Earlham Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Earlham Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713950 | Bowling Centers | 2 | $2.5M | $1.3M | 5.0% |
| 493130 | Farm Product Warehousing and Storage | 2 | $135K | $68K | 5.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $118K | $59K | 5.0% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $94K | $94K | 2.5% |
| 811122 | Automotive Glass Replacement Shops | 1 | $74K | $74K | 2.5% |
| 621310 | Offices of Chiropractors | 1 | $20K | $20K | 2.5% |
| 811192 | Car Washes | 1 | $1.2M | $1.2M | 2.5% |
| 621391 | Offices of Podiatrists | 1 | $50K | $50K | 2.5% |
Geographic Distribution
SBA lending activity for Earlham Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 40 | $7.6M | 100.0% |
Why Choose Earlham Savings Bank?
Based on SBA 7(a) lending track record from 1991-2011
- ✓Proven Track Record: 40 SBA loans approved, totaling $7.6M in financing
- ✓Industry Expertise: Specialized focus on Bowling Centers, Farm Product Warehousing and Storage, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $18K to $1.7M, with an average of $190K
- ✓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 Earlham Savings Bank SBA lending
What types of businesses does Earlham Savings Bank typically finance?
Earlham Savings Bank specializes in SBA 7(a) lending to specific industries including bowling centers, farm product warehousing and storage, automotive body, paint, and interior repair and maintenance, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Earlham Savings Bank's typical SBA loan terms?
Earlham Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 95 months (approximately 8 years). Loan sizes range from $18K to $1.7M, with an average loan size of $190K.
Do I need a business valuation for a Earlham Savings Bank SBA loan?
Yes, Earlham Savings 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 Earlham Savings Bank compare to other SBA lenders?
Earlham Savings Bank has originated 40 SBA loans totaling $7.6M 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 Earlham Savings Bank lend in?
Earlham Savings 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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