Hometown Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Hometown Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $55K | $55K | 20.0% |
Geographic Distribution
SBA lending activity for Hometown Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1 | $550K | 20.0% |
| North Dakota (ND) | 4 | $216K | 80.0% |
Why Choose Hometown Community Bank?
Based on SBA 7(a) lending track record from 1995-2001
- ✓Proven Track Record: 5 SBA loans approved, totaling $766K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $30K to $550K, with an average of $153K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, MN
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 Hometown Community Bank SBA lending
What types of businesses does Hometown Community Bank typically finance?
Hometown Community Bank specializes in SBA 7(a) lending to specific industries including general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hometown Community Bank's typical SBA loan terms?
Hometown Community Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 106 months (approximately 9 years). Loan sizes range from $30K to $550K, with an average loan size of $153K.
Do I need a business valuation for a Hometown Community Bank SBA loan?
Yes, Hometown Community 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 Hometown Community Bank compare to other SBA lenders?
Hometown Community Bank has originated 5 SBA loans totaling $766K since 1995. 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 Hometown Community Bank lend in?
Hometown Community Bank provides SBA 7(a) financing with particularly strong presence in ND, MN. 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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