Star Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Star Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 24 | $992K | $41K | 42.9% |
| 722511 | Full-Service Restaurants | 16 | $1.6M | $99K | 28.6% |
| 112111 | Beef Cattle Ranching and Farming | 8 | $1.2M | $151K | 14.3% |
| 425120 | Wholesale Trade Agents and Brokers | 8 | $200K | $25K | 14.3% |
Geographic Distribution
SBA lending activity for Star Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 56 | $4.0M | 100.0% |
Why Choose Star Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Full-Service Restaurants, Beef Cattle Ranching and Farming
- ✓Competitive Terms: Average interest rate of 7.57% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $10K to $184K, with an average of $71K
- ✓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 Star Bank SBA lending
What types of businesses does Star Bank typically finance?
Star Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, full-service restaurants, beef cattle ranching and farming, wholesale trade agents and brokers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Star Bank's typical SBA loan terms?
Star Bank's SBA 7(a) loans typically feature an average interest rate of 7.57% and average term length of 110 months (approximately 9 years). Loan sizes range from $10K to $184K, with an average loan size of $71K.
Do I need a business valuation for a Star Bank SBA loan?
Yes, Star 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 Star Bank compare to other SBA lenders?
Star Bank has originated 56 SBA loans totaling $4.0M since 2020. 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 Star Bank lend in?
Star Bank 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?
Professional valuations are often required for SBA loans over $250,000.
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