Security State Bank of Oklee
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security State Bank of Oklee · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $102K | $51K | 50.0% |
| 112320 | Broilers and Other Meat Type Chicken Production | 1 | $100K | $100K | 25.0% |
Geographic Distribution
SBA lending activity for Security State Bank of Oklee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 4 | $236K | 100.0% |
Why Choose Security State Bank of Oklee?
Based on SBA 7(a) lending track record from 1993-2008
- ✓Proven Track Record: 4 SBA loans approved, totaling $236K in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Broilers and Other Meat Type Chicken Production
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $15K to $100K, with an average of $59K
- ✓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 Oklee SBA lending
What types of businesses does Security State Bank of Oklee typically finance?
Security State Bank of Oklee specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), broilers and other meat type chicken production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security State Bank of Oklee's typical SBA loan terms?
Security State Bank of Oklee's SBA 7(a) loans typically feature an average interest rate of — and average term length of 89 months (approximately 7 years). Loan sizes range from $15K to $100K, with an average loan size of $59K.
Do I need a business valuation for a Security State Bank of Oklee SBA loan?
Yes, Security State Bank of Oklee 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 Oklee compare to other SBA lenders?
Security State Bank of Oklee has originated 4 SBA loans totaling $236K since 1993. 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 Oklee lend in?
Security State Bank of Oklee 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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