Grinnell State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Grinnell State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812910 | Pet Care (except Veterinary) Services | 4 | $334K | $83K | 3.7% |
| 713930 | Marinas | 3 | $3.1M | $1.0M | 2.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $339K | $113K | 2.8% |
| 541519 | Other Computer Related Services | 2 | $200K | $100K | 1.8% |
| 812199 | Other Personal Care Services | 2 | $86K | $43K | 1.8% |
| 561730 | Landscaping Services | 2 | $164K | $82K | 1.8% |
| 621210 | Offices of Dentists | 2 | $310K | $155K | 1.8% |
| 339950 | Sign Manufacturing | 1 | $69K | $69K | 0.9% |
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $35K | $35K | 0.9% |
| 621391 | Offices of Podiatrists | 1 | $49K | $49K | 0.9% |
Geographic Distribution
SBA lending activity for Grinnell State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 108 | $16.7M | 99.1% |
| Missouri (MO) | 1 | $100K | 0.9% |
Why Choose Grinnell State Bank?
Based on SBA 7(a) lending track record from 1993-2008
- ✓Proven Track Record: 109 SBA loans approved, totaling $16.8M in financing
- ✓Industry Expertise: Specialized focus on Pet Care (except Veterinary) Services, Marinas, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $15K to $1.3M, with an average of $154K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, MO
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 Grinnell State Bank SBA lending
What types of businesses does Grinnell State Bank typically finance?
Grinnell State Bank specializes in SBA 7(a) lending to specific industries including pet care (except veterinary) services, marinas, drinking places (alcoholic beverages), other computer related services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Grinnell State Bank's typical SBA loan terms?
Grinnell State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 90 months (approximately 8 years). Loan sizes range from $15K to $1.3M, with an average loan size of $154K.
Do I need a business valuation for a Grinnell State Bank SBA loan?
Yes, Grinnell State 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 Grinnell State Bank compare to other SBA lenders?
Grinnell State Bank has originated 109 SBA loans totaling $16.8M since 1993. 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 Grinnell State Bank lend in?
Grinnell State Bank provides SBA 7(a) financing with particularly strong presence in IA, MO. 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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