Home State Bank, National Association
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Home State Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $896K | $112K | 10.0% |
| 311421 | Fruit and Vegetable Canning | 8 | $616K | $77K | 10.0% |
| 451211 | Book Stores | 8 | $816K | $102K | 10.0% |
| 722511 | Full-Service Restaurants | 8 | $3.8M | $479K | 10.0% |
| 812112 | Beauty Salons | 8 | $400K | $50K | 10.0% |
| 512110 | Motion Picture and Video Production | 8 | $200K | $25K | 10.0% |
| 621391 | Offices of Podiatrists | 8 | $1.2M | $150K | 10.0% |
| 611620 | Sports and Recreation Instruction | 8 | $200K | $25K | 10.0% |
| 335929 | Other Communication and Energy Wire Manufacturing | 8 | $280K | $35K | 10.0% |
| 238310 | Drywall and Insulation Contractors | 8 | $1.6M | $200K | 10.0% |
Geographic Distribution
SBA lending activity for Home State Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 80 | $10.0M | 100.0% |
Why Choose Home State Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $10.0M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Fruit and Vegetable Canning, Book Stores
- ✓Competitive Terms: Average interest rate of 6.85% with flexible term lengths averaging 66 months
- ✓Loan Range: Loan sizes from $25K to $479K, with an average of $125K
- ✓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 Home State Bank, National Association SBA lending
What types of businesses does Home State Bank, National Association typically finance?
Home State Bank, National Association specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, fruit and vegetable canning, book stores, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Home State Bank, National Association's typical SBA loan terms?
Home State Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 6.85% and average term length of 66 months (approximately 6 years). Loan sizes range from $25K to $479K, with an average loan size of $125K.
Do I need a business valuation for a Home State Bank, National Association SBA loan?
Yes, Home State Bank, National Association 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 State Bank, National Association compare to other SBA lenders?
Home State Bank, National Association has originated 80 SBA loans totaling $10.0M 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 State Bank, National Association lend in?
Home State Bank, National Association 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?
Professional valuations are often required for SBA loans over $250,000.
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