Global Innovations Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Global Innovations Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $73K | $36K | 15.4% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $5K | $5K | 7.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $55K | $55K | 7.7% |
| 811111 | General Automotive Repair | 1 | $30K | $30K | 7.7% |
Geographic Distribution
SBA lending activity for Global Innovations Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 13 | $589K | 100.0% |
Why Choose Global Innovations Bank?
Based on SBA 7(a) lending track record from 1995-2008
- ✓Proven Track Record: 13 SBA loans approved, totaling $589K in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $5K to $100K, with an average of $45K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Global Innovations Bank SBA lending
What types of businesses does Global Innovations Bank typically finance?
Global Innovations Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, supermarkets and other grocery retailers (except convenience retailers), general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Global Innovations Bank's typical SBA loan terms?
Global Innovations Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 98 months (approximately 8 years). Loan sizes range from $5K to $100K, with an average loan size of $45K.
Do I need a business valuation for a Global Innovations Bank SBA loan?
Yes, Global Innovations 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 Global Innovations Bank compare to other SBA lenders?
Global Innovations Bank has originated 13 SBA loans totaling $589K 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 Global Innovations Bank lend in?
Global Innovations Bank provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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