State Bank of Taunton
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by State Bank of Taunton
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722330 | Mobile Food Services | 8 | $680K | $85K | 50.0% |
| 624410 | Child Day Care Services | 8 | $10.0M | $1.3M | 50.0% |
Geographic Distribution
SBA lending activity for State Bank of Taunton by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 16 | $10.7M | 100.0% |
Why Choose State Bank of Taunton?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $10.7M in financing
- ✓Industry Expertise: Specialized focus on Mobile Food Services, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 9.75% with flexible term lengths averaging 218 months
- ✓Loan Range: Loan sizes from $85K to $1.3M, with an average of $668K
- ✓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 State Bank of Taunton SBA lending
What types of businesses does State Bank of Taunton typically finance?
State Bank of Taunton specializes in SBA 7(a) lending to specific industries including mobile food services, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank of Taunton's typical SBA loan terms?
State Bank of Taunton's SBA 7(a) loans typically feature an average interest rate of 9.75% and average term length of 218 months (approximately 18 years). Loan sizes range from $85K to $1.3M, with an average loan size of $668K.
Do I need a business valuation for a State Bank of Taunton SBA loan?
Yes, State Bank of Taunton 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 Taunton compare to other SBA lenders?
State Bank of Taunton has originated 16 SBA loans totaling $10.7M 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 State Bank of Taunton lend in?
State Bank of Taunton 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.
Get your certified valuation from Fair Market Value.