Laurens State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Laurens State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $90K | $90K | 100.0% |
Geographic Distribution
SBA lending activity for Laurens State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $90K | 100.0% |
Why Choose Laurens State Bank?
Based on SBA 7(a) lending track record from 1998-1998
- ✓Proven Track Record: 1 SBA loans approved, totaling $90K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 264 months
- ✓Loan Range: Loan sizes from $90K to $90K, with an average of $90K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Laurens State Bank SBA lending
What types of businesses does Laurens State Bank typically finance?
Laurens State Bank specializes in SBA 7(a) lending to specific industries including general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Laurens State Bank's typical SBA loan terms?
Laurens State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 264 months (approximately 22 years). Loan sizes range from $90K to $90K, with an average loan size of $90K.
Do I need a business valuation for a Laurens State Bank SBA loan?
Yes, Laurens State 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 Laurens State Bank compare to other SBA lenders?
Laurens State Bank has originated 1 SBA loans totaling $90K since 1998. 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 Laurens State Bank lend in?
Laurens State Bank provides SBA 7(a) financing with particularly strong presence in IA. 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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