The Converse County Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Converse County Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 4 | $780K | $195K | 5.9% |
| 238990 | All Other Specialty Trade Contractors | 3 | $305K | $102K | 4.4% |
| 213112 | Support Activities for Oil and Gas Operations | 3 | $643K | $214K | 4.4% |
| 811111 | General Automotive Repair | 3 | $356K | $119K | 4.4% |
| 213111 | Drilling Oil and Gas Wells | 2 | $1.1M | $550K | 2.9% |
| 311611 | Animal (except Poultry) Slaughtering | 2 | $236K | $118K | 2.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $100K | $100K | 1.5% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $51K | $51K | 1.5% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $170K | $170K | 1.5% |
| 424710 | Petroleum Bulk Stations and Terminals | 1 | $850K | $850K | 1.5% |
Geographic Distribution
SBA lending activity for The Converse County Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wyoming (WY) | 66 | $16.0M | 97.1% |
| Nevada (NV) | 2 | $200K | 2.9% |
Why Choose The Converse County Bank?
Based on SBA 7(a) lending track record from 1993-2018
- ✓Proven Track Record: 68 SBA loans approved, totaling $16.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, All Other Specialty Trade Contractors, Support Activities for Oil and Gas Operations
- ✓Competitive Terms: Average interest rate of 6.09% with flexible term lengths averaging 153 months
- ✓Loan Range: Loan sizes from $8K to $1.5M, with an average of $238K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in WY, NV
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 Converse County Bank SBA lending
What types of businesses does The Converse County Bank typically finance?
The Converse County Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, all other specialty trade contractors, support activities for oil and gas operations, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Converse County Bank's typical SBA loan terms?
The Converse County Bank's SBA 7(a) loans typically feature an average interest rate of 6.09% and average term length of 153 months (approximately 13 years). Loan sizes range from $8K to $1.5M, with an average loan size of $238K.
Do I need a business valuation for a The Converse County Bank SBA loan?
Yes, The Converse County 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 Converse County Bank compare to other SBA lenders?
The Converse County Bank has originated 68 SBA loans totaling $16.2M since 1993. 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 Converse County Bank lend in?
The Converse County Bank provides SBA 7(a) financing with particularly strong presence in WY, NV. 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.
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Certified valuations are often required for SBA loans over $250,000.
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