Home Federal Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Home Federal Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 5 | $657K | $131K | 4.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 4 | $458K | $114K | 3.9% |
| 621210 | Offices of Dentists | 3 | $741K | $247K | 2.9% |
| 621310 | Offices of Chiropractors | 3 | $235K | $78K | 2.9% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $1.0M | $503K | 2.0% |
| 333111 | Farm Machinery and Equipment Manufacturing | 2 | $1.2M | $600K | 2.0% |
| 624410 | Child Care Services | 2 | $165K | $83K | 2.0% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $196K | $98K | 2.0% |
| 541921 | Photography Studios, Portrait | 2 | $82K | $41K | 2.0% |
| 333414 | Heating Equipment (except Warm Air Furnaces) Manufacturing | 2 | $1.4M | $690K | 2.0% |
Geographic Distribution
SBA lending activity for Home Federal Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 100 | $18.5M | 98.0% |
| Oregon (OR) | 1 | $45K | 1.0% |
| Idaho (ID) | 1 | $25K | 1.0% |
Why Choose Home Federal Bank?
Based on SBA 7(a) lending track record from 1991-2015
- ✓Proven Track Record: 102 SBA loans approved, totaling $18.6M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Drinking Places (Alcoholic Beverages), Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.80% with flexible term lengths averaging 105 months
- ✓Loan Range: Loan sizes from $18K to $1.3M, with an average of $182K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, OR, ID
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 Federal Bank SBA lending
What types of businesses does Home Federal Bank typically finance?
Home Federal Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, drinking places (alcoholic beverages), offices of dentists, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Home Federal Bank's typical SBA loan terms?
Home Federal Bank's SBA 7(a) loans typically feature an average interest rate of 6.80% and average term length of 105 months (approximately 9 years). Loan sizes range from $18K to $1.3M, with an average loan size of $182K.
Do I need a business valuation for a Home Federal Bank SBA loan?
Yes, Home Federal 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 Home Federal Bank compare to other SBA lenders?
Home Federal Bank has originated 102 SBA loans totaling $18.6M since 1991. 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 Federal Bank lend in?
Home Federal Bank provides SBA 7(a) financing with particularly strong presence in SD, OR, ID. 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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