The Home National Bank of Thorntown
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by The Home National Bank of Thorntown
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $1.2M | $149K | 25.0% |
| 812111 | Barber Shops | 8 | $403K | $50K | 25.0% |
| 722513 | Limited-Service Restaurants | 8 | $1.0M | $127K | 25.0% |
| 812112 | Beauty Salons | 8 | $1.8M | $225K | 25.0% |
Geographic Distribution
SBA lending activity for The Home National Bank of Thorntown by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 32 | $4.4M | 100.0% |
Why Choose The Home National Bank of Thorntown?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $4.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Barber Shops, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.88% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $50K to $225K, with an average of $138K
- ✓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 Home National Bank of Thorntown SBA lending
What types of businesses does The Home National Bank of Thorntown typically finance?
The Home National Bank of Thorntown specializes in SBA 7(a) lending to specific industries including full-service restaurants, barber shops, limited-service restaurants, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Home National Bank of Thorntown's typical SBA loan terms?
The Home National Bank of Thorntown's SBA 7(a) loans typically feature an average interest rate of 7.88% and average term length of 156 months (approximately 13 years). Loan sizes range from $50K to $225K, with an average loan size of $138K.
Do I need a business valuation for a The Home National Bank of Thorntown SBA loan?
Yes, The Home National Bank of Thorntown 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 Home National Bank of Thorntown compare to other SBA lenders?
The Home National Bank of Thorntown has originated 32 SBA loans totaling $4.4M 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 Home National Bank of Thorntown lend in?
The Home National Bank of Thorntown 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.
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Professional valuations are often required for SBA loans over $250,000.
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