Union State Bank of Hazen
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Union State Bank of Hazen · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 115112 | Soil Preparation, Planting, and Cultivating | 9 | $1.7M | $193K | 8.8% |
| 311611 | Animal (except Poultry) Slaughtering | 5 | $360K | $72K | 4.9% |
| 621210 | Offices of Dentists | 5 | $881K | $176K | 4.9% |
| 621320 | Offices of Optometrists | 4 | $494K | $123K | 3.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $89K | $45K | 2.0% |
| 722511 | Full-Service Restaurants | 2 | $50K | $25K | 2.0% |
| 812112 | Beauty Salons | 1 | $52K | $52K | 1.0% |
| 541191 | Title Abstract and Settlement Offices | 1 | $125K | $125K | 1.0% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $150K | $150K | 1.0% |
| 115113 | Crop Harvesting, Primarily by Machine | 1 | $40K | $40K | 1.0% |
Geographic Distribution
SBA lending activity for Union State Bank of Hazen by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Dakota (ND) | 101 | $10.7M | 99.0% |
| Colorado (CO) | 1 | $63K | 1.0% |
Why Choose Union State Bank of Hazen?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 102 SBA loans approved, totaling $10.7M in financing
- ✓Industry Expertise: Specialized focus on Soil Preparation, Planting, and Cultivating, Animal (except Poultry) Slaughtering, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 5.94% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $8K to $515K, with an average of $105K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ND, CO
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 Union State Bank of Hazen SBA lending
What types of businesses does Union State Bank of Hazen typically finance?
Union State Bank of Hazen specializes in SBA 7(a) lending to specific industries including soil preparation, planting, and cultivating, animal (except poultry) slaughtering, offices of dentists, offices of optometrists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Union State Bank of Hazen's typical SBA loan terms?
Union State Bank of Hazen's SBA 7(a) loans typically feature an average interest rate of 5.94% and average term length of 109 months (approximately 9 years). Loan sizes range from $8K to $515K, with an average loan size of $105K.
Do I need a business valuation for a Union State Bank of Hazen SBA loan?
Yes, Union State Bank of Hazen 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 Union State Bank of Hazen compare to other SBA lenders?
Union State Bank of Hazen has originated 102 SBA loans totaling $10.7M 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 Union State Bank of Hazen lend in?
Union State Bank of Hazen provides SBA 7(a) financing with particularly strong presence in ND, CO. 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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