Starion Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Starion Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 40 | $8.1M | $203K | 15.6% |
| 541613 | Marketing Consulting Services | 24 | $520K | $22K | 9.4% |
| 611110 | Elementary and Secondary Schools | 16 | $920K | $58K | 6.3% |
| 446110 | Pharmacies and Drug Stores | 16 | $3.4M | $213K | 6.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $2.7M | $167K | 6.3% |
| 812112 | Beauty Salons | 16 | $2.8M | $175K | 6.3% |
| 456110 | Other | 16 | $2.6M | $163K | 6.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 16 | $2.4M | $150K | 6.3% |
| 238910 | Site Preparation Contractors | 8 | $880K | $110K | 3.1% |
| 312140 | Distilleries | 8 | $925K | $116K | 3.1% |
Geographic Distribution
SBA lending activity for Starion Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 208 | $35.4M | 81.3% |
| Wisconsin (WI) | 16 | $4.7M | 6.3% |
| Minnesota (MN) | 32 | $3.6M | 12.5% |
Why Choose Starion Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 256 SBA loans approved, totaling $43.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Marketing Consulting Services, Elementary and Secondary Schools
- ✓Competitive Terms: Average interest rate of 6.12% with flexible term lengths averaging 73 months
- ✓Loan Range: Loan sizes from $5K to $950K, with an average of $170K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in ND, MN, WI
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 Starion Bank SBA lending
What types of businesses does Starion Bank typically finance?
Starion Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, marketing consulting services, elementary and secondary schools, pharmacies and drug stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Starion Bank's typical SBA loan terms?
Starion Bank's SBA 7(a) loans typically feature an average interest rate of 6.12% and average term length of 73 months (approximately 6 years). Loan sizes range from $5K to $950K, with an average loan size of $170K.
Do I need a business valuation for a Starion Bank SBA loan?
Yes, Starion 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 Starion Bank compare to other SBA lenders?
Starion Bank has originated 256 SBA loans totaling $43.6M 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 Starion Bank lend in?
Starion Bank provides SBA 7(a) financing with particularly strong presence in ND, MN, WI. 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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