FreedomBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by FreedomBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $96K | $96K | 3.4% |
| 111998 | All Other Miscellaneous Crop Farming | 1 | $500K | $500K | 3.4% |
| 621210 | Offices of Dentists | 1 | $356K | $356K | 3.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $105K | $105K | 3.4% |
| 236220 | Commercial and Institutional Building Construction | 1 | $650K | $650K | 3.4% |
| 541940 | Veterinary Services | 1 | $65K | $65K | 3.4% |
| 238160 | Roofing Contractors | 1 | $225K | $225K | 3.4% |
| 339112 | Surgical and Medical Instrument Manufacturing | 1 | $448K | $448K | 3.4% |
| 713930 | Marinas | 1 | $835K | $835K | 3.4% |
| 621310 | Offices of Chiropractors | 1 | $96K | $96K | 3.4% |
Geographic Distribution
SBA lending activity for FreedomBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 28 | $6.7M | 96.6% |
| Wisconsin (WI) | 1 | $62K | 3.4% |
Why Choose FreedomBank?
Based on SBA 7(a) lending track record from 1992-2013
- ✓Proven Track Record: 29 SBA loans approved, totaling $6.8M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, All Other Miscellaneous Crop Farming, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 5.69% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $33K to $835K, with an average of $233K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, 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 FreedomBank SBA lending
What types of businesses does FreedomBank typically finance?
FreedomBank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, all other miscellaneous crop farming, offices of dentists, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are FreedomBank's typical SBA loan terms?
FreedomBank's SBA 7(a) loans typically feature an average interest rate of 5.69% and average term length of 120 months (approximately 10 years). Loan sizes range from $33K to $835K, with an average loan size of $233K.
Do I need a business valuation for a FreedomBank SBA loan?
Yes, FreedomBank 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 FreedomBank compare to other SBA lenders?
FreedomBank has originated 29 SBA loans totaling $6.8M since 1992. 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 FreedomBank lend in?
FreedomBank provides SBA 7(a) financing with particularly strong presence in IA, 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.
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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