Mutual Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mutual Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $30K | $30K | 4.2% |
| 238130 | Framing Contractors | 1 | $14K | $14K | 4.2% |
| 238990 | All Other Specialty Trade Contractors | 1 | $10K | $10K | 4.2% |
| 541211 | Offices of Certified Public Accountants | 1 | $156K | $156K | 4.2% |
| 812990 | All Other Personal Services | 1 | $15K | $15K | 4.2% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $609K | $609K | 4.2% |
| 561790 | Other Services to Buildings and Dwellings | 1 | $50K | $50K | 4.2% |
| 722320 | Caterers | 1 | $1.5M | $1.5M | 4.2% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $40K | $40K | 4.2% |
| 541810 | Advertising Agencies | 1 | $30K | $30K | 4.2% |
Geographic Distribution
SBA lending activity for Mutual Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 24 | $4.0M | 100.0% |
Why Choose Mutual Savings Bank?
Based on SBA 7(a) lending track record from 1998-2018
- ✓Proven Track Record: 24 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Framing Contractors, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 5.64% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $10K to $1.5M, with an average of $169K
- ✓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 Mutual Savings Bank SBA lending
What types of businesses does Mutual Savings Bank typically finance?
Mutual Savings Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, framing contractors, all other specialty trade contractors, offices of certified public accountants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mutual Savings Bank's typical SBA loan terms?
Mutual Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.64% and average term length of 118 months (approximately 10 years). Loan sizes range from $10K to $1.5M, with an average loan size of $169K.
Do I need a business valuation for a Mutual Savings Bank SBA loan?
Yes, Mutual Savings 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 Mutual Savings Bank compare to other SBA lenders?
Mutual Savings Bank has originated 24 SBA loans totaling $4.0M since 1998. 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 Mutual Savings Bank lend in?
Mutual Savings 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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