The State Bank of Toledo
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The State Bank of Toledo · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $35K | $35K | 7.1% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 1 | $150K | $150K | 7.1% |
| 441110 | New Car Dealers | 1 | $160K | $160K | 7.1% |
| 621310 | Offices of Chiropractors | 1 | $42K | $42K | 7.1% |
Geographic Distribution
SBA lending activity for The State Bank of Toledo by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 14 | $1.7M | 100.0% |
Why Choose The State Bank of Toledo?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 14 SBA loans approved, totaling $1.7M in financing
- ✓Industry Expertise: Specialized focus on Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers, New Car Dealers
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $30K to $430K, with an average of $124K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 State Bank of Toledo SBA lending
What types of businesses does The State Bank of Toledo typically finance?
The State Bank of Toledo specializes in SBA 7(a) lending to specific industries including commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, lumber, plywood, millwork, and wood panel merchant wholesalers, new car dealers, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The State Bank of Toledo's typical SBA loan terms?
The State Bank of Toledo's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 122 months (approximately 10 years). Loan sizes range from $30K to $430K, with an average loan size of $124K.
Do I need a business valuation for a The State Bank of Toledo SBA loan?
Yes, The State Bank of Toledo 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 State Bank of Toledo compare to other SBA lenders?
The State Bank of Toledo has originated 14 SBA loans totaling $1.7M since 1991. 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 State Bank of Toledo lend in?
The State Bank of Toledo provides SBA 7(a) financing with particularly strong presence in IA. 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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