Frandsen Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Frandsen Bank and Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 22 | $4.3M | $197K | 2.5% |
| 722511 | Full-Service Restaurants | 21 | $7.0M | $335K | 2.4% |
| 621310 | Offices of Chiropractors | 21 | $3.4M | $164K | 2.4% |
| 812310 | Coin-Operated Laundries and Drycleaners | 12 | $5.8M | $484K | 1.4% |
| 812112 | Beauty Salons | 12 | $1.1M | $93K | 1.4% |
| 722513 | Limited-Service Restaurants | 12 | $6.0M | $498K | 1.4% |
| 713940 | Fitness and Recreational Sports Centers | 10 | $1.6M | $157K | 1.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 9 | $1.7M | $185K | 1.0% |
| 541330 | Engineering Services | 9 | $2.5M | $273K | 1.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 9 | $1.2M | $138K | 1.0% |
Geographic Distribution
SBA lending activity for Frandsen Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 644 | $215.9M | 72.5% |
| Wisconsin (WI) | 131 | $31.1M | 14.8% |
| North Dakota (ND) | 110 | $24.1M | 12.4% |
| Florida (FL) | 1 | $150K | 0.1% |
| Michigan (MI) | 2 | $95K | 0.2% |
Why Choose Frandsen Bank and Trust?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 888 SBA loans approved, totaling $271.4M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $306K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MN, WI, ND
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 Frandsen Bank and Trust SBA lending
What types of businesses does Frandsen Bank and Trust typically finance?
Frandsen Bank and Trust specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, offices of chiropractors, coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Frandsen Bank and Trust's typical SBA loan terms?
Frandsen Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 116 months (approximately 10 years). Loan sizes range from $5K to $5.0M, with an average loan size of $306K.
Do I need a business valuation for a Frandsen Bank and Trust SBA loan?
Yes, Frandsen Bank and Trust 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 Frandsen Bank and Trust compare to other SBA lenders?
Frandsen Bank and Trust has originated 888 SBA loans totaling $271.4M 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 Frandsen Bank and Trust lend in?
Frandsen Bank and Trust provides SBA 7(a) financing with particularly strong presence in MN, WI, ND, MI, FL. 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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