State Bank of Lincoln
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by State Bank of Lincoln · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $70K | $70K | 100.0% |
Geographic Distribution
SBA lending activity for State Bank of Lincoln by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $70K | 100.0% |
Why Choose State Bank of Lincoln?
Based on SBA 7(a) lending track record from 1998-1998
- ✓Proven Track Record: 1 SBA loans approved, totaling $70K in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 204 months
- ✓Loan Range: Loan sizes from $70K to $70K, with an average of $70K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 of Lincoln SBA lending
What types of businesses does State Bank of Lincoln typically finance?
State Bank of Lincoln specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank of Lincoln's typical SBA loan terms?
State Bank of Lincoln's SBA 7(a) loans typically feature an average interest rate of — and average term length of 204 months (approximately 17 years). Loan sizes range from $70K to $70K, with an average loan size of $70K.
Do I need a business valuation for a State Bank of Lincoln SBA loan?
Yes, State Bank of Lincoln 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 of Lincoln compare to other SBA lenders?
State Bank of Lincoln has originated 1 SBA loans totaling $70K since 1998. 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 of Lincoln lend in?
State Bank of Lincoln provides SBA 7(a) financing with particularly strong presence in IL. 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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Certified valuations are often required for SBA loans over $250,000.
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