Community State Bank of Rock Falls
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community State Bank of Rock Falls · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332618 | Other Fabricated Wire Product Manufacturing | 1 | $1.2M | $1.2M | 33.3% |
Geographic Distribution
SBA lending activity for Community State Bank of Rock Falls by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 3 | $3.2M | 100.0% |
Why Choose Community State Bank of Rock Falls?
Based on SBA 7(a) lending track record from 2011-2016
- ✓Proven Track Record: 3 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Other Fabricated Wire Product Manufacturing
- ✓Competitive Terms: Average interest rate of 5.42% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $60K to $2.0M, with an average of $1.1M
- ✓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 State Bank of Rock Falls SBA lending
What types of businesses does Community State Bank of Rock Falls typically finance?
Community State Bank of Rock Falls specializes in SBA 7(a) lending to specific industries including other fabricated wire product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community State Bank of Rock Falls's typical SBA loan terms?
Community State Bank of Rock Falls's SBA 7(a) loans typically feature an average interest rate of 5.42% and average term length of 72 months (approximately 6 years). Loan sizes range from $60K to $2.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Community State Bank of Rock Falls SBA loan?
Yes, Community State Bank of Rock Falls 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 State Bank of Rock Falls compare to other SBA lenders?
Community State Bank of Rock Falls has originated 3 SBA loans totaling $3.2M since 2011. 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 State Bank of Rock Falls lend in?
Community State Bank of Rock Falls 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.