Connections Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Connections Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $114K | $114K | 16.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $750K | $750K | 16.7% |
| 323111 | Commercial Printing (except Screen and Books) | 1 | $419K | $419K | 16.7% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $4.8M | $4.8M | 16.7% |
Geographic Distribution
SBA lending activity for Connections Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 6 | $6.3M | 100.0% |
Why Choose Connections Bank?
Based on SBA 7(a) lending track record from 1992-2016
- ✓Proven Track Record: 6 SBA loans approved, totaling $6.3M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Hotels (except Casino Hotels) and Motels, Commercial Printing (except Screen and Books)
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 163 months
- ✓Loan Range: Loan sizes from $114K to $4.8M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Connections Bank SBA lending
What types of businesses does Connections Bank typically finance?
Connections Bank specializes in SBA 7(a) lending to specific industries including beauty salons, hotels (except casino hotels) and motels, commercial printing (except screen and books), other miscellaneous nondurable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Connections Bank's typical SBA loan terms?
Connections Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 163 months (approximately 14 years). Loan sizes range from $114K to $4.8M, with an average loan size of $1.1M.
Do I need a business valuation for a Connections Bank SBA loan?
Yes, Connections 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 Connections Bank compare to other SBA lenders?
Connections Bank has originated 6 SBA loans totaling $6.3M since 1992. 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 Connections Bank lend in?
Connections Bank provides SBA 7(a) financing with particularly strong presence in MO. 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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