Initiative Foundation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Initiative Foundation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 335999 | All Other Miscellaneous Electrical Equipment and Component Manufacturing | 1 | $150K | $150K | 12.5% |
| 326299 | All Other Rubber Product Manufacturing | 1 | $235K | $235K | 12.5% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $250K | $250K | 12.5% |
| 423140 | Motor Vehicle Parts (Used) Merchant Wholesalers | 1 | $125K | $125K | 12.5% |
| 423930 | Recyclable Material Merchant Wholesalers | 1 | $47K | $47K | 12.5% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | $150K | $150K | 12.5% |
| 311224 | Soybean and Other Oilseed Processing | 1 | $125K | $125K | 12.5% |
Geographic Distribution
SBA lending activity for Initiative Foundation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $1.2M | 100.0% |
Why Choose Initiative Foundation?
Based on SBA 7(a) lending track record from 2012-2019
- ✓Proven Track Record: 8 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Electrical Equipment and Component Manufacturing, All Other Rubber Product Manufacturing, All Other Miscellaneous Fabricated Metal Product Manufacturing
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $47K to $250K, with an average of $150K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Initiative Foundation SBA lending
What types of businesses does Initiative Foundation typically finance?
Initiative Foundation specializes in SBA 7(a) lending to specific industries including all other miscellaneous electrical equipment and component manufacturing, all other rubber product manufacturing, all other miscellaneous fabricated metal product manufacturing, motor vehicle parts (used) merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Initiative Foundation's typical SBA loan terms?
Initiative Foundation's SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 79 months (approximately 7 years). Loan sizes range from $47K to $250K, with an average loan size of $150K.
Do I need a business valuation for a Initiative Foundation SBA loan?
Yes, Initiative Foundation 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 Initiative Foundation compare to other SBA lenders?
Initiative Foundation has originated 8 SBA loans totaling $1.2M since 2012. 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 Initiative Foundation lend in?
Initiative Foundation provides SBA 7(a) financing with particularly strong presence in 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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