The RiverBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The RiverBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 531210 | Offices of Real Estate Agents and Brokers | 2 | $78K | $39K | 8.7% |
| 336370 | Motor Vehicle Metal Stamping | 1 | $90K | $90K | 4.3% |
| 238140 | Masonry Contractors | 1 | $36K | $36K | 4.3% |
| 332710 | Machine Shops | 1 | $350K | $350K | 4.3% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $25K | $25K | 4.3% |
| 333511 | Industrial Mold Manufacturing | 1 | $350K | $350K | 4.3% |
| 441120 | Used Car Dealers | 1 | $250K | $250K | 4.3% |
| 541110 | Offices of Lawyers | 1 | $200K | $200K | 4.3% |
| 238910 | Site Preparation Contractors | 1 | $500K | $500K | 4.3% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 1 | $20K | $20K | 4.3% |
Geographic Distribution
SBA lending activity for The RiverBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 14 | $2.7M | 60.9% |
| Wisconsin (WI) | 9 | $1.9M | 39.1% |
Why Choose The RiverBank?
Based on SBA 7(a) lending track record from 1997-2010
- ✓Proven Track Record: 23 SBA loans approved, totaling $4.6M in financing
- ✓Industry Expertise: Specialized focus on Offices of Real Estate Agents and Brokers, Motor Vehicle Metal Stamping, Masonry Contractors
- ✓Competitive Terms: Average interest rate of 7.04% with flexible term lengths averaging 83 months
- ✓Loan Range: Loan sizes from $20K to $500K, with an average of $200K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, WI
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 RiverBank SBA lending
What types of businesses does The RiverBank typically finance?
The RiverBank specializes in SBA 7(a) lending to specific industries including offices of real estate agents and brokers, motor vehicle metal stamping, masonry contractors, machine shops. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The RiverBank's typical SBA loan terms?
The RiverBank's SBA 7(a) loans typically feature an average interest rate of 7.04% and average term length of 83 months (approximately 7 years). Loan sizes range from $20K to $500K, with an average loan size of $200K.
Do I need a business valuation for a The RiverBank SBA loan?
Yes, The RiverBank 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 RiverBank compare to other SBA lenders?
The RiverBank has originated 23 SBA loans totaling $4.6M since 1997. 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 RiverBank lend in?
The RiverBank provides SBA 7(a) financing with particularly strong presence in MN, WI. 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?
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