Metropolitan Economic Development Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Metropolitan Economic Development Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722320 | Caterers | 8 | $920K | $115K | 25.0% |
| 722511 | Full-Service Restaurants | 8 | $1.6M | $196K | 25.0% |
| 541211 | Offices of Certified Public Accountants | 8 | $1.8M | $220K | 25.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $2.2M | $271K | 25.0% |
Geographic Distribution
SBA lending activity for Metropolitan Economic Development Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 32 | $6.4M | 100.0% |
Why Choose Metropolitan Economic Development Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $6.4M in financing
- ✓Industry Expertise: Specialized focus on Caterers, Full-Service Restaurants, Offices of Certified Public Accountants
- ✓Competitive Terms: Average interest rate of 7.31% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $115K to $271K, with an average of $200K
- ✓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 Metropolitan Economic Development Association SBA lending
What types of businesses does Metropolitan Economic Development Association typically finance?
Metropolitan Economic Development Association specializes in SBA 7(a) lending to specific industries including caterers, full-service restaurants, offices of certified public accountants, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Metropolitan Economic Development Association's typical SBA loan terms?
Metropolitan Economic Development Association's SBA 7(a) loans typically feature an average interest rate of 7.31% and average term length of 111 months (approximately 9 years). Loan sizes range from $115K to $271K, with an average loan size of $200K.
Do I need a business valuation for a Metropolitan Economic Development Association SBA loan?
Yes, Metropolitan Economic Development Association 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 Metropolitan Economic Development Association compare to other SBA lenders?
Metropolitan Economic Development Association has originated 32 SBA loans totaling $6.4M 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 Metropolitan Economic Development Association lend in?
Metropolitan Economic Development Association 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.
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