Security Bank USA
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Security Bank USA
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 72 | $2.2M | $31K | 5.5% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 72 | $11.0M | $152K | 5.5% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 72 | $2.1M | $30K | 5.5% |
| 238990 | All Other Specialty Trade Contractors | 64 | $6.2M | $97K | 4.9% |
| 561730 | Landscaping Services | 64 | $6.2M | $97K | 4.9% |
| 238910 | Site Preparation Contractors | 48 | $5.0M | $103K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $2.5M | $63K | 3.0% |
| 112111 | Beef Cattle Ranching and Farming | 40 | $4.2M | $105K | 3.0% |
| 721214 | Recreational and Vacation Camps (except Campgrounds) | 40 | $2.1M | $52K | 3.0% |
| 713990 | All Other Amusement and Recreation Industries | 40 | $3.0M | $74K | 3.0% |
Geographic Distribution
SBA lending activity for Security Bank USA by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1,256 | $141.6M | 95.7% |
| Tennessee (TN) | 24 | $4.0M | 1.8% |
| North Dakota (ND) | 16 | $3.3M | 1.2% |
| Arizona (AZ) | 8 | $1.2M | 0.6% |
| California (CA) | 8 | $646K | 0.6% |
Why Choose Security Bank USA?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,312 SBA loans approved, totaling $150.8M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Specialized Freight (except Used Goods) Trucking, Long-Distance, Specialized Freight (except Used Goods) Trucking, Local
- ✓Competitive Terms: Average interest rate of 6.77% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $5K to $1.5M, with an average of $115K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MN, TN, ND
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 Security Bank USA SBA lending
What types of businesses does Security Bank USA typically finance?
Security Bank USA specializes in SBA 7(a) lending to specific industries including general freight trucking, local, specialized freight (except used goods) trucking, long-distance, specialized freight (except used goods) trucking, local, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security Bank USA's typical SBA loan terms?
Security Bank USA's SBA 7(a) loans typically feature an average interest rate of 6.77% and average term length of 76 months (approximately 6 years). Loan sizes range from $5K to $1.5M, with an average loan size of $115K.
Do I need a business valuation for a Security Bank USA SBA loan?
Yes, Security Bank USA 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 Security Bank USA compare to other SBA lenders?
Security Bank USA has originated 1,312 SBA loans totaling $150.8M 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 Security Bank USA lend in?
Security Bank USA provides SBA 7(a) financing with particularly strong presence in MN, TN, ND, CA, AZ. 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?
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