Corn Belt Bank and Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Corn Belt Bank and Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $329K | $329K | 100.0% |
Geographic Distribution
SBA lending activity for Corn Belt Bank and Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $329K | 100.0% |
Why Choose Corn Belt Bank and Trust Company?
Based on SBA 7(a) lending track record from 2003-2003
- ✓Proven Track Record: 1 SBA loans approved, totaling $329K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $329K to $329K, with an average of $329K
- ✓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 Corn Belt Bank and Trust Company SBA lending
What types of businesses does Corn Belt Bank and Trust Company typically finance?
Corn Belt Bank and Trust Company specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Corn Belt Bank and Trust Company's typical SBA loan terms?
Corn Belt Bank and Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 240 months (approximately 20 years). Loan sizes range from $329K to $329K, with an average loan size of $329K.
Do I need a business valuation for a Corn Belt Bank and Trust Company SBA loan?
Yes, Corn Belt Bank and Trust Company 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 Corn Belt Bank and Trust Company compare to other SBA lenders?
Corn Belt Bank and Trust Company has originated 1 SBA loans totaling $329K since 2003. 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 Corn Belt Bank and Trust Company lend in?
Corn Belt Bank and Trust Company 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.
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