Premier Bank Rochester
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Premier Bank Rochester · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 1 | $240K | $240K | 100.0% |
Geographic Distribution
SBA lending activity for Premier Bank Rochester by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1 | $240K | 100.0% |
Why Choose Premier Bank Rochester?
Based on SBA 7(a) lending track record from 2003-2003
- ✓Proven Track Record: 1 SBA loans approved, totaling $240K in financing
- ✓Industry Expertise: Specialized focus on Motor Vehicle Supplies and New Parts Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $240K to $240K, with an average of $240K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Premier Bank Rochester SBA lending
What types of businesses does Premier Bank Rochester typically finance?
Premier Bank Rochester specializes in SBA 7(a) lending to specific industries including motor vehicle supplies and new parts merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Premier Bank Rochester's typical SBA loan terms?
Premier Bank Rochester's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $240K to $240K, with an average loan size of $240K.
Do I need a business valuation for a Premier Bank Rochester SBA loan?
Yes, Premier Bank Rochester 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 Premier Bank Rochester compare to other SBA lenders?
Premier Bank Rochester has originated 1 SBA loans totaling $240K since 2003. 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 Premier Bank Rochester lend in?
Premier Bank Rochester provides SBA 7(a) financing with particularly strong presence in MN. 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.