Thrivent Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Thrivent Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $150K | $150K | 12.5% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $135K | $135K | 12.5% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 1 | $600K | $600K | 12.5% |
| 722513 | Limited-Service Restaurants | 1 | $260K | $260K | 12.5% |
| 623990 | Other Residential Care Facilities | 1 | $128K | $128K | 12.5% |
| 541940 | Veterinary Services | 1 | $80K | $80K | 12.5% |
Geographic Distribution
SBA lending activity for Thrivent Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 5 | $3.2M | 62.5% |
| Wisconsin (WI) | 3 | $413K | 37.5% |
Why Choose Thrivent Bank?
Based on SBA 7(a) lending track record from 2005-2015
- ✓Proven Track Record: 8 SBA loans approved, totaling $3.6M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Specialized Freight (except Used Goods) Trucking, Local, Offices of All Other Miscellaneous Health Practitioners
- ✓Competitive Terms: Average interest rate of 6.40% with flexible term lengths averaging 124 months
- ✓Loan Range: Loan sizes from $80K to $2.0M, with an average of $452K
- ✓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 Thrivent Bank SBA lending
What types of businesses does Thrivent Bank typically finance?
Thrivent Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, specialized freight (except used goods) trucking, local, offices of all other miscellaneous health practitioners, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Thrivent Bank's typical SBA loan terms?
Thrivent Bank's SBA 7(a) loans typically feature an average interest rate of 6.40% and average term length of 124 months (approximately 10 years). Loan sizes range from $80K to $2.0M, with an average loan size of $452K.
Do I need a business valuation for a Thrivent Bank SBA loan?
Yes, Thrivent 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 Thrivent Bank compare to other SBA lenders?
Thrivent Bank has originated 8 SBA loans totaling $3.6M since 2005. 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 Thrivent Bank lend in?
Thrivent Bank 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?
Certified valuations are often required for SBA loans over $250,000.
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