State Bank and Trust of Kenmare
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by State Bank and Trust of Kenmare · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 336214 | Travel Trailer and Camper Manufacturing | 2 | $432K | $216K | 16.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $40K | $40K | 8.3% |
| 811111 | General Automotive Repair | 1 | $170K | $170K | 8.3% |
Geographic Distribution
SBA lending activity for State Bank and Trust of Kenmare by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 12 | $1.5M | 100.0% |
Why Choose State Bank and Trust of Kenmare?
Based on SBA 7(a) lending track record from 1991-2003
- ✓Proven Track Record: 12 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Travel Trailer and Camper Manufacturing, Hotels (except Casino Hotels) and Motels, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $14K to $400K, with an average of $126K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 State Bank and Trust of Kenmare SBA lending
What types of businesses does State Bank and Trust of Kenmare typically finance?
State Bank and Trust of Kenmare specializes in SBA 7(a) lending to specific industries including travel trailer and camper manufacturing, hotels (except casino hotels) and motels, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank and Trust of Kenmare's typical SBA loan terms?
State Bank and Trust of Kenmare's SBA 7(a) loans typically feature an average interest rate of — and average term length of 103 months (approximately 9 years). Loan sizes range from $14K to $400K, with an average loan size of $126K.
Do I need a business valuation for a State Bank and Trust of Kenmare SBA loan?
Yes, State Bank and Trust of Kenmare 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 State Bank and Trust of Kenmare compare to other SBA lenders?
State Bank and Trust of Kenmare has originated 12 SBA loans totaling $1.5M 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 State Bank and Trust of Kenmare lend in?
State Bank and Trust of Kenmare provides SBA 7(a) financing with particularly strong presence in ND. 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.
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