Fortress Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fortress Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 335312 | Motor and Generator Manufacturing | 16 | $47.4M | $3.0M | 15.4% |
| 458310 | Other | 8 | $28.4M | $3.5M | 7.7% |
| 562991 | Septic Tank and Related Services | 8 | $20.2M | $2.5M | 7.7% |
| 445320 | Other | 8 | $3.6M | $450K | 7.7% |
| 621310 | Offices of Chiropractors | 8 | $1.6M | $201K | 7.7% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $20.0M | $2.5M | 7.7% |
| 611610 | Fine Arts Schools | 8 | $549K | $69K | 7.7% |
| 332322 | Sheet Metal Work Manufacturing | 8 | $1.8M | $229K | 7.7% |
| 621391 | Offices of Podiatrists | 8 | $1.2M | $148K | 7.7% |
| 445240 | Other | 8 | $3.2M | $400K | 7.7% |
Geographic Distribution
SBA lending activity for Fortress Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 72 | $84.9M | 69.2% |
| Illinois (IL) | 32 | $52.8M | 30.8% |
Why Choose Fortress Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $137.7M in financing
- ✓Industry Expertise: Specialized focus on Motor and Generator Manufacturing, Other, Septic Tank and Related Services
- ✓Competitive Terms: Average interest rate of 7.82% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $69K to $3.5M, with an average of $1.3M
- ✓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 Fortress Bank SBA lending
What types of businesses does Fortress Bank typically finance?
Fortress Bank specializes in SBA 7(a) lending to specific industries including motor and generator manufacturing, other, septic tank and related services, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fortress Bank's typical SBA loan terms?
Fortress Bank's SBA 7(a) loans typically feature an average interest rate of 7.82% and average term length of 103 months (approximately 9 years). Loan sizes range from $69K to $3.5M, with an average loan size of $1.3M.
Do I need a business valuation for a Fortress Bank SBA loan?
Yes, Fortress 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 Fortress Bank compare to other SBA lenders?
Fortress Bank has originated 104 SBA loans totaling $137.7M 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 Fortress Bank lend in?
Fortress 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?
Professional valuations are often required for SBA loans over $250,000.
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