Currie State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Currie State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541611 | Administrative Management and General Management Consulting Services | 1 | $20K | $20K | 11.1% |
| 713950 | Bowling Centers | 1 | $50K | $50K | 11.1% |
| 522310 | Mortgage and Nonmortgage Loan Brokers | 1 | $50K | $50K | 11.1% |
| 811111 | General Automotive Repair | 1 | $395K | $395K | 11.1% |
Geographic Distribution
SBA lending activity for Currie State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 9 | $781K | 100.0% |
Why Choose Currie State Bank?
Based on SBA 7(a) lending track record from 1995-2012
- ✓Proven Track Record: 9 SBA loans approved, totaling $781K in financing
- ✓Industry Expertise: Specialized focus on Administrative Management and General Management Consulting Services, Bowling Centers, Mortgage and Nonmortgage Loan Brokers
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $20K to $395K, with an average of $87K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Currie State Bank SBA lending
What types of businesses does Currie State Bank typically finance?
Currie State Bank specializes in SBA 7(a) lending to specific industries including administrative management and general management consulting services, bowling centers, mortgage and nonmortgage loan brokers, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Currie State Bank's typical SBA loan terms?
Currie State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 79 months (approximately 7 years). Loan sizes range from $20K to $395K, with an average loan size of $87K.
Do I need a business valuation for a Currie State Bank SBA loan?
Yes, Currie 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 Currie State Bank compare to other SBA lenders?
Currie State Bank has originated 9 SBA loans totaling $781K since 1995. 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 Currie State Bank lend in?
Currie State Bank provides SBA 7(a) financing with particularly strong presence in MN. 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.