The Elberfeld State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Elberfeld State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 327320 | Ready-Mix Concrete Manufacturing | 2 | $1.0M | $520K | 33.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $175K | $175K | 16.7% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 1 | $1.2M | $1.2M | 16.7% |
Geographic Distribution
SBA lending activity for The Elberfeld State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 6 | $3.5M | 100.0% |
Why Choose The Elberfeld State Bank?
Based on SBA 7(a) lending track record from 2007-2015
- ✓Proven Track Record: 6 SBA loans approved, totaling $3.5M in financing
- ✓Industry Expertise: Specialized focus on Ready-Mix Concrete Manufacturing, Drinking Places (Alcoholic Beverages), Other Miscellaneous Durable Goods Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 5.45% with flexible term lengths averaging 152 months
- ✓Loan Range: Loan sizes from $175K to $1.2M, with an average of $583K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IN
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 Elberfeld State Bank SBA lending
What types of businesses does The Elberfeld State Bank typically finance?
The Elberfeld State Bank specializes in SBA 7(a) lending to specific industries including ready-mix concrete manufacturing, drinking places (alcoholic beverages), other miscellaneous durable goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Elberfeld State Bank's typical SBA loan terms?
The Elberfeld State Bank's SBA 7(a) loans typically feature an average interest rate of 5.45% and average term length of 152 months (approximately 13 years). Loan sizes range from $175K to $1.2M, with an average loan size of $583K.
Do I need a business valuation for a The Elberfeld State Bank SBA loan?
Yes, The Elberfeld 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 Elberfeld State Bank compare to other SBA lenders?
The Elberfeld State Bank has originated 6 SBA loans totaling $3.5M since 2007. 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 Elberfeld State Bank lend in?
The Elberfeld State Bank provides SBA 7(a) financing with particularly strong presence in IN. 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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