STAR Financial Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by STAR Financial Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 96 | $8.9M | $92K | 7.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 96 | $35.2M | $367K | 7.5% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 48 | $4.9M | $103K | 3.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 48 | $8.6M | $179K | 3.8% |
| 812990 | All Other Personal Services | 40 | $1.5M | $38K | 3.1% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $5.0M | $155K | 2.5% |
| 238910 | Site Preparation Contractors | 32 | $6.6M | $208K | 2.5% |
| 236210 | Industrial Building Construction | 32 | $4.6M | $144K | 2.5% |
| 561499 | All Other Business Support Services | 32 | $12.0M | $376K | 2.5% |
| 561730 | Landscaping Services | 32 | $1.5M | $47K | 2.5% |
Geographic Distribution
SBA lending activity for STAR Financial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 1,272 | $274.3M | 99.4% |
| Michigan (MI) | 8 | $160K | 0.6% |
Why Choose STAR Financial Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,280 SBA loans approved, totaling $274.4M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, All Other Professional, Scientific, and Technical Services, Poured Concrete Foundation and Structure Contractors
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $10K to $2.3M, with an average of $214K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IN, MI
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 Financial Bank SBA lending
What types of businesses does STAR Financial Bank typically finance?
STAR Financial Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, all other professional, scientific, and technical services, poured concrete foundation and structure contractors, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are STAR Financial Bank's typical SBA loan terms?
STAR Financial Bank's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 115 months (approximately 10 years). Loan sizes range from $10K to $2.3M, with an average loan size of $214K.
Do I need a business valuation for a STAR Financial Bank SBA loan?
Yes, STAR Financial 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 Financial Bank compare to other SBA lenders?
STAR Financial Bank has originated 1,280 SBA loans totaling $274.4M 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 Financial Bank lend in?
STAR Financial Bank provides SBA 7(a) financing with particularly strong presence in IN, MI. 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.
Get your certified valuation from Fair Market Value.