My Kind of Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by My Kind of Bank National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238110 | Poured Concrete Foundation and Structure Contractors | 7 | $1.4M | $206K | 4.0% |
| 722511 | Full-Service Restaurants | 7 | $719K | $103K | 4.0% |
| 811111 | General Automotive Repair | 6 | $535K | $89K | 3.4% |
| 721214 | Recreational and Vacation Camps (except Campgrounds) | 4 | $1.0M | $260K | 2.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $293K | $98K | 1.7% |
| 812112 | Beauty Salons | 3 | $341K | $114K | 1.7% |
| 713950 | Bowling Centers | 3 | $197K | $66K | 1.7% |
| 441222 | Boat Dealers | 3 | $330K | $110K | 1.7% |
| 623312 | Assisted Living Facilities for the Elderly | 2 | $321K | $161K | 1.1% |
| 237310 | Highway, Street, and Bridge Construction | 2 | $615K | $308K | 1.1% |
Geographic Distribution
SBA lending activity for My Kind of Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 176 | $22.1M | 99.4% |
| Alaska (AK) | 1 | $77K | 0.6% |
Why Choose My Kind of Bank National Association?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 177 SBA loans approved, totaling $22.2M in financing
- ✓Industry Expertise: Specialized focus on Poured Concrete Foundation and Structure Contractors, Full-Service Restaurants, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.51% with flexible term lengths averaging 139 months
- ✓Loan Range: Loan sizes from $5K to $2.0M, with an average of $126K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, AK
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 My Kind of Bank National Association SBA lending
What types of businesses does My Kind of Bank National Association typically finance?
My Kind of Bank National Association specializes in SBA 7(a) lending to specific industries including poured concrete foundation and structure contractors, full-service restaurants, general automotive repair, recreational and vacation camps (except campgrounds). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are My Kind of Bank National Association's typical SBA loan terms?
My Kind of Bank National Association's SBA 7(a) loans typically feature an average interest rate of 6.51% and average term length of 139 months (approximately 12 years). Loan sizes range from $5K to $2.0M, with an average loan size of $126K.
Do I need a business valuation for a My Kind of Bank National Association SBA loan?
Yes, My Kind of Bank National 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 My Kind of Bank National Association compare to other SBA lenders?
My Kind of Bank National Association has originated 177 SBA loans totaling $22.2M 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 My Kind of Bank National Association lend in?
My Kind of Bank National Association provides SBA 7(a) financing with particularly strong presence in MN, AK. 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.
Get your certified valuation from Fair Market Value.