Security State Bank of Maple Lake
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security State Bank of Maple Lake · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $93K | $46K | 8.3% |
| 441222 | Boat Dealers | 2 | $100K | $50K | 8.3% |
| 561730 | Landscaping Services | 1 | $100K | $100K | 4.2% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $250K | $250K | 4.2% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $90K | $90K | 4.2% |
| 541430 | Graphic Design Services | 1 | $15K | $15K | 4.2% |
Geographic Distribution
SBA lending activity for Security State Bank of Maple Lake by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 24 | $3.1M | 100.0% |
Why Choose Security State Bank of Maple Lake?
Based on SBA 7(a) lending track record from 1991-2007
- ✓Proven Track Record: 24 SBA loans approved, totaling $3.1M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Boat Dealers, Landscaping Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $13K to $653K, with an average of $127K
- ✓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 Security State Bank of Maple Lake SBA lending
What types of businesses does Security State Bank of Maple Lake typically finance?
Security State Bank of Maple Lake specializes in SBA 7(a) lending to specific industries including general automotive repair, boat dealers, landscaping services, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security State Bank of Maple Lake's typical SBA loan terms?
Security State Bank of Maple Lake's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $13K to $653K, with an average loan size of $127K.
Do I need a business valuation for a Security State Bank of Maple Lake SBA loan?
Yes, Security State Bank of Maple Lake 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 State Bank of Maple Lake compare to other SBA lenders?
Security State Bank of Maple Lake has originated 24 SBA loans totaling $3.1M 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 Security State Bank of Maple Lake lend in?
Security State Bank of Maple Lake 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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