Grand Rivers Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Grand Rivers Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | $275K | $275K | 100.0% |
Geographic Distribution
SBA lending activity for Grand Rivers Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $275K | 100.0% |
Why Choose Grand Rivers Community Bank?
Based on SBA 7(a) lending track record from 2009-2009
- ✓Proven Track Record: 1 SBA loans approved, totaling $275K in financing
- ✓Industry Expertise: Specialized focus on RV (Recreational Vehicle) Parks and Campgrounds
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 303 months
- ✓Loan Range: Loan sizes from $275K to $275K, with an average of $275K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Grand Rivers Community Bank SBA lending
What types of businesses does Grand Rivers Community Bank typically finance?
Grand Rivers Community Bank specializes in SBA 7(a) lending to specific industries including rv (recreational vehicle) parks and campgrounds. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Grand Rivers Community Bank's typical SBA loan terms?
Grand Rivers Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 303 months (approximately 25 years). Loan sizes range from $275K to $275K, with an average loan size of $275K.
Do I need a business valuation for a Grand Rivers Community Bank SBA loan?
Yes, Grand Rivers Community 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 Grand Rivers Community Bank compare to other SBA lenders?
Grand Rivers Community Bank has originated 1 SBA loans totaling $275K since 2009. 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 Grand Rivers Community Bank lend in?
Grand Rivers Community Bank provides SBA 7(a) financing with particularly strong presence in IL. 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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