Glenwood State Bank Incorporated
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Glenwood State Bank Incorporated · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 9 | $842K | $94K | 23.1% |
| 722513 | Limited-Service Restaurants | 3 | $302K | $101K | 7.7% |
| 445240 | Meat Retailers | 2 | $131K | $66K | 5.1% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 1 | $830K | $830K | 2.6% |
| 722511 | Full-Service Restaurants | 1 | $123K | $123K | 2.6% |
| 541110 | Offices of Lawyers | 1 | $95K | $95K | 2.6% |
| 212321 | Construction Sand and Gravel Mining | 1 | $250K | $250K | 2.6% |
| 532284 | Recreational Goods Rental | 1 | $142K | $142K | 2.6% |
| 236220 | Commercial and Institutional Building Construction | 1 | $4.4M | $4.4M | 2.6% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $60K | $60K | 2.6% |
Geographic Distribution
SBA lending activity for Glenwood State Bank Incorporated by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 30 | $9.3M | 76.9% |
| North Dakota (ND) | 2 | $2.1M | 5.1% |
| Kentucky (KY) | 3 | $219K | 7.7% |
| Wyoming (WY) | 1 | $142K | 2.6% |
| Indiana (IN) | 1 | $125K | 2.6% |
| Pennsylvania (PA) | 1 | $90K | 2.6% |
| Missouri (MO) | 1 | $33K | 2.6% |
Why Choose Glenwood State Bank Incorporated?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 39 SBA loans approved, totaling $12.0M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long-Distance, Truckload, Limited-Service Restaurants, Meat Retailers
- ✓Competitive Terms: Average interest rate of 6.51% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $27K to $4.4M, with an average of $308K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in MN, KY, 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 Glenwood State Bank Incorporated SBA lending
What types of businesses does Glenwood State Bank Incorporated typically finance?
Glenwood State Bank Incorporated specializes in SBA 7(a) lending to specific industries including general freight trucking, long-distance, truckload, limited-service restaurants, meat retailers, poured concrete foundation and structure contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Glenwood State Bank Incorporated's typical SBA loan terms?
Glenwood State Bank Incorporated's SBA 7(a) loans typically feature an average interest rate of 6.51% and average term length of 86 months (approximately 7 years). Loan sizes range from $27K to $4.4M, with an average loan size of $308K.
Do I need a business valuation for a Glenwood State Bank Incorporated SBA loan?
Yes, Glenwood State Bank Incorporated 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 Glenwood State Bank Incorporated compare to other SBA lenders?
Glenwood State Bank Incorporated has originated 39 SBA loans totaling $12.0M since 1995. 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 Glenwood State Bank Incorporated lend in?
Glenwood State Bank Incorporated provides SBA 7(a) financing with particularly strong presence in MN, KY, ND, WY, PA. 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.
Get your certified valuation from Fair Market Value.