New Albin Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by New Albin Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332996 | Fabricated Pipe and Pipe Fitting Manufacturing | 1 | $49K | $49K | 100.0% |
Geographic Distribution
SBA lending activity for New Albin Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 1 | $49K | 100.0% |
Why Choose New Albin Savings Bank?
Based on SBA 7(a) lending track record from 1995-1995
- ✓Proven Track Record: 1 SBA loans approved, totaling $49K in financing
- ✓Industry Expertise: Specialized focus on Fabricated Pipe and Pipe Fitting Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $49K to $49K, with an average of $49K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 New Albin Savings Bank SBA lending
What types of businesses does New Albin Savings Bank typically finance?
New Albin Savings Bank specializes in SBA 7(a) lending to specific industries including fabricated pipe and pipe fitting manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are New Albin Savings Bank's typical SBA loan terms?
New Albin Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $49K to $49K, with an average loan size of $49K.
Do I need a business valuation for a New Albin Savings Bank SBA loan?
Yes, New Albin 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 New Albin Savings Bank compare to other SBA lenders?
New Albin Savings Bank has originated 1 SBA loans totaling $49K since 1995. 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 New Albin Savings Bank lend in?
New Albin Savings Bank provides SBA 7(a) financing with particularly strong presence in IA. 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.
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