Citizens State Bank of Waverly, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens State Bank of Waverly, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 447110 | Gasoline Stations with Convenience Stores | 8 | $16.7M | $2.1M | 100.0% |
Geographic Distribution
SBA lending activity for Citizens State Bank of Waverly, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $16.7M | 100.0% |
Why Choose Citizens State Bank of Waverly, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $16.7M in financing
- ✓Industry Expertise: Specialized focus on Gasoline Stations with Convenience Stores
- ✓Competitive Terms: Average interest rate of 4.75% with flexible term lengths averaging 306 months
- ✓Loan Range: Loan sizes from $2.1M to $2.1M, with an average of $2.1M
- ✓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 of Waverly, Inc. SBA lending
What types of businesses does Citizens State Bank of Waverly, Inc. typically finance?
Citizens State Bank of Waverly, Inc. specializes in SBA 7(a) lending to specific industries including gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank of Waverly, Inc.'s typical SBA loan terms?
Citizens State Bank of Waverly, Inc.'s SBA 7(a) loans typically feature an average interest rate of 4.75% and average term length of 306 months (approximately 26 years). Loan sizes range from $2.1M to $2.1M, with an average loan size of $2.1M.
Do I need a business valuation for a Citizens State Bank of Waverly, Inc. SBA loan?
Yes, Citizens State Bank of Waverly, Inc. 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 Waverly, Inc. compare to other SBA lenders?
Citizens State Bank of Waverly, Inc. has originated 8 SBA loans totaling $16.7M 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 Waverly, Inc. lend in?
Citizens State Bank of Waverly, Inc. 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.
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Professional valuations are often required for SBA loans over $250,000.
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