North American Banking Company
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by North American Banking Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423930 | Recyclable Material Merchant Wholesalers | 32 | $8.2M | $256K | 26.7% |
| 624410 | Child Day Care Services | 16 | $1.3M | $80K | 13.3% |
| 561720 | Janitorial Services | 16 | $6.4M | $400K | 13.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $1.0M | $65K | 13.3% |
| 334519 | Other Measuring and Controlling Device Manufacturing | 16 | $6.0M | $375K | 13.3% |
| 332710 | Machine Shops | 8 | $7.3M | $910K | 6.7% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $2.4M | $300K | 6.7% |
| 722513 | Limited-Service Restaurants | 8 | $3.2M | $400K | 6.7% |
Geographic Distribution
SBA lending activity for North American Banking Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 120 | $35.8M | 100.0% |
Why Choose North American Banking Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $35.8M in financing
- ✓Industry Expertise: Specialized focus on Recyclable Material Merchant Wholesalers, Child Day Care Services, Janitorial Services
- ✓Competitive Terms: Average interest rate of 5.16% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $30K to $910K, with an average of $298K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 North American Banking Company SBA lending
What types of businesses does North American Banking Company typically finance?
North American Banking Company specializes in SBA 7(a) lending to specific industries including recyclable material merchant wholesalers, child day care services, janitorial services, offices of all other miscellaneous health practitioners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North American Banking Company's typical SBA loan terms?
North American Banking Company's SBA 7(a) loans typically feature an average interest rate of 5.16% and average term length of 72 months (approximately 6 years). Loan sizes range from $30K to $910K, with an average loan size of $298K.
Do I need a business valuation for a North American Banking Company SBA loan?
Yes, North American Banking Company 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 North American Banking Company compare to other SBA lenders?
North American Banking Company has originated 120 SBA loans totaling $35.8M since 2020. 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 North American Banking Company lend in?
North American Banking Company provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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