Fairfax State Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fairfax State Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 532310 | General Rental Centers | 56 | $20.8M | $372K | 41.2% |
| 237130 | Power and Communication Line and Related Structures Construction | 32 | $6.2M | $193K | 23.5% |
| 722511 | Full-Service Restaurants | 16 | $3.8M | $235K | 11.8% |
| 611610 | Fine Arts Schools | 16 | $1.4M | $85K | 11.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $560K | $70K | 5.9% |
| 459110 | Other | 8 | $280K | $35K | 5.9% |
Geographic Distribution
SBA lending activity for Fairfax State Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 136 | $32.9M | 100.0% |
Why Choose Fairfax State Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 136 SBA loans approved, totaling $32.9M in financing
- ✓Industry Expertise: Specialized focus on General Rental Centers, Power and Communication Line and Related Structures Construction, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.23% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $25K to $975K, with an average of $242K
- ✓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 Fairfax State Savings Bank SBA lending
What types of businesses does Fairfax State Savings Bank typically finance?
Fairfax State Savings Bank specializes in SBA 7(a) lending to specific industries including general rental centers, power and communication line and related structures construction, full-service restaurants, fine arts schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fairfax State Savings Bank's typical SBA loan terms?
Fairfax State Savings Bank's SBA 7(a) loans typically feature an average interest rate of 8.23% and average term length of 113 months (approximately 9 years). Loan sizes range from $25K to $975K, with an average loan size of $242K.
Do I need a business valuation for a Fairfax State Savings Bank SBA loan?
Yes, Fairfax State 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 Fairfax State Savings Bank compare to other SBA lenders?
Fairfax State Savings Bank has originated 136 SBA loans totaling $32.9M 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 Fairfax State Savings Bank lend in?
Fairfax State 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?
Professional valuations are often required for SBA loans over $250,000.
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