Community Bank of Elmhurst
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Bank of Elmhurst · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 2 | $127K | $63K | 6.3% |
| 321920 | Wood Container and Pallet Manufacturing | 1 | $50K | $50K | 3.1% |
| 541511 | Custom Computer Programming Services | 1 | $100K | $100K | 3.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $85K | $85K | 3.1% |
| 811192 | Car Washes | 1 | $20K | $20K | 3.1% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $150K | $150K | 3.1% |
| 334513 | Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables | 1 | $100K | $100K | 3.1% |
| 541940 | Veterinary Services | 1 | $85K | $85K | 3.1% |
Geographic Distribution
SBA lending activity for Community Bank of Elmhurst by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 32 | $2.5M | 100.0% |
Why Choose Community Bank of Elmhurst?
Based on SBA 7(a) lending track record from 1993-2004
- ✓Proven Track Record: 32 SBA loans approved, totaling $2.5M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Wood Container and Pallet Manufacturing, Custom Computer Programming Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 69 months
- ✓Loan Range: Loan sizes from $20K to $282K, with an average of $80K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 of Elmhurst SBA lending
What types of businesses does Community Bank of Elmhurst typically finance?
Community Bank of Elmhurst specializes in SBA 7(a) lending to specific industries including offices of chiropractors, wood container and pallet manufacturing, custom computer programming services, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Bank of Elmhurst's typical SBA loan terms?
Community Bank of Elmhurst's SBA 7(a) loans typically feature an average interest rate of — and average term length of 69 months (approximately 6 years). Loan sizes range from $20K to $282K, with an average loan size of $80K.
Do I need a business valuation for a Community Bank of Elmhurst SBA loan?
Yes, Community Bank of Elmhurst 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 of Elmhurst compare to other SBA lenders?
Community Bank of Elmhurst has originated 32 SBA loans totaling $2.5M since 1993. 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 of Elmhurst lend in?
Community Bank of Elmhurst provides SBA 7(a) financing with particularly strong presence in IL. 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.
Get your certified valuation from Fair Market Value.