Mississippi River Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mississippi River Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 1 | $140K | $140K | 4.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $49K | $49K | 4.0% |
| 541810 | Advertising Agencies | 1 | $20K | $20K | 4.0% |
| 336612 | Boat Building | 1 | $833K | $833K | 4.0% |
| 441222 | Boat Dealers | 1 | $133K | $133K | 4.0% |
Geographic Distribution
SBA lending activity for Mississippi River Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Louisiana (LA) | 24 | $4.3M | 96.0% |
| Mississippi (MS) | 1 | $49K | 4.0% |
Why Choose Mississippi River Bank?
Based on SBA 7(a) lending track record from 1991-2005
- ✓Proven Track Record: 25 SBA loans approved, totaling $4.3M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Coin-Operated Laundries and Drycleaners, Advertising Agencies
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $20K to $833K, with an average of $173K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in LA, MS
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 Mississippi River Bank SBA lending
What types of businesses does Mississippi River Bank typically finance?
Mississippi River Bank specializes in SBA 7(a) lending to specific industries including car washes, coin-operated laundries and drycleaners, advertising agencies, boat building. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mississippi River Bank's typical SBA loan terms?
Mississippi River Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 107 months (approximately 9 years). Loan sizes range from $20K to $833K, with an average loan size of $173K.
Do I need a business valuation for a Mississippi River Bank SBA loan?
Yes, Mississippi River 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 Mississippi River Bank compare to other SBA lenders?
Mississippi River Bank has originated 25 SBA loans totaling $4.3M 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 Mississippi River Bank lend in?
Mississippi River Bank provides SBA 7(a) financing with particularly strong presence in LA, MS. 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.
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