Think Mutual Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Think Mutual Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $1.4M | $88K | 33.3% |
| 621610 | Home Health Care Services | 8 | $800K | $100K | 16.7% |
| 524210 | Insurance Agencies and Brokerages | 8 | $2.1M | $264K | 16.7% |
| 512110 | Motion Picture and Video Production | 8 | $1.6M | $200K | 16.7% |
| 513210 | Cable Networks | 8 | $1.0M | $126K | 16.7% |
Geographic Distribution
SBA lending activity for Think Mutual Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 48 | $6.9M | 100.0% |
Why Choose Think Mutual Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $6.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Home Health Care Services, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 8.23% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $25K to $264K, with an average of $144K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Think Mutual Bank SBA lending
What types of businesses does Think Mutual Bank typically finance?
Think Mutual Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, home health care services, insurance agencies and brokerages, motion picture and video production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Think Mutual Bank's typical SBA loan terms?
Think Mutual Bank's SBA 7(a) loans typically feature an average interest rate of 8.23% and average term length of 72 months (approximately 6 years). Loan sizes range from $25K to $264K, with an average loan size of $144K.
Do I need a business valuation for a Think Mutual Bank SBA loan?
Yes, Think Mutual 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 Think Mutual Bank compare to other SBA lenders?
Think Mutual Bank has originated 48 SBA loans totaling $6.9M 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 Think Mutual Bank lend in?
Think Mutual Bank provides SBA 7(a) financing with particularly strong presence in MN. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.