De Witt Bank & Trust Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by De Witt Bank & Trust Co. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $115K | $58K | 5.4% |
| 722513 | Limited-Service Restaurants | 2 | $425K | $213K | 5.4% |
| 541330 | Engineering Services | 2 | $208K | $104K | 5.4% |
| 611610 | Fine Arts Schools | 1 | $18K | $18K | 2.7% |
| 441120 | Used Car Dealers | 1 | $70K | $70K | 2.7% |
| 722511 | Full-Service Restaurants | 1 | $340K | $340K | 2.7% |
| 621310 | Offices of Chiropractors | 1 | $22K | $22K | 2.7% |
| 323113 | Commercial Screen Printing | 1 | $132K | $132K | 2.7% |
| 111998 | All Other Miscellaneous Crop Farming | 1 | $30K | $30K | 2.7% |
| 541213 | Tax Preparation Services | 1 | $80K | $80K | 2.7% |
Geographic Distribution
SBA lending activity for De Witt Bank & Trust Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 36 | $5.7M | 97.3% |
| Wisconsin (WI) | 1 | $206K | 2.7% |
Why Choose De Witt Bank & Trust Co.?
Based on SBA 7(a) lending track record from 1991-2016
- ✓Proven Track Record: 37 SBA loans approved, totaling $5.9M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Limited-Service Restaurants, Engineering Services
- ✓Competitive Terms: Average interest rate of 5.28% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $18K to $1.4M, with an average of $160K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, WI
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 De Witt Bank & Trust Co. SBA lending
What types of businesses does De Witt Bank & Trust Co. typically finance?
De Witt Bank & Trust Co. specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), limited-service restaurants, engineering services, fine arts schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are De Witt Bank & Trust Co.'s typical SBA loan terms?
De Witt Bank & Trust Co.'s SBA 7(a) loans typically feature an average interest rate of 5.28% and average term length of 109 months (approximately 9 years). Loan sizes range from $18K to $1.4M, with an average loan size of $160K.
Do I need a business valuation for a De Witt Bank & Trust Co. SBA loan?
Yes, De Witt Bank & Trust Co. 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 De Witt Bank & Trust Co. compare to other SBA lenders?
De Witt Bank & Trust Co. has originated 37 SBA loans totaling $5.9M since 1991. 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 De Witt Bank & Trust Co. lend in?
De Witt Bank & Trust Co. provides SBA 7(a) financing with particularly strong presence in IA, WI. 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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