Frandsen Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Frandsen Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 96 | $61.9M | $645K | 3.9% |
| 722513 | Limited-Service Restaurants | 80 | $43.0M | $538K | 3.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 64 | $43.1M | $673K | 2.6% |
| 238210 | Electrical Contractors | 64 | $24.8M | $387K | 2.6% |
| 621310 | Offices of Chiropractors | 56 | $12.6M | $224K | 2.3% |
| 811111 | General Automotive Repair | 56 | $17.5M | $313K | 2.3% |
| 238990 | All Other Specialty Trade Contractors | 48 | $35.0M | $729K | 2.0% |
| 621210 | Offices of Dentists | 40 | $20.4M | $511K | 1.6% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 40 | $18.4M | $459K | 1.6% |
| 524210 | Insurance Agencies and Brokerages | 32 | $19.5M | $609K | 1.3% |
Geographic Distribution
SBA lending activity for Frandsen Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 2,104 | $1.14B | 85.9% |
| Wisconsin (WI) | 264 | $124.5M | 10.8% |
| North Dakota (ND) | 80 | $88.8M | 3.3% |
Why Choose Frandsen Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,448 SBA loans approved, totaling $1.35B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 7.83% with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $553K
- ✓Nationwide Reach: Active lending in 3 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 full-service restaurants, limited-service restaurants, coin-operated laundries and drycleaners, electrical contractors. 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 7.83% and average term length of 146 months (approximately 12 years). Loan sizes range from $15K to $5.0M, with an average loan size of $553K.
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 2,448 SBA loans totaling $1.35B 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 Frandsen Bank and Trust lend in?
Frandsen Bank and Trust provides SBA 7(a) financing with particularly strong presence in MN, WI, ND. 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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