Prairie State Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Prairie State Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 458310 | Other | 8 | $4.0M | $500K | 50.0% |
| 524210 | Insurance Agencies and Brokerages | 8 | $2.4M | $300K | 50.0% |
Geographic Distribution
SBA lending activity for Prairie State Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 16 | $6.4M | 100.0% |
Why Choose Prairie State Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $6.4M in financing
- ✓Industry Expertise: Specialized focus on Other, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 5.81% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $300K to $500K, with an average of $400K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Prairie State Bank and Trust SBA lending
What types of businesses does Prairie State Bank and Trust typically finance?
Prairie State Bank and Trust specializes in SBA 7(a) lending to specific industries including other, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Prairie State Bank and Trust's typical SBA loan terms?
Prairie State Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 5.81% and average term length of 135 months (approximately 11 years). Loan sizes range from $300K to $500K, with an average loan size of $400K.
Do I need a business valuation for a Prairie State Bank and Trust SBA loan?
Yes, Prairie State Bank and Trust 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 Prairie State Bank and Trust compare to other SBA lenders?
Prairie State Bank and Trust has originated 16 SBA loans totaling $6.4M 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 Prairie State Bank and Trust lend in?
Prairie State Bank and Trust provides SBA 7(a) financing with particularly strong presence in IL. 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.
Get your certified valuation from Fair Market Value.