Hawthorn Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Hawthorn Bank · FY 2021
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541330 | Engineering Services | 3 | $380K | $127K | 17.6% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $470K | $235K | 11.8% |
| 321113 | Sawmills | 2 | $803K | $402K | 11.8% |
| 722330 | Mobile Food Services | 2 | $200K | $100K | 11.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $1.0M | $1.0M | 5.9% |
| 238990 | All Other Specialty Trade Contractors | 1 | $250K | $250K | 5.9% |
| 551112 | Offices of Other Holding Companies | 1 | $78K | $78K | 5.9% |
| 561730 | Landscaping Services | 1 | $59K | $59K | 5.9% |
| 621310 | Offices of Chiropractors | 1 | $79K | $79K | 5.9% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $197K | $197K | 5.9% |
Geographic Distribution
SBA lending activity for Hawthorn Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 17 | $3.9M | 100.0% |
Why Choose Hawthorn Bank?
Based on SBA 7(a) lending track record in FY 2021
- ✓Proven Track Record: 17 SBA loans approved, totaling $3.9M in financing
- ✓Industry Expertise: Specialized focus on Engineering Services, New Single-Family Housing Construction (except For-Sale Builders), Sawmills
- ✓Competitive Terms: Average interest rate of 5.26% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $55K to $1.0M, with an average of $232K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Hawthorn Bank SBA lending
What types of businesses does Hawthorn Bank typically finance?
Hawthorn Bank specializes in SBA 7(a) lending to specific industries including engineering services, new single-family housing construction (except for-sale builders), sawmills, mobile food services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hawthorn Bank's typical SBA loan terms?
Hawthorn Bank's SBA 7(a) loans typically feature an average interest rate of 5.26% and average term length of 111 months (approximately 9 years). Loan sizes range from $55K to $1.0M, with an average loan size of $232K.
Do I need a business valuation for a Hawthorn Bank SBA loan?
Yes, Hawthorn 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 Hawthorn Bank compare to other SBA lenders?
Hawthorn Bank has originated 17 SBA loans totaling $3.9M in FY 2021. 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 Hawthorn Bank lend in?
Hawthorn Bank provides SBA 7(a) financing with particularly strong presence in 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?
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