DeMotte State Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by DeMotte State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $2.9M | $360K | 50.0% |
| 621310 | Offices of Chiropractors | 8 | $1.3M | $158K | 50.0% |
Geographic Distribution
SBA lending activity for DeMotte State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 16 | $4.1M | 100.0% |
Why Choose DeMotte State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.95% with flexible term lengths averaging 169 months
- ✓Loan Range: Loan sizes from $158K to $360K, with an average of $259K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 DeMotte State Bank SBA lending
What types of businesses does DeMotte State Bank typically finance?
DeMotte State Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are DeMotte State Bank's typical SBA loan terms?
DeMotte State Bank's SBA 7(a) loans typically feature an average interest rate of 6.95% and average term length of 169 months (approximately 14 years). Loan sizes range from $158K to $360K, with an average loan size of $259K.
Do I need a business valuation for a DeMotte State Bank SBA loan?
Yes, DeMotte 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 DeMotte State Bank compare to other SBA lenders?
DeMotte State Bank has originated 16 SBA loans totaling $4.1M since 2020. 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 DeMotte State Bank lend in?
DeMotte State Bank provides SBA 7(a) financing with particularly strong presence in IN. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.