Elk State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Elk State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311920 | Coffee and Tea Manufacturing | 1 | $135K | $135K | 20.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $150K | $150K | 20.0% |
| 811111 | General Automotive Repair | 1 | $464K | $464K | 20.0% |
Geographic Distribution
SBA lending activity for Elk State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 5 | $1.4M | 100.0% |
Why Choose Elk State Bank?
Based on SBA 7(a) lending track record from 1994-2007
- ✓Proven Track Record: 5 SBA loans approved, totaling $1.4M in financing
- ✓Industry Expertise: Specialized focus on Coffee and Tea Manufacturing, Plumbing, Heating, and Air-Conditioning Contractors, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $135K to $464K, with an average of $283K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in KS
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 Elk State Bank SBA lending
What types of businesses does Elk State Bank typically finance?
Elk State Bank specializes in SBA 7(a) lending to specific industries including coffee and tea manufacturing, plumbing, heating, and air-conditioning contractors, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Elk State Bank's typical SBA loan terms?
Elk State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 96 months (approximately 8 years). Loan sizes range from $135K to $464K, with an average loan size of $283K.
Do I need a business valuation for a Elk State Bank SBA loan?
Yes, Elk 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 Elk State Bank compare to other SBA lenders?
Elk State Bank has originated 5 SBA loans totaling $1.4M since 1994. 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 Elk State Bank lend in?
Elk State Bank provides SBA 7(a) financing with particularly strong presence in KS. 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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