IronStone Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by IronStone Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $86K | $86K | 25.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $580K | $580K | 25.0% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $70K | $70K | 25.0% |
Geographic Distribution
SBA lending activity for IronStone Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 2 | $1.0M | 50.0% |
| Florida (FL) | 1 | $86K | 25.0% |
| Georgia (GA) | 1 | $70K | 25.0% |
Why Choose IronStone Bank?
Based on SBA 7(a) lending track record from 2002-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $1.2M in financing
- ✓Industry Expertise: Specialized focus on Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Offices of Physicians (except Mental Health Specialists), Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 57 months
- ✓Loan Range: Loan sizes from $70K to $580K, with an average of $289K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in WA, FL, GA
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 IronStone Bank SBA lending
What types of businesses does IronStone Bank typically finance?
IronStone Bank specializes in SBA 7(a) lending to specific industries including other commercial and industrial machinery and equipment rental and leasing, offices of physicians (except mental health specialists), fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are IronStone Bank's typical SBA loan terms?
IronStone Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 57 months (approximately 5 years). Loan sizes range from $70K to $580K, with an average loan size of $289K.
Do I need a business valuation for a IronStone Bank SBA loan?
Yes, IronStone 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 IronStone Bank compare to other SBA lenders?
IronStone Bank has originated 4 SBA loans totaling $1.2M since 2002. 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 IronStone Bank lend in?
IronStone Bank provides SBA 7(a) financing with particularly strong presence in WA, FL, GA. 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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