First National Bank of Chaska
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Chaska · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327320 | Ready-Mix Concrete Manufacturing | 1 | $550K | $550K | 4.3% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $290K | $290K | 4.3% |
| 812112 | Beauty Salons | 1 | $278K | $278K | 4.3% |
| 423610 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 1 | $150K | $150K | 4.3% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $80K | $80K | 4.3% |
| 323111 | Commercial Printing (except Screen and Books) | 1 | $80K | $80K | 4.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $38K | $38K | 4.3% |
| 561720 | Janitorial Services | 1 | $40K | $40K | 4.3% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $50K | $50K | 4.3% |
| 423330 | Roofing, Siding, and Insulation Material Merchant Wholesalers | 1 | $850K | $850K | 4.3% |
Geographic Distribution
SBA lending activity for First National Bank of Chaska by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 23 | $6.1M | 100.0% |
Why Choose First National Bank of Chaska?
Based on SBA 7(a) lending track record from 1995-2005
- ✓Proven Track Record: 23 SBA loans approved, totaling $6.1M in financing
- ✓Industry Expertise: Specialized focus on Ready-Mix Concrete Manufacturing, Hotels (except Casino Hotels) and Motels, Beauty Salons
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 61 months
- ✓Loan Range: Loan sizes from $10K to $1.4M, with an average of $264K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 First National Bank of Chaska SBA lending
What types of businesses does First National Bank of Chaska typically finance?
First National Bank of Chaska specializes in SBA 7(a) lending to specific industries including ready-mix concrete manufacturing, hotels (except casino hotels) and motels, beauty salons, electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Chaska's typical SBA loan terms?
First National Bank of Chaska's SBA 7(a) loans typically feature an average interest rate of — and average term length of 61 months (approximately 5 years). Loan sizes range from $10K to $1.4M, with an average loan size of $264K.
Do I need a business valuation for a First National Bank of Chaska SBA loan?
Yes, First National Bank of Chaska 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 First National Bank of Chaska compare to other SBA lenders?
First National Bank of Chaska has originated 23 SBA loans totaling $6.1M since 1995. 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 First National Bank of Chaska lend in?
First National Bank of Chaska provides SBA 7(a) financing with particularly strong presence in MN. 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.
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