Corydon State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Corydon State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 331315 | Aluminum Sheet, Plate, and Foil Manufacturing | 1 | $35K | $35K | 50.0% |
Geographic Distribution
SBA lending activity for Corydon State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 2 | $70K | 100.0% |
Why Choose Corydon State Bank?
Based on SBA 7(a) lending track record from 1997-1998
- ✓Proven Track Record: 2 SBA loans approved, totaling $70K in financing
- ✓Industry Expertise: Specialized focus on Aluminum Sheet, Plate, and Foil Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $35K to $35K, with an average of $35K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Corydon State Bank SBA lending
What types of businesses does Corydon State Bank typically finance?
Corydon State Bank specializes in SBA 7(a) lending to specific industries including aluminum sheet, plate, and foil manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Corydon State Bank's typical SBA loan terms?
Corydon State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 137 months (approximately 11 years). Loan sizes range from $35K to $35K, with an average loan size of $35K.
Do I need a business valuation for a Corydon State Bank SBA loan?
Yes, Corydon State 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 Corydon State Bank compare to other SBA lenders?
Corydon State Bank has originated 2 SBA loans totaling $70K since 1997. 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 Corydon State Bank lend in?
Corydon State Bank provides SBA 7(a) financing with particularly strong presence in IA. 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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