The Riddell National Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by The Riddell National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $4.2M | $175K | 15.0% |
| 238910 | Site Preparation Contractors | 16 | $5.2M | $325K | 10.0% |
| 722513 | Limited-Service Restaurants | 16 | $28.4M | $1.8M | 10.0% |
| 444130 | Hardware Stores | 8 | $2.0M | $245K | 5.0% |
| 113310 | Logging | 8 | $1.3M | $168K | 5.0% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 8 | $800K | $100K | 5.0% |
| 621310 | Offices of Chiropractors | 8 | $570K | $71K | 5.0% |
| 321219 | Reconstituted Wood Product Manufacturing | 8 | $2.9M | $360K | 5.0% |
| 713120 | Amusement Arcades | 8 | $1.2M | $150K | 5.0% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $1.3M | $168K | 5.0% |
Geographic Distribution
SBA lending activity for The Riddell National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 160 | $56.4M | 100.0% |
Why Choose The Riddell National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 160 SBA loans approved, totaling $56.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Site Preparation Contractors, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.90% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $45K to $3.2M, with an average of $353K
- ✓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 Riddell National Bank SBA lending
What types of businesses does The Riddell National Bank typically finance?
The Riddell National Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, site preparation contractors, limited-service restaurants, hardware stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Riddell National Bank's typical SBA loan terms?
The Riddell National Bank's SBA 7(a) loans typically feature an average interest rate of 7.90% and average term length of 144 months (approximately 12 years). Loan sizes range from $45K to $3.2M, with an average loan size of $353K.
Do I need a business valuation for a The Riddell National Bank SBA loan?
Yes, The Riddell National 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 Riddell National Bank compare to other SBA lenders?
The Riddell National Bank has originated 160 SBA loans totaling $56.4M 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 Riddell National Bank lend in?
The Riddell National Bank 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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