Monroe Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Monroe Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424120 | Stationery and Office Supplies Merchant Wholesalers | 1 | $110K | $110K | 25.0% |
| 541410 | Interior Design Services | 1 | $123K | $123K | 25.0% |
| 621320 | Offices of Optometrists | 1 | $130K | $130K | 25.0% |
Geographic Distribution
SBA lending activity for Monroe Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 4 | $513K | 100.0% |
Why Choose Monroe Bank?
Based on SBA 7(a) lending track record from 2003-2006
- ✓Proven Track Record: 4 SBA loans approved, totaling $513K in financing
- ✓Industry Expertise: Specialized focus on Stationery and Office Supplies Merchant Wholesalers, Interior Design Services, Offices of Optometrists
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 73 months
- ✓Loan Range: Loan sizes from $110K to $150K, with an average of $128K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Monroe Bank SBA lending
What types of businesses does Monroe Bank typically finance?
Monroe Bank specializes in SBA 7(a) lending to specific industries including stationery and office supplies merchant wholesalers, interior design services, offices of optometrists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Monroe Bank's typical SBA loan terms?
Monroe Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 73 months (approximately 6 years). Loan sizes range from $110K to $150K, with an average loan size of $128K.
Do I need a business valuation for a Monroe Bank SBA loan?
Yes, Monroe 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 Monroe Bank compare to other SBA lenders?
Monroe Bank has originated 4 SBA loans totaling $513K since 2003. 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 Monroe Bank lend in?
Monroe Bank provides SBA 7(a) financing with particularly strong presence in IN. 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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