Firstar Bank of Minnesota, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Firstar Bank of Minnesota, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Firstar Bank of Minnesota, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 2 | $850K | 100.0% |
Why Choose Firstar Bank of Minnesota, National Association?
Based on SBA 7(a) lending track record from 1991-1992
- ✓Proven Track Record: 2 SBA loans approved, totaling $850K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $400K to $450K, with an average of $425K
- ✓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 Firstar Bank of Minnesota, National Association SBA lending
What types of businesses does Firstar Bank of Minnesota, National Association typically finance?
Firstar Bank of Minnesota, National Association specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Firstar Bank of Minnesota, National Association's typical SBA loan terms?
Firstar Bank of Minnesota, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 132 months (approximately 11 years). Loan sizes range from $400K to $450K, with an average loan size of $425K.
Do I need a business valuation for a Firstar Bank of Minnesota, National Association SBA loan?
Yes, Firstar Bank of Minnesota, National Association 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 Firstar Bank of Minnesota, National Association compare to other SBA lenders?
Firstar Bank of Minnesota, National Association has originated 2 SBA loans totaling $850K since 1991. 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 Firstar Bank of Minnesota, National Association lend in?
Firstar Bank of Minnesota, National Association 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.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.