Legends West Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Legends West Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721214 | Recreational and Vacation Camps (except Campgrounds) | 8 | $18.4M | $2.3M | 100.0% |
Geographic Distribution
SBA lending activity for Legends West Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 8 | $18.4M | 100.0% |
Why Choose Legends West Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $18.4M in financing
- ✓Industry Expertise: Specialized focus on Recreational and Vacation Camps (except Campgrounds)
- ✓Competitive Terms: Average interest rate of 10.00% with flexible term lengths averaging 311 months
- ✓Loan Range: Loan sizes from $2.3M to $2.3M, with an average of $2.3M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in SD
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 Legends West Bank SBA lending
What types of businesses does Legends West Bank typically finance?
Legends West Bank specializes in SBA 7(a) lending to specific industries including recreational and vacation camps (except campgrounds). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Legends West Bank's typical SBA loan terms?
Legends West Bank's SBA 7(a) loans typically feature an average interest rate of 10.00% and average term length of 311 months (approximately 26 years). Loan sizes range from $2.3M to $2.3M, with an average loan size of $2.3M.
Do I need a business valuation for a Legends West Bank SBA loan?
Yes, Legends West 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 Legends West Bank compare to other SBA lenders?
Legends West Bank has originated 8 SBA loans totaling $18.4M 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 Legends West Bank lend in?
Legends West Bank provides SBA 7(a) financing with particularly strong presence in SD. 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.