South Story Bank & Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by South Story Bank & Trust · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $6.2M | $2.1M | 11.1% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 1 | $129K | $129K | 3.7% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $700K | $700K | 3.7% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 1 | $100K | $100K | 3.7% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 1 | $3.3M | $3.3M | 3.7% |
| 621210 | Offices of Dentists | 1 | $776K | $776K | 3.7% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $150K | $150K | 3.7% |
| 541921 | Photography Studios, Portrait | 1 | $9K | $9K | 3.7% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 1 | $3.0M | $3.0M | 3.7% |
| 561720 | Janitorial Services | 1 | $470K | $470K | 3.7% |
Geographic Distribution
SBA lending activity for South Story Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 24 | $16.8M | 88.9% |
| Oregon (OR) | 2 | $5.7M | 7.4% |
| Minnesota (MN) | 1 | $5.0M | 3.7% |
Why Choose South Story Bank & Trust?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 27 SBA loans approved, totaling $27.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other Grocery and Related Products Merchant Wholesalers, Electrical Contractors and Other Wiring Installation Contractors
- ✓Competitive Terms: Average interest rate of 6.53% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $9K to $5.0M, with an average of $1.0M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in IA, OR, 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 South Story Bank & Trust SBA lending
What types of businesses does South Story Bank & Trust typically finance?
South Story Bank & Trust specializes in SBA 7(a) lending to specific industries including full-service restaurants, other grocery and related products merchant wholesalers, electrical contractors and other wiring installation contractors, wine and distilled alcoholic beverage merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are South Story Bank & Trust's typical SBA loan terms?
South Story Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.53% and average term length of 112 months (approximately 9 years). Loan sizes range from $9K to $5.0M, with an average loan size of $1.0M.
Do I need a business valuation for a South Story Bank & Trust SBA loan?
Yes, South Story Bank & Trust 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 South Story Bank & Trust compare to other SBA lenders?
South Story Bank & Trust has originated 27 SBA loans totaling $27.5M 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 South Story Bank & Trust lend in?
South Story Bank & Trust provides SBA 7(a) financing with particularly strong presence in IA, OR, 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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