PrinsBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PrinsBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811192 | Car Washes | 4 | $1.1M | $284K | 10.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $2.6M | $1.3M | 5.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $366K | $183K | 5.0% |
| 321211 | Hardwood Veneer and Plywood Manufacturing | 1 | $1.2M | $1.2M | 2.5% |
| 441120 | Used Car Dealers | 1 | $580K | $580K | 2.5% |
| 561410 | Document Preparation Services | 1 | $248K | $248K | 2.5% |
| 541430 | Graphic Design Services | 1 | $120K | $120K | 2.5% |
| 335313 | Switchgear and Switchboard Apparatus Manufacturing | 1 | $130K | $130K | 2.5% |
| 333111 | Farm Machinery and Equipment Manufacturing | 1 | $350K | $350K | 2.5% |
Geographic Distribution
SBA lending activity for PrinsBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 6 | $6.8M | 15.0% |
| New York (NY) | 9 | $2.9M | 22.5% |
| South Dakota (SD) | 1 | $2.0M | 2.5% |
| Texas (TX) | 11 | $1.9M | 27.5% |
| Minnesota (MN) | 6 | $1.0M | 15.0% |
| California (CA) | 2 | $828K | 5.0% |
| Mississippi (MS) | 1 | $400K | 2.5% |
| New Mexico (NM) | 2 | $351K | 5.0% |
| Tennessee (TN) | 1 | $220K | 2.5% |
| Iowa (IA) | 1 | $93K | 2.5% |
Why Choose PrinsBank?
Based on SBA 7(a) lending track record from 1992-2015
- ✓Proven Track Record: 40 SBA loans approved, totaling $16.5M in financing
- ✓Industry Expertise: Specialized focus on Car Washes, Hotels (except Casino Hotels) and Motels, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $22K to $2.2M, with an average of $412K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in TX, NY, 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 PrinsBank SBA lending
What types of businesses does PrinsBank typically finance?
PrinsBank specializes in SBA 7(a) lending to specific industries including car washes, hotels (except casino hotels) and motels, supermarkets and other grocery retailers (except convenience retailers), hardwood veneer and plywood manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PrinsBank's typical SBA loan terms?
PrinsBank's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 154 months (approximately 13 years). Loan sizes range from $22K to $2.2M, with an average loan size of $412K.
Do I need a business valuation for a PrinsBank SBA loan?
Yes, PrinsBank 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 PrinsBank compare to other SBA lenders?
PrinsBank has originated 40 SBA loans totaling $16.5M since 1992. 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 PrinsBank lend in?
PrinsBank provides SBA 7(a) financing with particularly strong presence in TX, NY, MN, WI, NM. 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.