Root River State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Root River State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $825K | $825K | 12.5% |
| 339999 | All Other Miscellaneous Manufacturing | 1 | $79K | $79K | 12.5% |
Geographic Distribution
SBA lending activity for Root River State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 8 | $3.3M | 100.0% |
Why Choose Root River State Bank?
Based on SBA 7(a) lending track record from 1991-2009
- ✓Proven Track Record: 8 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), All Other Miscellaneous Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 183 months
- ✓Loan Range: Loan sizes from $73K to $825K, with an average of $414K
- ✓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 Root River State Bank SBA lending
What types of businesses does Root River State Bank typically finance?
Root River State Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), all other miscellaneous manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Root River State Bank's typical SBA loan terms?
Root River State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 183 months (approximately 15 years). Loan sizes range from $73K to $825K, with an average loan size of $414K.
Do I need a business valuation for a Root River State Bank SBA loan?
Yes, Root River State 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 Root River State Bank compare to other SBA lenders?
Root River State Bank has originated 8 SBA loans totaling $3.3M 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 Root River State Bank lend in?
Root River State 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?
Certified valuations are often required for SBA loans over $250,000.
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