The Miners State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Miners State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 113310 | Logging | 3 | $154K | $51K | 13.6% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $50K | $50K | 4.5% |
| 112511 | Finfish Farming and Fish Hatcheries | 1 | $209K | $209K | 4.5% |
| 722511 | Full-Service Restaurants | 1 | $249K | $249K | 4.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $160K | $160K | 4.5% |
| 621310 | Offices of Chiropractors | 1 | $146K | $146K | 4.5% |
| 621610 | Home Health Care Services | 1 | $535K | $535K | 4.5% |
Geographic Distribution
SBA lending activity for The Miners State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 22 | $5.1M | 100.0% |
Why Choose The Miners State Bank?
Based on SBA 7(a) lending track record from 1992-2015
- ✓Proven Track Record: 22 SBA loans approved, totaling $5.1M in financing
- ✓Industry Expertise: Specialized focus on Logging, Other Business Service Centers (including Copy Shops), Finfish Farming and Fish Hatcheries
- ✓Competitive Terms: Average interest rate of 5.50% with flexible term lengths averaging 154 months
- ✓Loan Range: Loan sizes from $36K to $875K, with an average of $232K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MI
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 Miners State Bank SBA lending
What types of businesses does The Miners State Bank typically finance?
The Miners State Bank specializes in SBA 7(a) lending to specific industries including logging, other business service centers (including copy shops), finfish farming and fish hatcheries, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Miners State Bank's typical SBA loan terms?
The Miners State Bank's SBA 7(a) loans typically feature an average interest rate of 5.50% and average term length of 154 months (approximately 13 years). Loan sizes range from $36K to $875K, with an average loan size of $232K.
Do I need a business valuation for a The Miners State Bank SBA loan?
Yes, The Miners 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 Miners State Bank compare to other SBA lenders?
The Miners State Bank has originated 22 SBA loans totaling $5.1M since 1992. 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 Miners State Bank lend in?
The Miners State Bank provides SBA 7(a) financing with particularly strong presence in MI. 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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