The Bennington State Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by The Bennington State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $8.4M | $1.0M | 14.3% |
| 448310 | Jewelry Stores | 8 | $1.8M | $225K | 14.3% |
| 445320 | Other | 8 | $1.2M | $150K | 14.3% |
| 624410 | Child Day Care Services | 8 | $1.9M | $243K | 14.3% |
| 812220 | Cemeteries and Crematories | 8 | $3.0M | $373K | 14.3% |
| 441310 | Automotive Parts and Accessories Stores | 8 | $2.0M | $250K | 14.3% |
| 621210 | Offices of Dentists | 8 | $5.2M | $650K | 14.3% |
Geographic Distribution
SBA lending activity for The Bennington State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kansas (KS) | 48 | $18.3M | 85.7% |
| Missouri (MO) | 8 | $5.2M | 14.3% |
Why Choose The Bennington State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $23.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Jewelry Stores, Other
- ✓Competitive Terms: Average interest rate of 5.95% with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $150K to $1.0M, with an average of $420K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KS, MO
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 The Bennington State Bank SBA lending
What types of businesses does The Bennington State Bank typically finance?
The Bennington State Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, jewelry stores, other, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bennington State Bank's typical SBA loan terms?
The Bennington State Bank's SBA 7(a) loans typically feature an average interest rate of 5.95% and average term length of 140 months (approximately 12 years). Loan sizes range from $150K to $1.0M, with an average loan size of $420K.
Do I need a business valuation for a The Bennington State Bank SBA loan?
Yes, The Bennington State 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 The Bennington State Bank compare to other SBA lenders?
The Bennington State Bank has originated 56 SBA loans totaling $23.5M 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 The Bennington State Bank lend in?
The Bennington State Bank provides SBA 7(a) financing with particularly strong presence in KS, MO. 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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