Lincoln State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lincoln State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | $827K | $276K | 16.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $97K | $97K | 5.6% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $30K | $30K | 5.6% |
| 212321 | Construction Sand and Gravel Mining | 1 | $150K | $150K | 5.6% |
| 334310 | Audio and Video Equipment Manufacturing | 1 | $100K | $100K | 5.6% |
| 311119 | Other Animal Food Manufacturing | 1 | $745K | $745K | 5.6% |
| 311930 | Flavoring Syrup and Concentrate Manufacturing | 1 | $150K | $150K | 5.6% |
Geographic Distribution
SBA lending activity for Lincoln State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 18 | $2.9M | 100.0% |
Why Choose Lincoln State Bank?
Based on SBA 7(a) lending track record from 1991-2012
- ✓Proven Track Record: 18 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Drinking Places (Alcoholic Beverages), Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.13% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $10K to $745K, with an average of $162K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 Lincoln State Bank SBA lending
What types of businesses does Lincoln State Bank typically finance?
Lincoln State Bank specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, drinking places (alcoholic beverages), automotive body, paint, and interior repair and maintenance, construction sand and gravel mining. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lincoln State Bank's typical SBA loan terms?
Lincoln State Bank's SBA 7(a) loans typically feature an average interest rate of 6.13% and average term length of 104 months (approximately 9 years). Loan sizes range from $10K to $745K, with an average loan size of $162K.
Do I need a business valuation for a Lincoln State Bank SBA loan?
Yes, Lincoln 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 Lincoln State Bank compare to other SBA lenders?
Lincoln State Bank has originated 18 SBA loans totaling $2.9M 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 Lincoln State Bank lend in?
Lincoln State Bank provides SBA 7(a) financing with particularly strong presence in ND. 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?
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