The National Republic Bank of Chicago
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The National Republic Bank of Chicago · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 1 | $50K | $50K | 33.3% |
| 721199 | All Other Traveler Accommodation | 1 | $140K | $140K | 33.3% |
Geographic Distribution
SBA lending activity for The National Republic Bank of Chicago by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 2 | $140K | 66.7% |
| Indiana (IN) | 1 | $140K | 33.3% |
Why Choose The National Republic Bank of Chicago?
Based on SBA 7(a) lending track record from 1999-2004
- ✓Proven Track Record: 3 SBA loans approved, totaling $280K in financing
- ✓Industry Expertise: Specialized focus on Promoters of Performing Arts, Sports, and Similar Events with Facilities, All Other Traveler Accommodation
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $50K to $140K, with an average of $93K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, 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 National Republic Bank of Chicago SBA lending
What types of businesses does The National Republic Bank of Chicago typically finance?
The National Republic Bank of Chicago specializes in SBA 7(a) lending to specific industries including promoters of performing arts, sports, and similar events with facilities, all other traveler accommodation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The National Republic Bank of Chicago's typical SBA loan terms?
The National Republic Bank of Chicago's SBA 7(a) loans typically feature an average interest rate of — and average term length of 108 months (approximately 9 years). Loan sizes range from $50K to $140K, with an average loan size of $93K.
Do I need a business valuation for a The National Republic Bank of Chicago SBA loan?
Yes, The National Republic Bank of Chicago 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 National Republic Bank of Chicago compare to other SBA lenders?
The National Republic Bank of Chicago has originated 3 SBA loans totaling $280K since 1999. 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 National Republic Bank of Chicago lend in?
The National Republic Bank of Chicago provides SBA 7(a) financing with particularly strong presence in IL, 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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