Solutions North Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Solutions North Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 4 | $734K | $183K | 4.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 4 | $331K | $83K | 4.4% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | $186K | $62K | 3.3% |
| 327320 | Ready-Mix Concrete Manufacturing | 2 | $211K | $106K | 2.2% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $200K | $100K | 2.2% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $214K | $107K | 2.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $1.3M | $670K | 2.2% |
| 336212 | Truck Trailer Manufacturing | 2 | $400K | $200K | 2.2% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 2 | $210K | $105K | 2.2% |
| 115112 | Soil Preparation, Planting, and Cultivating | 2 | $180K | $90K | 2.2% |
Geographic Distribution
SBA lending activity for Solutions North Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 81 | $13.8M | 90.0% |
| Missouri (MO) | 1 | $2.3M | 1.1% |
| Oklahoma (OK) | 7 | $1.4M | 7.8% |
| Texas (TX) | 1 | $132K | 1.1% |
Why Choose Solutions North Bank?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 90 SBA loans approved, totaling $17.6M in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, General Freight Trucking, Long-Distance, Truckload, Automotive Body, Paint, and Interior Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.63% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $5K to $2.3M, with an average of $196K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in KS, OK, TX
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 Solutions North Bank SBA lending
What types of businesses does Solutions North Bank typically finance?
Solutions North Bank specializes in SBA 7(a) lending to specific industries including residential remodelers, general freight trucking, long-distance, truckload, automotive body, paint, and interior repair and maintenance, ready-mix concrete manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Solutions North Bank's typical SBA loan terms?
Solutions North Bank's SBA 7(a) loans typically feature an average interest rate of 6.63% and average term length of 112 months (approximately 9 years). Loan sizes range from $5K to $2.3M, with an average loan size of $196K.
Do I need a business valuation for a Solutions North Bank SBA loan?
Yes, Solutions North 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 Solutions North Bank compare to other SBA lenders?
Solutions North Bank has originated 90 SBA loans totaling $17.6M 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 Solutions North Bank lend in?
Solutions North Bank provides SBA 7(a) financing with particularly strong presence in KS, OK, TX, MO. 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.
Get your certified valuation from Fair Market Value.