KodaBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by KodaBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | $963K | $193K | 8.6% |
| 524210 | Insurance Agencies and Brokerages | 3 | $210K | $70K | 5.2% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 3 | $383K | $128K | 5.2% |
| 237990 | Other Heavy and Civil Engineering Construction | 3 | $480K | $160K | 5.2% |
| 484110 | General Freight Trucking, Local | 2 | $650K | $325K | 3.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $105K | $53K | 3.4% |
| 333111 | Farm Machinery and Equipment Manufacturing | 2 | $3.9M | $1.9M | 3.4% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $375K | $188K | 3.4% |
| 336612 | Boat Building | 1 | $525K | $525K | 1.7% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 1 | $43K | $43K | 1.7% |
Geographic Distribution
SBA lending activity for KodaBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 44 | $9.0M | 75.9% |
| Minnesota (MN) | 14 | $8.9M | 24.1% |
Why Choose KodaBank?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 58 SBA loans approved, totaling $17.9M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Insurance Agencies and Brokerages, Wood Kitchen Cabinet and Countertop Manufacturing
- ✓Competitive Terms: Average interest rate of 6.11% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $12K to $2.6M, with an average of $308K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, 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 KodaBank SBA lending
What types of businesses does KodaBank typically finance?
KodaBank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), insurance agencies and brokerages, wood kitchen cabinet and countertop manufacturing, other heavy and civil engineering construction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are KodaBank's typical SBA loan terms?
KodaBank's SBA 7(a) loans typically feature an average interest rate of 6.11% and average term length of 135 months (approximately 11 years). Loan sizes range from $12K to $2.6M, with an average loan size of $308K.
Do I need a business valuation for a KodaBank SBA loan?
Yes, KodaBank 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 KodaBank compare to other SBA lenders?
KodaBank has originated 58 SBA loans totaling $17.9M since 1991. 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 KodaBank lend in?
KodaBank provides SBA 7(a) financing with particularly strong presence in ND, 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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