State Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by State Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 4 | $462K | $116K | 3.3% |
| 621310 | Offices of Chiropractors | 3 | $182K | $61K | 2.4% |
| 812310 | Coin-Operated Laundries and Drycleaners | 3 | $652K | $217K | 2.4% |
| 713950 | Bowling Centers | 3 | $399K | $133K | 2.4% |
| 722320 | Caterers | 2 | $176K | $88K | 1.6% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $559K | $280K | 1.6% |
| 722511 | Full-Service Restaurants | 2 | $322K | $161K | 1.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $627K | $313K | 1.6% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $87K | $43K | 1.6% |
| 562991 | Septic Tank and Related Services | 2 | $140K | $70K | 1.6% |
Geographic Distribution
SBA lending activity for State Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 73 | $13.7M | 59.3% |
| Michigan (MI) | 50 | $7.8M | 40.7% |
Why Choose State Savings Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 123 SBA loans approved, totaling $21.4M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Chiropractors, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 6.51% with flexible term lengths averaging 117 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $174K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IA, MI
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 Savings Bank SBA lending
What types of businesses does State Savings Bank typically finance?
State Savings Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of chiropractors, coin-operated laundries and drycleaners, bowling centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Savings Bank's typical SBA loan terms?
State Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.51% and average term length of 117 months (approximately 10 years). Loan sizes range from $5K to $5.0M, with an average loan size of $174K.
Do I need a business valuation for a State Savings Bank SBA loan?
Yes, State Savings 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 State Savings Bank compare to other SBA lenders?
State Savings Bank has originated 123 SBA loans totaling $21.4M 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 Savings Bank lend in?
State Savings Bank provides SBA 7(a) financing with particularly strong presence in IA, MI. 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?
Certified valuations are often required for SBA loans over $250,000.
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