive Terms: Average interest rate of 8.25% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $309K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in IN, TN, IA
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 New Castle SBA lending
What types of businesses does Citizens State Bank of New Castle typically finance?
Citizens State Bank of New Castle specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, residential remodelers, other services related to advertising. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank of New Castle's typical SBA loan terms?
Citizens State Bank of New Castle's SBA 7(a) loans typically feature an average interest rate of 8.25% and average term length of 141 months (approximately 12 years). Loan sizes range from $25K to $5.0M, with an average loan size of $309K.
Do I need a business valuation for a Citizens State Bank of New Castle SBA loan?
Yes, Citizens State Bank of New Castle 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 New Castle compare to other SBA lenders?
Citizens State Bank of New Castle has originated 1,136 SBA loans totaling $350.9M 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 New Castle lend in?
Citizens State Bank of New Castle provides SBA 7(a) financing with particularly strong presence in IN, TN, IA, 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.
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