Ergo Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Ergo Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 111998 | All Other Miscellaneous Crop Farming | 2 | $475K | $238K | 9.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $4.3M | $2.2M | 9.5% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 2 | $656K | $328K | 9.5% |
| 115116 | Farm Management Services | 2 | $1.1M | $526K | 9.5% |
| 561920 | Convention and Trade Show Organizers | 2 | $86K | $43K | 9.5% |
| 811198 | All Other Automotive Repair and Maintenance | 1 | $900K | $900K | 4.8% |
| 722513 | Limited-Service Restaurants | 1 | $350K | $350K | 4.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $290K | $290K | 4.8% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $1.0M | $1.0M | 4.8% |
| 811111 | General Automotive Repair | 1 | $255K | $255K | 4.8% |
Geographic Distribution
SBA lending activity for Ergo Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 19 | $9.4M | 90.5% |
| Illinois (IL) | 1 | $2.5M | 4.8% |
| Minnesota (MN) | 1 | $150K | 4.8% |
Why Choose Ergo Bank?
Based on SBA 7(a) lending track record from 1994-2025
- ✓Proven Track Record: 21 SBA loans approved, totaling $12.1M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Crop Farming, Hotels (except Casino Hotels) and Motels, Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
- ✓Competitive Terms: Average interest rate of 5.98% with flexible term lengths averaging 181 months
- ✓Loan Range: Loan sizes from $12K to $2.5M, with an average of $575K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in WI, MN, IL
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 Ergo Bank SBA lending
What types of businesses does Ergo Bank typically finance?
Ergo Bank specializes in SBA 7(a) lending to specific industries including all other miscellaneous crop farming, hotels (except casino hotels) and motels, special die and tool, die set, jig, and fixture manufacturing, farm management services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ergo Bank's typical SBA loan terms?
Ergo Bank's SBA 7(a) loans typically feature an average interest rate of 5.98% and average term length of 181 months (approximately 15 years). Loan sizes range from $12K to $2.5M, with an average loan size of $575K.
Do I need a business valuation for a Ergo Bank SBA loan?
Yes, Ergo 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 Ergo Bank compare to other SBA lenders?
Ergo Bank has originated 21 SBA loans totaling $12.1M 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 Ergo Bank lend in?
Ergo Bank provides SBA 7(a) financing with particularly strong presence in WI, MN, IL. 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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