Home Bank, SB
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Home Bank, SB
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 32 | $12.8M | $399K | 66.7% |
| 453991 | Tobacco Stores | 8 | $1.2M | $155K | 16.7% |
| 237990 | Other Heavy and Civil Engineering Construction | 8 | $1.5M | $186K | 16.7% |
Geographic Distribution
SBA lending activity for Home Bank, SB by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 40 | $12.6M | 83.3% |
| Missouri (MO) | 8 | $2.9M | 16.7% |
Why Choose Home Bank, SB?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $15.5M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Tobacco Stores, Other Heavy and Civil Engineering Construction
- ✓Competitive Terms: Average interest rate of 8.21% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $155K to $430K, with an average of $323K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in 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 Home Bank, SB SBA lending
What types of businesses does Home Bank, SB typically finance?
Home Bank, SB specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, tobacco stores, other heavy and civil engineering construction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Home Bank, SB's typical SBA loan terms?
Home Bank, SB's SBA 7(a) loans typically feature an average interest rate of 8.21% and average term length of 122 months (approximately 10 years). Loan sizes range from $155K to $430K, with an average loan size of $323K.
Do I need a business valuation for a Home Bank, SB SBA loan?
Yes, Home Bank, SB 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 Home Bank, SB compare to other SBA lenders?
Home Bank, SB has originated 48 SBA loans totaling $15.5M since 2020. 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 Home Bank, SB lend in?
Home Bank, SB provides SBA 7(a) financing with particularly strong presence in 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.
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Professional valuations are often required for SBA loans over $250,000.
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