Frandsen Bank and Trust
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Frandsen Bank and Trust · FY 2024
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 4 | $1.4M | $359K | 8.7% |
| 238190 | Other Foundation, Structure, and Building Exterior Contractors | 4 | $2.6M | $654K | 8.7% |
| 238290 | Other Building Equipment Contractors | 2 | $350K | $175K | 4.3% |
| 312130 | Wineries | 2 | $2.7M | $1.3M | 4.3% |
| 311920 | Coffee and Tea Manufacturing | 2 | $1.6M | $775K | 4.3% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $500K | $250K | 4.3% |
| 237990 | Other Heavy and Civil Engineering Construction | 2 | $3.5M | $1.8M | 4.3% |
| 459999 | All Other Miscellaneous Retailers | 2 | $911K | $456K | 4.3% |
| 325320 | Pesticide and Other Agricultural Chemical Manufacturing | 2 | $300K | $150K | 4.3% |
| 561730 | Landscaping Services | 1 | $140K | $140K | 2.2% |
Geographic Distribution
SBA lending activity for Frandsen Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 43 | $26.0M | 93.5% |
| Wisconsin (WI) | 3 | $1.2M | 6.5% |
Why Choose Frandsen Bank and Trust?
Based on SBA 7(a) lending track record in FY 2024
- ✓Proven Track Record: 46 SBA loans approved, totaling $27.2M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Other Foundation, Structure, and Building Exterior Contractors, Other Building Equipment Contractors
- ✓Competitive Terms: Average interest rate of 10.45% with flexible term lengths averaging 151 months
- ✓Loan Range: Loan sizes from $45K to $1.9M, with an average of $591K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, WI
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 limited-service restaurants, other foundation, structure, and building exterior contractors, other building equipment contractors, wineries. 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 10.45% and average term length of 151 months (approximately 13 years). Loan sizes range from $45K to $1.9M, with an average loan size of $591K.
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 46 SBA loans totaling $27.2M in FY 2024. 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. 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.
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