TruBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TruBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 8 | $751K | $94K | 5.8% |
| 238990 | All Other Specialty Trade Contractors | 8 | $642K | $80K | 5.8% |
| 212312 | Crushed and Broken Limestone Mining and Quarrying | 7 | $2.0M | $291K | 5.1% |
| 524210 | Insurance Agencies and Brokerages | 5 | $658K | $132K | 3.6% |
| 722513 | Limited-Service Restaurants | 5 | $884K | $177K | 3.6% |
| 238910 | Site Preparation Contractors | 5 | $969K | $194K | 3.6% |
| 722310 | Food Service Contractors | 5 | $175K | $35K | 3.6% |
| 236220 | Commercial and Institutional Building Construction | 4 | $482K | $120K | 2.9% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 3 | $132K | $44K | 2.2% |
| 722511 | Full-Service Restaurants | 3 | $1.7M | $553K | 2.2% |
Geographic Distribution
SBA lending activity for TruBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 137 | $27.2M | 100.0% |
Why Choose TruBank?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 137 SBA loans approved, totaling $27.2M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), All Other Specialty Trade Contractors, Crushed and Broken Limestone Mining and Quarrying
- ✓Competitive Terms: Average interest rate of 6.37% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $7K to $3.1M, with an average of $199K
- ✓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 TruBank SBA lending
What types of businesses does TruBank typically finance?
TruBank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), all other specialty trade contractors, crushed and broken limestone mining and quarrying, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TruBank's typical SBA loan terms?
TruBank's SBA 7(a) loans typically feature an average interest rate of 6.37% and average term length of 95 months (approximately 8 years). Loan sizes range from $7K to $3.1M, with an average loan size of $199K.
Do I need a business valuation for a TruBank SBA loan?
Yes, TruBank 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 TruBank compare to other SBA lenders?
TruBank has originated 137 SBA loans totaling $27.2M since 1992. 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 TruBank lend in?
TruBank 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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