Pilot Grove Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Pilot Grove Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 3 | $1.6M | $550K | 4.5% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $250K | $125K | 3.0% |
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $72K | $72K | 1.5% |
| 339950 | Sign Manufacturing | 1 | $152K | $152K | 1.5% |
| 812112 | Beauty Salons | 1 | $25K | $25K | 1.5% |
| 624410 | Child Care Services | 1 | $250K | $250K | 1.5% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 1 | $21K | $21K | 1.5% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 1 | $427K | $427K | 1.5% |
| 713950 | Bowling Centers | 1 | $25K | $25K | 1.5% |
| 112990 | All Other Animal Production | 1 | $170K | $170K | 1.5% |
Geographic Distribution
SBA lending activity for Pilot Grove Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 66 | $12.7M | 100.0% |
Why Choose Pilot Grove Savings Bank?
Based on SBA 7(a) lending track record from 1991-2016
- ✓Proven Track Record: 66 SBA loans approved, totaling $12.7M in financing
- ✓Industry Expertise: Specialized focus on Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers, Fitness and Recreational Sports Centers, Carpet and Upholstery Cleaning Services
- ✓Competitive Terms: Average interest rate of 5.25% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $19K to $984K, with an average of $192K
- ✓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 Pilot Grove Savings Bank SBA lending
What types of businesses does Pilot Grove Savings Bank typically finance?
Pilot Grove Savings Bank specializes in SBA 7(a) lending to specific industries including flower, nursery stock, and florists' supplies merchant wholesalers, fitness and recreational sports centers, carpet and upholstery cleaning services, sign manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Pilot Grove Savings Bank's typical SBA loan terms?
Pilot Grove Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.25% and average term length of 94 months (approximately 8 years). Loan sizes range from $19K to $984K, with an average loan size of $192K.
Do I need a business valuation for a Pilot Grove Savings Bank SBA loan?
Yes, Pilot Grove 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 Pilot Grove Savings Bank compare to other SBA lenders?
Pilot Grove Savings Bank has originated 66 SBA loans totaling $12.7M 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 Pilot Grove Savings Bank lend in?
Pilot Grove 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.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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