TrustBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by TrustBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 441210 | Recreational Vehicle Dealers | 1 | $350K | $350K | 6.3% |
| 213111 | Drilling Oil and Gas Wells | 1 | $20K | $20K | 6.3% |
| 621210 | Offices of Dentists | 1 | $595K | $595K | 6.3% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $796K | $796K | 6.3% |
| 524210 | Insurance Agencies and Brokerages | 1 | $1.5M | $1.5M | 6.3% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $59K | $59K | 6.3% |
| 621310 | Offices of Chiropractors | 1 | $50K | $50K | 6.3% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $25K | $25K | 6.3% |
Geographic Distribution
SBA lending activity for TrustBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 14 | $2.6M | 87.5% |
| Arizona (AZ) | 2 | $1.9M | 12.5% |
Why Choose TrustBank?
Based on SBA 7(a) lending track record from 1995-2023
- ✓Proven Track Record: 16 SBA loans approved, totaling $4.5M in financing
- ✓Industry Expertise: Specialized focus on Recreational Vehicle Dealers, Drilling Oil and Gas Wells, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $5K to $1.5M, with an average of $281K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, AZ
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 TrustBank SBA lending
What types of businesses does TrustBank typically finance?
TrustBank specializes in SBA 7(a) lending to specific industries including recreational vehicle dealers, drilling oil and gas wells, offices of dentists, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TrustBank's typical SBA loan terms?
TrustBank's SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 104 months (approximately 9 years). Loan sizes range from $5K to $1.5M, with an average loan size of $281K.
Do I need a business valuation for a TrustBank SBA loan?
Yes, TrustBank 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 TrustBank compare to other SBA lenders?
TrustBank has originated 16 SBA loans totaling $4.5M since 1995. 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 TrustBank lend in?
TrustBank provides SBA 7(a) financing with particularly strong presence in IL, AZ. 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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