United Farmers State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by United Farmers State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $42K | $42K | 25.0% |
| 238350 | Finish Carpentry Contractors | 1 | $122K | $122K | 25.0% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $123K | $123K | 25.0% |
| 532289 | All Other Consumer Goods Rental | 1 | $100K | $100K | 25.0% |
Geographic Distribution
SBA lending activity for United Farmers State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 4 | $387K | 100.0% |
Why Choose United Farmers State Bank?
Based on SBA 7(a) lending track record from 2008-2018
- ✓Proven Track Record: 4 SBA loans approved, totaling $387K in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Finish Carpentry Contractors, Wood Kitchen Cabinet and Countertop Manufacturing
- ✓Competitive Terms: Average interest rate of 6.25% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $42K to $123K, with an average of $97K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 United Farmers State Bank SBA lending
What types of businesses does United Farmers State Bank typically finance?
United Farmers State Bank specializes in SBA 7(a) lending to specific industries including landscaping services, finish carpentry contractors, wood kitchen cabinet and countertop manufacturing, all other consumer goods rental. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are United Farmers State Bank's typical SBA loan terms?
United Farmers State Bank's SBA 7(a) loans typically feature an average interest rate of 6.25% and average term length of 132 months (approximately 11 years). Loan sizes range from $42K to $123K, with an average loan size of $97K.
Do I need a business valuation for a United Farmers State Bank SBA loan?
Yes, United Farmers State 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 United Farmers State Bank compare to other SBA lenders?
United Farmers State Bank has originated 4 SBA loans totaling $387K since 2008. 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 United Farmers State Bank lend in?
United Farmers State Bank provides SBA 7(a) financing with particularly strong presence in MN. 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?
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