Exchange State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Exchange State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $55K | $55K | 9.1% |
| 339950 | Sign Manufacturing | 1 | $50K | $50K | 9.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $240K | $240K | 9.1% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $170K | $170K | 9.1% |
| 621610 | Home Health Care Services | 1 | $59K | $59K | 9.1% |
| 541430 | Graphic Design Services | 1 | $171K | $171K | 9.1% |
Geographic Distribution
SBA lending activity for Exchange State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 9 | $934K | 81.8% |
| Illinois (IL) | 2 | $645K | 18.2% |
Why Choose Exchange State Bank?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 11 SBA loans approved, totaling $1.6M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Sign Manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 85 months
- ✓Loan Range: Loan sizes from $12K to $495K, with an average of $143K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, 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 Exchange State Bank SBA lending
What types of businesses does Exchange State Bank typically finance?
Exchange State Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), sign manufacturing, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Exchange State Bank's typical SBA loan terms?
Exchange State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 85 months (approximately 7 years). Loan sizes range from $12K to $495K, with an average loan size of $143K.
Do I need a business valuation for a Exchange State Bank SBA loan?
Yes, Exchange 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 Exchange State Bank compare to other SBA lenders?
Exchange State Bank has originated 11 SBA loans totaling $1.6M since 1992. 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 Exchange State Bank lend in?
Exchange State Bank provides SBA 7(a) financing with particularly strong presence in IA, 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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