State Bank of the Lakes, National Association
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by State Bank of the Lakes, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 40 | $16.9M | $424K | 13.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 32 | $12.1M | $379K | 11.1% |
| 621310 | Offices of Chiropractors | 24 | $4.0M | $167K | 8.3% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 24 | $6.1M | $253K | 8.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $3.3M | $207K | 5.6% |
| 711510 | Independent Artists, Writers, and Performers | 16 | $4.2M | $260K | 5.6% |
| 722511 | Full-Service Restaurants | 16 | $3.1M | $195K | 5.6% |
| 332710 | Machine Shops | 16 | $13.8M | $863K | 5.6% |
| 238140 | Masonry Contractors | 16 | $15.1M | $945K | 5.6% |
| 713990 | All Other Amusement and Recreation Industries | 16 | $6.9M | $430K | 5.6% |
Geographic Distribution
SBA lending activity for State Bank of the Lakes, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 224 | $151.2M | 77.8% |
| Wisconsin (WI) | 64 | $15.9M | 22.2% |
Why Choose State Bank of the Lakes, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 288 SBA loans approved, totaling $167.1M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Drinking Places (Alcoholic Beverages), Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 6.84% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $50K to $4.1M, with an average of $580K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, 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 State Bank of the Lakes, National Association SBA lending
What types of businesses does State Bank of the Lakes, National Association typically finance?
State Bank of the Lakes, National Association specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), drinking places (alcoholic beverages), offices of chiropractors, other personal and household goods repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank of the Lakes, National Association's typical SBA loan terms?
State Bank of the Lakes, National Association's SBA 7(a) loans typically feature an average interest rate of 6.84% and average term length of 137 months (approximately 11 years). Loan sizes range from $50K to $4.1M, with an average loan size of $580K.
Do I need a business valuation for a State Bank of the Lakes, National Association SBA loan?
Yes, State Bank of the Lakes, National Association 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 the Lakes, National Association compare to other SBA lenders?
State Bank of the Lakes, National Association has originated 288 SBA loans totaling $167.1M 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 the Lakes, National Association lend in?
State Bank of the Lakes, National Association provides SBA 7(a) financing with particularly strong presence in IL, 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.
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Professional valuations are often required for SBA loans over $250,000.
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