TruCommunity Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TruCommunity Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 4 | $165K | $41K | 12.5% |
| 621210 | Offices of Dentists | 3 | $645K | $215K | 9.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $232K | $116K | 6.3% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $330K | $165K | 6.3% |
| 812210 | Funeral Homes and Funeral Services | 1 | $450K | $450K | 3.1% |
| 541110 | Offices of Lawyers | 1 | $42K | $42K | 3.1% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $133K | $133K | 3.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $252K | $252K | 3.1% |
| 314999 | All Other Miscellaneous Textile Product Mills | 1 | $9K | $9K | 3.1% |
Geographic Distribution
SBA lending activity for TruCommunity Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 32 | $4.1M | 100.0% |
Why Choose TruCommunity Bank?
Based on SBA 7(a) lending track record from 1991-2007
- ✓Proven Track Record: 32 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Dentists, General Freight Trucking, Long-Distance, Truckload
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $9K to $450K, with an average of $128K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ND
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 TruCommunity Bank SBA lending
What types of businesses does TruCommunity Bank typically finance?
TruCommunity Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of dentists, general freight trucking, long-distance, truckload, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TruCommunity Bank's typical SBA loan terms?
TruCommunity Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 112 months (approximately 9 years). Loan sizes range from $9K to $450K, with an average loan size of $128K.
Do I need a business valuation for a TruCommunity Bank SBA loan?
Yes, TruCommunity 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 TruCommunity Bank compare to other SBA lenders?
TruCommunity Bank has originated 32 SBA loans totaling $4.1M 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 TruCommunity Bank lend in?
TruCommunity Bank provides SBA 7(a) financing with particularly strong presence in ND. 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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