First State Bank of Wyoming
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First State Bank of Wyoming · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $55K | $55K | 3.4% |
| 334416 | Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing | 1 | $60K | $60K | 3.4% |
| 325510 | Paint and Coating Manufacturing | 1 | $212K | $212K | 3.4% |
| 812199 | Other Personal Care Services | 1 | $90K | $90K | 3.4% |
| 327993 | Mineral Wool Manufacturing | 1 | $225K | $225K | 3.4% |
| 541512 | Computer Systems Design Services | 1 | $50K | $50K | 3.4% |
| 541613 | Marketing Consulting Services | 1 | $19K | $19K | 3.4% |
| 621310 | Offices of Chiropractors | 1 | $81K | $81K | 3.4% |
Geographic Distribution
SBA lending activity for First State Bank of Wyoming by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 28 | $2.5M | 96.6% |
| Wisconsin (WI) | 1 | $212K | 3.4% |
Why Choose First State Bank of Wyoming?
Based on SBA 7(a) lending track record from 1993-2011
- ✓Proven Track Record: 29 SBA loans approved, totaling $2.7M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing, Paint and Coating Manufacturing
- ✓Competitive Terms: Average interest rate of 7.25% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $10K to $280K, with an average of $95K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, WI
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 State Bank of Wyoming SBA lending
What types of businesses does First State Bank of Wyoming typically finance?
First State Bank of Wyoming specializes in SBA 7(a) lending to specific industries including landscaping services, capacitor, resistor, coil, transformer, and other inductor manufacturing, paint and coating manufacturing, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First State Bank of Wyoming's typical SBA loan terms?
First State Bank of Wyoming's SBA 7(a) loans typically feature an average interest rate of 7.25% and average term length of 84 months (approximately 7 years). Loan sizes range from $10K to $280K, with an average loan size of $95K.
Do I need a business valuation for a First State Bank of Wyoming SBA loan?
Yes, First State Bank of Wyoming 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 State Bank of Wyoming compare to other SBA lenders?
First State Bank of Wyoming has originated 29 SBA loans totaling $2.7M since 1993. 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 State Bank of Wyoming lend in?
First State Bank of Wyoming provides SBA 7(a) financing with particularly strong presence in MN, WI. 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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