Cleveland State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cleveland State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 4 | $5.7M | $1.4M | 8.5% |
| 621310 | Offices of Chiropractors | 4 | $707K | $177K | 8.5% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 3 | $179K | $60K | 6.4% |
| 812112 | Beauty Salons | 3 | $1.0M | $337K | 6.4% |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $3.7M | $1.2M | 6.4% |
| 561730 | Landscaping Services | 3 | $499K | $166K | 6.4% |
| 722511 | Full-Service Restaurants | 3 | $1.5M | $500K | 6.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $495K | $248K | 4.3% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $196K | $98K | 4.3% |
| 424450 | Confectionery Merchant Wholesalers | 2 | $350K | $175K | 4.3% |
Geographic Distribution
SBA lending activity for Cleveland State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 47 | $20.1M | 100.0% |
Why Choose Cleveland State Bank?
Based on SBA 7(a) lending track record from 2019-2026
- ✓Proven Track Record: 47 SBA loans approved, totaling $20.1M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Offices of Chiropractors, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 6.21% with flexible term lengths averaging 182 months
- ✓Loan Range: Loan sizes from $20K to $3.7M, with an average of $427K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WI
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 Cleveland State Bank SBA lending
What types of businesses does Cleveland State Bank typically finance?
Cleveland State Bank specializes in SBA 7(a) lending to specific industries including machine shops, offices of chiropractors, specialized freight (except used goods) trucking, local, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cleveland State Bank's typical SBA loan terms?
Cleveland State Bank's SBA 7(a) loans typically feature an average interest rate of 6.21% and average term length of 182 months (approximately 15 years). Loan sizes range from $20K to $3.7M, with an average loan size of $427K.
Do I need a business valuation for a Cleveland State Bank SBA loan?
Yes, Cleveland State Bank 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 Cleveland State Bank compare to other SBA lenders?
Cleveland State Bank has originated 47 SBA loans totaling $20.1M since 2019. 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 Cleveland State Bank lend in?
Cleveland State Bank provides SBA 7(a) financing with particularly strong presence in WI. 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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