Clear Lake Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Clear Lake Bank & Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 40 | $4.1M | $103K | 11.4% |
| 448150 | Clothing Accessories Stores | 32 | $1.3M | $40K | 9.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 32 | $17.9M | $561K | 9.1% |
| 722511 | Full-Service Restaurants | 24 | $2.9M | $122K | 6.8% |
| 562991 | Septic Tank and Related Services | 16 | $4.1M | $253K | 4.5% |
| 238210 | Electrical Contractors | 16 | $4.0M | $250K | 4.5% |
| 562910 | Remediation Services | 16 | $12.8M | $798K | 4.5% |
| 531311 | Residential Property Managers | 16 | $11.1M | $694K | 4.5% |
| 423820 | Farm and Garden Machinery and Equipment Merchant Wholesalers | 16 | $3.8M | $238K | 4.5% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $2.8M | $350K | 2.3% |
Geographic Distribution
SBA lending activity for Clear Lake Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 320 | $94.2M | 90.9% |
| Minnesota (MN) | 32 | $1.3M | 9.1% |
Why Choose Clear Lake Bank & Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 352 SBA loans approved, totaling $95.5M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Clothing Accessories Stores, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 5.70% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $10K to $1.8M, with an average of $271K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, 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 Clear Lake Bank & Trust Company SBA lending
What types of businesses does Clear Lake Bank & Trust Company typically finance?
Clear Lake Bank & Trust Company specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, clothing accessories stores, automotive body, paint, and interior repair and maintenance, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Clear Lake Bank & Trust Company's typical SBA loan terms?
Clear Lake Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of 5.70% and average term length of 110 months (approximately 9 years). Loan sizes range from $10K to $1.8M, with an average loan size of $271K.
Do I need a business valuation for a Clear Lake Bank & Trust Company SBA loan?
Yes, Clear Lake Bank & Trust Company 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 Clear Lake Bank & Trust Company compare to other SBA lenders?
Clear Lake Bank & Trust Company has originated 352 SBA loans totaling $95.5M 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 Clear Lake Bank & Trust Company lend in?
Clear Lake Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in 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?
Professional valuations are often required for SBA loans over $250,000.
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