Commercial State Bank of Wagner
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Commercial State Bank of Wagner · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $574K | $287K | 9.5% |
| 423390 | Other Construction Material Merchant Wholesalers | 2 | $635K | $318K | 9.5% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $65K | $65K | 4.8% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $95K | $95K | 4.8% |
| 441222 | Boat Dealers | 1 | $120K | $120K | 4.8% |
| 713950 | Bowling Centers | 1 | $210K | $210K | 4.8% |
| 811192 | Car Washes | 1 | $365K | $365K | 4.8% |
Geographic Distribution
SBA lending activity for Commercial State Bank of Wagner by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 21 | $4.4M | 100.0% |
Why Choose Commercial State Bank of Wagner?
Based on SBA 7(a) lending track record from 1991-2015
- ✓Proven Track Record: 21 SBA loans approved, totaling $4.4M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Other Construction Material Merchant Wholesalers, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of 5.63% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $45K to $485K, with an average of $209K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SD
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 Commercial State Bank of Wagner SBA lending
What types of businesses does Commercial State Bank of Wagner typically finance?
Commercial State Bank of Wagner specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), other construction material merchant wholesalers, drinking places (alcoholic beverages), automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Commercial State Bank of Wagner's typical SBA loan terms?
Commercial State Bank of Wagner's SBA 7(a) loans typically feature an average interest rate of 5.63% and average term length of 126 months (approximately 11 years). Loan sizes range from $45K to $485K, with an average loan size of $209K.
Do I need a business valuation for a Commercial State Bank of Wagner SBA loan?
Yes, Commercial State Bank of Wagner 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 Commercial State Bank of Wagner compare to other SBA lenders?
Commercial State Bank of Wagner has originated 21 SBA loans totaling $4.4M since 1991. 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 Commercial State Bank of Wagner lend in?
Commercial State Bank of Wagner provides SBA 7(a) financing with particularly strong presence in SD. 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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Certified valuations are often required for SBA loans over $250,000.
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