The Harvard State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Harvard State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 6 | $1.4M | $225K | 10.7% |
| 722513 | Limited-Service Restaurants | 5 | $1.5M | $293K | 8.9% |
| 624410 | Child Care Services | 3 | $850K | $283K | 5.4% |
| 811111 | General Automotive Repair | 3 | $330K | $110K | 5.4% |
| 713990 | All Other Amusement and Recreation Industries | 3 | $482K | $161K | 5.4% |
| 441110 | New Car Dealers | 2 | $9.5M | $4.7M | 3.6% |
| 811192 | Car Washes | 2 | $1.2M | $595K | 3.6% |
| 722511 | Full-Service Restaurants | 2 | $1.4M | $725K | 3.6% |
| 424940 | Tobacco Product and Electronic Cigarette Merchant Wholesalers | 1 | $248K | $248K | 1.8% |
| 621210 | Offices of Dentists | 1 | $340K | $340K | 1.8% |
Geographic Distribution
SBA lending activity for The Harvard State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 41 | $18.5M | 73.2% |
| Wisconsin (WI) | 15 | $12.0M | 26.8% |
Why Choose The Harvard State Bank?
Based on SBA 7(a) lending track record from 1995-2023
- ✓Proven Track Record: 56 SBA loans approved, totaling $30.5M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Limited-Service Restaurants, Child Care Services
- ✓Competitive Terms: Average interest rate of 6.19% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $27K to $5.0M, with an average of $544K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, WI
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 Harvard State Bank SBA lending
What types of businesses does The Harvard State Bank typically finance?
The Harvard State Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, limited-service restaurants, child care services, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Harvard State Bank's typical SBA loan terms?
The Harvard State Bank's SBA 7(a) loans typically feature an average interest rate of 6.19% and average term length of 150 months (approximately 13 years). Loan sizes range from $27K to $5.0M, with an average loan size of $544K.
Do I need a business valuation for a The Harvard State Bank SBA loan?
Yes, The Harvard 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 Harvard State Bank compare to other SBA lenders?
The Harvard State Bank has originated 56 SBA loans totaling $30.5M since 1995. 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 Harvard State Bank lend in?
The Harvard State Bank provides SBA 7(a) financing with particularly strong presence in IL, WI. 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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