Kensington Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Kensington Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 24 | $3.2M | $133K | 9.7% |
| 423490 | Other Professional Equipment and Supplies Merchant Wholesalers | 16 | $2.0M | $123K | 6.5% |
| 561730 | Landscaping Services | 16 | $1.2M | $75K | 6.5% |
| 541512 | Computer Systems Design Services | 16 | $4.0M | $250K | 6.5% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $880K | $55K | 6.5% |
| 238210 | Electrical Contractors | 8 | $4.0M | $500K | 3.2% |
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 8 | $480K | $60K | 3.2% |
| 524210 | Insurance Agencies and Brokerages | 8 | $520K | $65K | 3.2% |
| 541613 | Marketing Consulting Services | 8 | $1.2M | $150K | 3.2% |
| 531190 | Lessors of Other Real Estate Property | 8 | $686K | $86K | 3.2% |
Geographic Distribution
SBA lending activity for Kensington Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 248 | $44.4M | 100.0% |
Why Choose Kensington Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 248 SBA loans approved, totaling $44.4M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Other Professional Equipment and Supplies Merchant Wholesalers, Landscaping Services
- ✓Competitive Terms: Average interest rate of 5.96% with flexible term lengths averaging 67 months
- ✓Loan Range: Loan sizes from $15K to $795K, with an average of $179K
- ✓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 Kensington Bank SBA lending
What types of businesses does Kensington Bank typically finance?
Kensington Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), other professional equipment and supplies merchant wholesalers, landscaping services, computer systems design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Kensington Bank's typical SBA loan terms?
Kensington Bank's SBA 7(a) loans typically feature an average interest rate of 5.96% and average term length of 67 months (approximately 6 years). Loan sizes range from $15K to $795K, with an average loan size of $179K.
Do I need a business valuation for a Kensington Bank SBA loan?
Yes, Kensington 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 Kensington Bank compare to other SBA lenders?
Kensington Bank has originated 248 SBA loans totaling $44.4M since 2020. 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 Kensington Bank lend in?
Kensington Bank 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?
Professional valuations are often required for SBA loans over $250,000.
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