Pioneer Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Pioneer Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 48 | $12.2M | $255K | 9.5% |
| 311920 | Coffee and Tea Manufacturing | 40 | $32.8M | $821K | 7.9% |
| 484110 | General Freight Trucking, Local | 24 | $3.9M | $163K | 4.8% |
| 333415 | Air-Conditioning and Warm Air Heating Equipment and Commercial and Ind | 24 | $7.6M | $317K | 4.8% |
| 312120 | Breweries | 24 | $6.2M | $259K | 4.8% |
| 423930 | Recyclable Material Merchant Wholesalers | 16 | $13.8M | $864K | 3.2% |
| 722330 | Mobile Food Services | 16 | $1.1M | $67K | 3.2% |
| 327110 | Pottery, Ceramics, and Plumbing Fixture Manufacturing | 16 | $1.8M | $110K | 3.2% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 16 | $840K | $53K | 3.2% |
| 236118 | Residential Remodelers | 16 | $6.1M | $383K | 3.2% |
Geographic Distribution
SBA lending activity for Pioneer Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 408 | $223.9M | 81.0% |
| Virginia (VA) | 40 | $13.2M | 7.9% |
| Iowa (IA) | 8 | $4.8M | 1.6% |
| New Mexico (NM) | 32 | $3.7M | 6.3% |
| Texas (TX) | 8 | $1.6M | 1.6% |
| Nevada (NV) | 8 | $280K | 1.6% |
Why Choose Pioneer Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 504 SBA loans approved, totaling $247.4M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Coffee and Tea Manufacturing, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 6.21% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $491K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in MN, VA, NM
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 Pioneer Bank SBA lending
What types of businesses does Pioneer Bank typically finance?
Pioneer Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), coffee and tea manufacturing, general freight trucking, local, air-conditioning and warm air heating equipment and commercial and ind. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Pioneer Bank's typical SBA loan terms?
Pioneer Bank's SBA 7(a) loans typically feature an average interest rate of 6.21% and average term length of 113 months (approximately 9 years). Loan sizes range from $5K to $5.0M, with an average loan size of $491K.
Do I need a business valuation for a Pioneer Bank SBA loan?
Yes, Pioneer 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 Pioneer Bank compare to other SBA lenders?
Pioneer Bank has originated 504 SBA loans totaling $247.4M 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 Pioneer Bank lend in?
Pioneer Bank provides SBA 7(a) financing with particularly strong presence in MN, VA, NM, TX, NV. 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?
Professional valuations are often required for SBA loans over $250,000.
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