Freedom Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Freedom Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 443142 | Electronics Stores | 16 | $2.2M | $137K | 11.1% |
| 453910 | Pet and Pet Supplies Stores | 16 | $10.4M | $650K | 11.1% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $3.4M | $216K | 11.1% |
| 453110 | Florists | 16 | $280K | $18K | 11.1% |
| 811111 | General Automotive Repair | 16 | $7.9M | $495K | 11.1% |
| 561730 | Landscaping Services | 8 | $216K | $27K | 5.6% |
| 711120 | Dance Companies | 8 | $608K | $76K | 5.6% |
| 423920 | Toy and Hobby Goods and Supplies Merchant Wholesalers | 8 | $243K | $30K | 5.6% |
| 238310 | Drywall and Insulation Contractors | 8 | $88K | $11K | 5.6% |
| 812199 | Other Personal Care Services | 8 | $3.6M | $450K | 5.6% |
Geographic Distribution
SBA lending activity for Freedom Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 128 | $32.2M | 88.9% |
| Utah (UT) | 16 | $10.4M | 11.1% |
Why Choose Freedom Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $42.6M in financing
- ✓Industry Expertise: Specialized focus on Electronics Stores, Pet and Pet Supplies Stores, Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of 8.01% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $10K to $900K, with an average of $296K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MT, UT
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 Freedom Bank SBA lending
What types of businesses does Freedom Bank typically finance?
Freedom Bank specializes in SBA 7(a) lending to specific industries including electronics stores, pet and pet supplies stores, pet care (except veterinary) services, florists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Freedom Bank's typical SBA loan terms?
Freedom Bank's SBA 7(a) loans typically feature an average interest rate of 8.01% and average term length of 130 months (approximately 11 years). Loan sizes range from $10K to $900K, with an average loan size of $296K.
Do I need a business valuation for a Freedom Bank SBA loan?
Yes, Freedom 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 Freedom Bank compare to other SBA lenders?
Freedom Bank has originated 144 SBA loans totaling $42.6M 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 Freedom Bank lend in?
Freedom Bank provides SBA 7(a) financing with particularly strong presence in MT, UT. 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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