KodaBank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by KodaBank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 16 | $3.5M | $221K | 66.7% |
| 531390 | Other Activities Related to Real Estate | 8 | $1.9M | $241K | 33.3% |
Geographic Distribution
SBA lending activity for KodaBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 24 | $5.5M | 100.0% |
Why Choose KodaBank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $5.5M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery (except Convenience) Stores, Other Activities Related to Real Estate
- ✓Competitive Terms: Average interest rate of 8.22% with flexible term lengths averaging 160 months
- ✓Loan Range: Loan sizes from $209K to $241K, with an average of $228K
- ✓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 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 (except convenience) stores, other activities related to real estate. 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 8.22% and average term length of 160 months (approximately 13 years). Loan sizes range from $209K to $241K, with an average loan size of $228K.
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 24 SBA loans totaling $5.5M 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 KodaBank lend in?
KodaBank 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.
Get your certified valuation from Fair Market Value.