Illinois Bank and Trust, A Division of HTLF Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Illinois Bank and Trust, A Division of HTLF Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $618K | $618K | 100.0% |
Geographic Distribution
SBA lending activity for Illinois Bank and Trust, A Division of HTLF Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $618K | 100.0% |
Why Choose Illinois Bank and Trust, A Division of HTLF Bank?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 1 SBA loans approved, totaling $618K in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 75 months
- ✓Loan Range: Loan sizes from $618K to $618K, with an average of $618K
- ✓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 Illinois Bank and Trust, A Division of HTLF Bank SBA lending
What types of businesses does Illinois Bank and Trust, A Division of HTLF Bank typically finance?
Illinois Bank and Trust, A Division of HTLF Bank specializes in SBA 7(a) lending to specific industries including electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Illinois Bank and Trust, A Division of HTLF Bank's typical SBA loan terms?
Illinois Bank and Trust, A Division of HTLF Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 75 months (approximately 6 years). Loan sizes range from $618K to $618K, with an average loan size of $618K.
Do I need a business valuation for a Illinois Bank and Trust, A Division of HTLF Bank SBA loan?
Yes, Illinois Bank and Trust, A Division of HTLF 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 Illinois Bank and Trust, A Division of HTLF Bank compare to other SBA lenders?
Illinois Bank and Trust, A Division of HTLF Bank has originated 1 SBA loans totaling $618K since 2007. 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 Illinois Bank and Trust, A Division of HTLF Bank lend in?
Illinois Bank and Trust, A Division of HTLF Bank 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.