The Midway National Bank of Saint Paul
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Midway National Bank of Saint Paul · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541940 | Veterinary Services | 1 | $48K | $48K | 50.0% |
Geographic Distribution
SBA lending activity for The Midway National Bank of Saint Paul by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 2 | $198K | 100.0% |
Why Choose The Midway National Bank of Saint Paul?
Based on SBA 7(a) lending track record from 2002-2004
- ✓Proven Track Record: 2 SBA loans approved, totaling $198K in financing
- ✓Industry Expertise: Specialized focus on Veterinary Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $48K to $150K, with an average of $99K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Midway National Bank of Saint Paul SBA lending
What types of businesses does The Midway National Bank of Saint Paul typically finance?
The Midway National Bank of Saint Paul specializes in SBA 7(a) lending to specific industries including veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Midway National Bank of Saint Paul's typical SBA loan terms?
The Midway National Bank of Saint Paul's SBA 7(a) loans typically feature an average interest rate of — and average term length of 91 months (approximately 8 years). Loan sizes range from $48K to $150K, with an average loan size of $99K.
Do I need a business valuation for a The Midway National Bank of Saint Paul SBA loan?
Yes, The Midway National Bank of Saint Paul 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 Midway National Bank of Saint Paul compare to other SBA lenders?
The Midway National Bank of Saint Paul has originated 2 SBA loans totaling $198K since 2002. 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 Midway National Bank of Saint Paul lend in?
The Midway National Bank of Saint Paul provides SBA 7(a) financing with particularly strong presence in MN. 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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