Clare Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Clare Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623990 | Other Residential Care Facilities | 4 | $4.6M | $1.2M | 14.3% |
| 485410 | School and Employee Bus Transportation | 3 | $1.2M | $405K | 10.7% |
| 722513 | Limited-Service Restaurants | 3 | $2.4M | $806K | 10.7% |
| 623312 | Assisted Living Facilities for the Elderly | 3 | $3.2M | $1.1M | 10.7% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | $3.7M | $1.9M | 7.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $215K | $215K | 3.6% |
| 621310 | Offices of Chiropractors | 1 | $45K | $45K | 3.6% |
| 811111 | General Automotive Repair | 1 | $85K | $85K | 3.6% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $217K | $217K | 3.6% |
| 624410 | Child Care Services | 1 | $33K | $33K | 3.6% |
Geographic Distribution
SBA lending activity for Clare Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 19 | $10.5M | 67.9% |
| Montana (MT) | 6 | $6.5M | 21.4% |
| Iowa (IA) | 2 | $1.5M | 7.1% |
| Minnesota (MN) | 1 | $570K | 3.6% |
Why Choose Clare Bank, National Association?
Based on SBA 7(a) lending track record from 1996-2024
- ✓Proven Track Record: 28 SBA loans approved, totaling $19.1M in financing
- ✓Industry Expertise: Specialized focus on Other Residential Care Facilities, School and Employee Bus Transportation, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.53% with flexible term lengths averaging 201 months
- ✓Loan Range: Loan sizes from $30K to $2.3M, with an average of $683K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in WI, MT, 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 Clare Bank, National Association SBA lending
What types of businesses does Clare Bank, National Association typically finance?
Clare Bank, National Association specializes in SBA 7(a) lending to specific industries including other residential care facilities, school and employee bus transportation, limited-service restaurants, assisted living facilities for the elderly. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Clare Bank, National Association's typical SBA loan terms?
Clare Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.53% and average term length of 201 months (approximately 17 years). Loan sizes range from $30K to $2.3M, with an average loan size of $683K.
Do I need a business valuation for a Clare Bank, National Association SBA loan?
Yes, Clare Bank, National Association 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 Clare Bank, National Association compare to other SBA lenders?
Clare Bank, National Association has originated 28 SBA loans totaling $19.1M since 1996. 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 Clare Bank, National Association lend in?
Clare Bank, National Association provides SBA 7(a) financing with particularly strong presence in WI, MT, IA, 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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