Hoosier Heartland State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Hoosier Heartland State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 3 | $415K | $138K | 20.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $101K | $51K | 13.3% |
| 531110 | Lessors of Residential Buildings and Dwellings | 1 | $900K | $900K | 6.7% |
| 332710 | Machine Shops | 1 | $30K | $30K | 6.7% |
| 111421 | Nursery and Tree Production | 1 | $50K | $50K | 6.7% |
| 524210 | Insurance Agencies and Brokerages | 1 | $175K | $175K | 6.7% |
Geographic Distribution
SBA lending activity for Hoosier Heartland State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 15 | $2.4M | 100.0% |
Why Choose Hoosier Heartland State Bank?
Based on SBA 7(a) lending track record from 1991-2012
- ✓Proven Track Record: 15 SBA loans approved, totaling $2.4M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Supermarkets and Other Grocery Retailers (except Convenience Retailers), Lessors of Residential Buildings and Dwellings
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $30K to $900K, with an average of $162K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Hoosier Heartland State Bank SBA lending
What types of businesses does Hoosier Heartland State Bank typically finance?
Hoosier Heartland State Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, supermarkets and other grocery retailers (except convenience retailers), lessors of residential buildings and dwellings, machine shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hoosier Heartland State Bank's typical SBA loan terms?
Hoosier Heartland State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 86 months (approximately 7 years). Loan sizes range from $30K to $900K, with an average loan size of $162K.
Do I need a business valuation for a Hoosier Heartland State Bank SBA loan?
Yes, Hoosier Heartland State 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 Hoosier Heartland State Bank compare to other SBA lenders?
Hoosier Heartland State Bank has originated 15 SBA loans totaling $2.4M 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 Hoosier Heartland State Bank lend in?
Hoosier Heartland State Bank provides SBA 7(a) financing with particularly strong presence in IN. 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.
Get your certified valuation from Fair Market Value.