Core Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Core Bank · FY 2025
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621320 | Offices of Optometrists | 1 | $1.8M | $1.8M | 50.0% |
| 541110 | Offices of Lawyers | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Core Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $1.8M | 50.0% |
| Nebraska (NE) | 1 | $150K | 50.0% |
Why Choose Core Bank?
Based on SBA 7(a) lending track record in FY 2025
- ✓Proven Track Record: 2 SBA loans approved, totaling $2.0M in financing
- ✓Industry Expertise: Specialized focus on Offices of Optometrists, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 9.00% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $150K to $1.8M, with an average of $997K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, NE
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 Core Bank SBA lending
What types of businesses does Core Bank typically finance?
Core Bank specializes in SBA 7(a) lending to specific industries including offices of optometrists, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Core Bank's typical SBA loan terms?
Core Bank's SBA 7(a) loans typically feature an average interest rate of 9.00% and average term length of 126 months (approximately 11 years). Loan sizes range from $150K to $1.8M, with an average loan size of $997K.
Do I need a business valuation for a Core Bank SBA loan?
Yes, Core 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 Core Bank compare to other SBA lenders?
Core Bank has originated 2 SBA loans totaling $2.0M in FY 2025. 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 Core Bank lend in?
Core Bank provides SBA 7(a) financing with particularly strong presence in IA, NE. 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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