North American Savings Bank, F.S.B.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North American Savings Bank, F.S.B. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $130K | $65K | 40.0% |
Geographic Distribution
SBA lending activity for North American Savings Bank, F.S.B. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Missouri (MO) | 5 | $327K | 100.0% |
Why Choose North American Savings Bank, F.S.B.?
Based on SBA 7(a) lending track record from 1995-1998
- ✓Proven Track Record: 5 SBA loans approved, totaling $327K in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $34K to $100K, with an average of $65K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MO
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 Savings Bank, F.S.B. SBA lending
What types of businesses does North American Savings Bank, F.S.B. typically finance?
North American Savings Bank, F.S.B. specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North American Savings Bank, F.S.B.'s typical SBA loan terms?
North American Savings Bank, F.S.B.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 106 months (approximately 9 years). Loan sizes range from $34K to $100K, with an average loan size of $65K.
Do I need a business valuation for a North American Savings Bank, F.S.B. SBA loan?
Yes, North American Savings Bank, F.S.B. 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 Savings Bank, F.S.B. compare to other SBA lenders?
North American Savings Bank, F.S.B. has originated 5 SBA loans totaling $327K 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 North American Savings Bank, F.S.B. lend in?
North American Savings Bank, F.S.B. provides SBA 7(a) financing with particularly strong presence in MO. 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.
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Certified valuations are often required for SBA loans over $250,000.
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