Primebank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Primebank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 2 | $226K | $113K | 4.4% |
| 336212 | Truck Trailer Manufacturing | 2 | $350K | $175K | 4.4% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $160K | $80K | 4.4% |
| 423820 | Farm and Garden Machinery and Equipment Merchant Wholesalers | 2 | $820K | $410K | 4.4% |
| 561730 | Landscaping Services | 2 | $411K | $206K | 4.4% |
| 541850 | Indoor and Outdoor Display Advertising | 1 | $34K | $34K | 2.2% |
| 484110 | General Freight Trucking, Local | 1 | $248K | $248K | 2.2% |
| 423330 | Roofing, Siding, and Insulation Material Merchant Wholesalers | 1 | $250K | $250K | 2.2% |
| 812199 | Other Personal Care Services | 1 | $115K | $115K | 2.2% |
| 541614 | Process, Physical Distribution, and Logistics Consulting Services | 1 | $50K | $50K | 2.2% |
Geographic Distribution
SBA lending activity for Primebank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 44 | $8.2M | 97.8% |
| Missouri (MO) | 1 | $105K | 2.2% |
Why Choose Primebank?
Based on SBA 7(a) lending track record from 1991-2012
- ✓Proven Track Record: 45 SBA loans approved, totaling $8.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Truck Trailer Manufacturing, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 5.83% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $11K to $733K, with an average of $186K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, MO
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 Primebank SBA lending
What types of businesses does Primebank typically finance?
Primebank specializes in SBA 7(a) lending to specific industries including offices of dentists, truck trailer manufacturing, fitness and recreational sports centers, farm and garden machinery and equipment merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Primebank's typical SBA loan terms?
Primebank's SBA 7(a) loans typically feature an average interest rate of 5.83% and average term length of 111 months (approximately 9 years). Loan sizes range from $11K to $733K, with an average loan size of $186K.
Do I need a business valuation for a Primebank SBA loan?
Yes, Primebank 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 Primebank compare to other SBA lenders?
Primebank has originated 45 SBA loans totaling $8.3M 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 Primebank lend in?
Primebank provides SBA 7(a) financing with particularly strong presence in IA, MO. 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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