Freedom Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Freedom Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713990 | All Other Amusement and Recreation Industries | 3 | $532K | $177K | 6.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $3.8M | $1.3M | 6.7% |
| 721214 | Recreational and Vacation Camps (except Campgrounds) | 2 | $236K | $118K | 4.4% |
| 621310 | Offices of Chiropractors | 2 | $409K | $205K | 4.4% |
| 812199 | Other Personal Care Services | 2 | $589K | $295K | 4.4% |
| 812910 | Pet Care (except Veterinary) Services | 2 | $431K | $216K | 4.4% |
| 811111 | General Automotive Repair | 2 | $990K | $495K | 4.4% |
| 323111 | Commercial Printing (except Screen and Books) | 1 | $25K | $25K | 2.2% |
| 711120 | Dance Companies | 1 | $76K | $76K | 2.2% |
| 713290 | Other Gambling Industries | 1 | $793K | $793K | 2.2% |
Geographic Distribution
SBA lending activity for Freedom Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Montana (MT) | 29 | $13.6M | 64.4% |
| Indiana (IN) | 14 | $2.6M | 31.1% |
| Utah (UT) | 2 | $1.3M | 4.4% |
Why Choose Freedom Bank?
Based on SBA 7(a) lending track record from 2001-2025
- ✓Proven Track Record: 45 SBA loans approved, totaling $17.5M in financing
- ✓Industry Expertise: Specialized focus on All Other Amusement and Recreation Industries, Hotels (except Casino Hotels) and Motels, Recreational and Vacation Camps (except Campgrounds)
- ✓Competitive Terms: Average interest rate of 7.03% with flexible term lengths averaging 142 months
- ✓Loan Range: Loan sizes from $10K to $2.9M, with an average of $389K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MT, IN, 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 all other amusement and recreation industries, hotels (except casino hotels) and motels, recreational and vacation camps (except campgrounds), offices of chiropractors. 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 7.03% and average term length of 142 months (approximately 12 years). Loan sizes range from $10K to $2.9M, with an average loan size of $389K.
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 45 SBA loans totaling $17.5M since 2001. 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, IN, 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?
Certified valuations are often required for SBA loans over $250,000.
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