Sunrise Banks National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sunrise Banks National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 304 | $125.2M | $412K | 19.1% |
| 722513 | Limited-Service Restaurants | 136 | $34.8M | $256K | 8.5% |
| 812112 | Beauty Salons | 56 | $5.3M | $95K | 3.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 48 | $8.5M | $177K | 3.0% |
| 312120 | Breweries | 48 | $21.2M | $441K | 3.0% |
| 621310 | Offices of Chiropractors | 40 | $3.2M | $79K | 2.5% |
| 812199 | Other Personal Care Services | 40 | $7.9M | $196K | 2.5% |
| 541310 | Architectural Services | 40 | $4.7M | $117K | 2.5% |
| 455219 | Other | 32 | $19.9M | $621K | 2.0% |
| 444130 | Hardware Stores | 32 | $4.3M | $134K | 2.0% |
Geographic Distribution
SBA lending activity for Sunrise Banks National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1,528 | $520.1M | 96.0% |
| California (CA) | 8 | $14.9M | 0.5% |
| South Dakota (SD) | 24 | $12.8M | 1.5% |
| Wisconsin (WI) | 24 | $11.2M | 1.5% |
| Illinois (IL) | 8 | $3.7M | 0.5% |
Why Choose Sunrise Banks National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,592 SBA loans approved, totaling $562.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.75% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $10K to $4.5M, with an average of $353K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MN, WI, SD
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 Sunrise Banks National Association SBA lending
What types of businesses does Sunrise Banks National Association typically finance?
Sunrise Banks National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, beauty salons, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sunrise Banks National Association's typical SBA loan terms?
Sunrise Banks National Association's SBA 7(a) loans typically feature an average interest rate of 7.75% and average term length of 130 months (approximately 11 years). Loan sizes range from $10K to $4.5M, with an average loan size of $353K.
Do I need a business valuation for a Sunrise Banks National Association SBA loan?
Yes, Sunrise Banks 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 Sunrise Banks National Association compare to other SBA lenders?
Sunrise Banks National Association has originated 1,592 SBA loans totaling $562.7M 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 Sunrise Banks National Association lend in?
Sunrise Banks National Association provides SBA 7(a) financing with particularly strong presence in MN, WI, SD, CA, 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.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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