Profinium Financial Holdings Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Profinium Financial Holdings Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562111 | Solid Waste Collection | 2 | $500K | $250K | 100.0% |
Geographic Distribution
SBA lending activity for Profinium Financial Holdings Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 2 | $500K | 100.0% |
Why Choose Profinium Financial Holdings Inc?
Based on SBA 7(a) lending track record from 2010-2011
- ✓Proven Track Record: 2 SBA loans approved, totaling $500K in financing
- ✓Industry Expertise: Specialized focus on Solid Waste Collection
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $240K to $260K, with an average of $250K
- ✓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 Profinium Financial Holdings Inc SBA lending
What types of businesses does Profinium Financial Holdings Inc typically finance?
Profinium Financial Holdings Inc specializes in SBA 7(a) lending to specific industries including solid waste collection. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Profinium Financial Holdings Inc's typical SBA loan terms?
Profinium Financial Holdings Inc's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 60 months (approximately 5 years). Loan sizes range from $240K to $260K, with an average loan size of $250K.
Do I need a business valuation for a Profinium Financial Holdings Inc SBA loan?
Yes, Profinium Financial Holdings Inc 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 Profinium Financial Holdings Inc compare to other SBA lenders?
Profinium Financial Holdings Inc has originated 2 SBA loans totaling $500K since 2010. 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 Profinium Financial Holdings Inc lend in?
Profinium Financial Holdings Inc 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.
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