Reliance Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Reliance Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 237310 | Highway, Street, and Bridge Construction | 8 | $2.4M | $300K | 50.0% |
| 484110 | General Freight Trucking, Local | 8 | $800K | $100K | 50.0% |
Geographic Distribution
SBA lending activity for Reliance Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 16 | $3.2M | 100.0% |
Why Choose Reliance Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Highway, Street, and Bridge Construction, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 7.38% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $100K to $300K, with an average of $200K
- ✓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 Reliance Bank SBA lending
What types of businesses does Reliance Bank typically finance?
Reliance Bank specializes in SBA 7(a) lending to specific industries including highway, street, and bridge construction, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Reliance Bank's typical SBA loan terms?
Reliance Bank's SBA 7(a) loans typically feature an average interest rate of 7.38% and average term length of 60 months (approximately 5 years). Loan sizes range from $100K to $300K, with an average loan size of $200K.
Do I need a business valuation for a Reliance Bank SBA loan?
Yes, Reliance Bank 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 Reliance Bank compare to other SBA lenders?
Reliance Bank has originated 16 SBA loans totaling $3.2M 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 Reliance Bank lend in?
Reliance Bank 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?
Professional valuations are often required for SBA loans over $250,000.
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