Security State Bank of Wanamingo
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Security State Bank of Wanamingo · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 323111 | Commercial Printing (except Screen and Books) | 1 | $92K | $92K | 33.3% |
Geographic Distribution
SBA lending activity for Security State Bank of Wanamingo by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 3 | $592K | 100.0% |
Why Choose Security State Bank of Wanamingo?
Based on SBA 7(a) lending track record from 1991-1996
- ✓Proven Track Record: 3 SBA loans approved, totaling $592K in financing
- ✓Industry Expertise: Specialized focus on Commercial Printing (except Screen and Books)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $92K to $350K, with an average of $197K
- ✓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 Wanamingo SBA lending
What types of businesses does Security State Bank of Wanamingo typically finance?
Security State Bank of Wanamingo specializes in SBA 7(a) lending to specific industries including commercial printing (except screen and books). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Security State Bank of Wanamingo's typical SBA loan terms?
Security State Bank of Wanamingo's SBA 7(a) loans typically feature an average interest rate of — and average term length of 129 months (approximately 11 years). Loan sizes range from $92K to $350K, with an average loan size of $197K.
Do I need a business valuation for a Security State Bank of Wanamingo SBA loan?
Yes, Security State Bank of Wanamingo 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 Wanamingo compare to other SBA lenders?
Security State Bank of Wanamingo has originated 3 SBA loans totaling $592K 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 Wanamingo lend in?
Security State Bank of Wanamingo 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.
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Certified valuations are often required for SBA loans over $250,000.
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