Independence State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Independence State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 326130 | Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing | 2 | $3.9M | $2.0M | 18.2% |
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 2 | $4.0M | $2.0M | 18.2% |
| 561910 | Packaging and Labeling Services | 1 | $323K | $323K | 9.1% |
| 112120 | Dairy Cattle and Milk Production | 1 | $2.6M | $2.6M | 9.1% |
| 237110 | Water and Sewer Line and Related Structures Construction | 1 | $1.6M | $1.6M | 9.1% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $454K | $454K | 9.1% |
| 339116 | Dental Laboratories | 1 | $20K | $20K | 9.1% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $420K | $420K | 9.1% |
Geographic Distribution
SBA lending activity for Independence State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 11 | $13.3M | 100.0% |
Why Choose Independence State Bank?
Based on SBA 7(a) lending track record from 1995-2013
- ✓Proven Track Record: 11 SBA loans approved, totaling $13.3M in financing
- ✓Industry Expertise: Specialized focus on Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing, Postharvest Crop Activities (except Cotton Ginning), Packaging and Labeling Services
- ✓Competitive Terms: Average interest rate of 5.86% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $12K to $2.6M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WI
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 Independence State Bank SBA lending
What types of businesses does Independence State Bank typically finance?
Independence State Bank specializes in SBA 7(a) lending to specific industries including laminated plastics plate, sheet (except packaging), and shape manufacturing, postharvest crop activities (except cotton ginning), packaging and labeling services, dairy cattle and milk production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Independence State Bank's typical SBA loan terms?
Independence State Bank's SBA 7(a) loans typically feature an average interest rate of 5.86% and average term length of 88 months (approximately 7 years). Loan sizes range from $12K to $2.6M, with an average loan size of $1.2M.
Do I need a business valuation for a Independence State Bank SBA loan?
Yes, Independence 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 Independence State Bank compare to other SBA lenders?
Independence State Bank has originated 11 SBA loans totaling $13.3M 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 Independence State Bank lend in?
Independence State Bank provides SBA 7(a) financing with particularly strong presence in WI. 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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