Plains Commerce Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Plains Commerce Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $478K | $159K | 7.5% |
| 624410 | Child Care Services | 3 | $241K | $80K | 7.5% |
| 336211 | Motor Vehicle Body Manufacturing | 2 | $300K | $150K | 5.0% |
| 484110 | General Freight Trucking, Local | 2 | $46K | $23K | 5.0% |
| 339999 | All Other Miscellaneous Manufacturing | 2 | $434K | $217K | 5.0% |
| 333924 | Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing | 2 | $600K | $300K | 5.0% |
| 541512 | Computer Systems Design Services | 2 | $151K | $76K | 5.0% |
| 323113 | Commercial Screen Printing | 1 | $115K | $115K | 2.5% |
| 333120 | Construction Machinery Manufacturing | 1 | $770K | $770K | 2.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $80K | $80K | 2.5% |
Geographic Distribution
SBA lending activity for Plains Commerce Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Dakota (SD) | 34 | $8.7M | 85.0% |
| Iowa (IA) | 2 | $1.2M | 5.0% |
| North Dakota (ND) | 4 | $492K | 10.0% |
Why Choose Plains Commerce Bank?
Based on SBA 7(a) lending track record from 1991-2023
- ✓Proven Track Record: 40 SBA loans approved, totaling $10.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Child Care Services, Motor Vehicle Body Manufacturing
- ✓Competitive Terms: Average interest rate of 6.11% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $14K to $4.2M, with an average of $259K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in SD, ND, 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 Plains Commerce Bank SBA lending
What types of businesses does Plains Commerce Bank typically finance?
Plains Commerce Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, child care services, motor vehicle body manufacturing, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Plains Commerce Bank's typical SBA loan terms?
Plains Commerce Bank's SBA 7(a) loans typically feature an average interest rate of 6.11% and average term length of 95 months (approximately 8 years). Loan sizes range from $14K to $4.2M, with an average loan size of $259K.
Do I need a business valuation for a Plains Commerce Bank SBA loan?
Yes, Plains Commerce 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 Plains Commerce Bank compare to other SBA lenders?
Plains Commerce Bank has originated 40 SBA loans totaling $10.4M 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 Plains Commerce Bank lend in?
Plains Commerce Bank provides SBA 7(a) financing with particularly strong presence in SD, ND, 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.
Get your certified valuation from Fair Market Value.