Community Bank Mankato
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Bank Mankato
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 448130 | Children's and Infants' Clothing Stores | 16 | $448K | $28K | 13.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $2.8M | $344K | 6.7% |
| 312130 | Wineries | 8 | $4.0M | $500K | 6.7% |
| 722513 | Limited-Service Restaurants | 8 | $1.2M | $150K | 6.7% |
| 531190 | Lessors of Other Real Estate Property | 8 | $520K | $65K | 6.7% |
| 524210 | Insurance Agencies and Brokerages | 8 | $280K | $35K | 6.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $2.0M | $244K | 6.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $2.2M | $280K | 6.7% |
| 624410 | Child Day Care Services | 8 | $400K | $50K | 6.7% |
| 541320 | Landscape Architectural Services | 8 | $1.1M | $140K | 6.7% |
Geographic Distribution
SBA lending activity for Community Bank Mankato by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 120 | $19.9M | 100.0% |
Why Choose Community Bank Mankato?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $19.9M in financing
- ✓Industry Expertise: Specialized focus on Children's and Infants' Clothing Stores, Lessors of Nonresidential Buildings (except Miniwarehouses), Wineries
- ✓Competitive Terms: Average interest rate of 4.90% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $25K to $500K, with an average of $166K
- ✓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 Community Bank Mankato SBA lending
What types of businesses does Community Bank Mankato typically finance?
Community Bank Mankato specializes in SBA 7(a) lending to specific industries including children's and infants' clothing stores, lessors of nonresidential buildings (except miniwarehouses), wineries, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Bank Mankato's typical SBA loan terms?
Community Bank Mankato's SBA 7(a) loans typically feature an average interest rate of 4.90% and average term length of 118 months (approximately 10 years). Loan sizes range from $25K to $500K, with an average loan size of $166K.
Do I need a business valuation for a Community Bank Mankato SBA loan?
Yes, Community Bank Mankato 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 Community Bank Mankato compare to other SBA lenders?
Community Bank Mankato has originated 120 SBA loans totaling $19.9M 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 Community Bank Mankato lend in?
Community Bank Mankato 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.
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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