Frances Slocum Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Frances Slocum Bank & Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623110 | Nursing Care Facilities (Skilled Nursing Facilities) | 1 | $150K | $150K | 8.3% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $89K | $89K | 8.3% |
| 713910 | Golf Courses and Country Clubs | 1 | $359K | $359K | 8.3% |
Geographic Distribution
SBA lending activity for Frances Slocum Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 12 | $2.6M | 100.0% |
Why Choose Frances Slocum Bank & Trust Company?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 12 SBA loans approved, totaling $2.6M in financing
- ✓Industry Expertise: Specialized focus on Nursing Care Facilities (Skilled Nursing Facilities), Wood Kitchen Cabinet and Countertop Manufacturing, Golf Courses and Country Clubs
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $13K to $500K, with an average of $217K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Frances Slocum Bank & Trust Company SBA lending
What types of businesses does Frances Slocum Bank & Trust Company typically finance?
Frances Slocum Bank & Trust Company specializes in SBA 7(a) lending to specific industries including nursing care facilities (skilled nursing facilities), wood kitchen cabinet and countertop manufacturing, golf courses and country clubs. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Frances Slocum Bank & Trust Company's typical SBA loan terms?
Frances Slocum Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 118 months (approximately 10 years). Loan sizes range from $13K to $500K, with an average loan size of $217K.
Do I need a business valuation for a Frances Slocum Bank & Trust Company SBA loan?
Yes, Frances Slocum Bank & Trust Company 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 Frances Slocum Bank & Trust Company compare to other SBA lenders?
Frances Slocum Bank & Trust Company has originated 12 SBA loans totaling $2.6M 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 Frances Slocum Bank & Trust Company lend in?
Frances Slocum Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in IN. 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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