U.S. Bank, National Association
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by U.S. Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 6,944 | $414.2M | $60K | 5.4% |
| 722511 | Full-Service Restaurants | 4,048 | $550.9M | $136K | 3.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3,728 | $567.8M | $152K | 2.9% |
| 484110 | General Freight Trucking, Local | 2,896 | $235.6M | $81K | 2.2% |
| 238990 | All Other Specialty Trade Contractors | 2,720 | $665.0M | $244K | 2.1% |
| 811111 | General Automotive Repair | 2,648 | $863.9M | $326K | 2.0% |
| 238210 | Electrical Contractors | 2,648 | $321.0M | $121K | 2.0% |
| 524210 | Insurance Agencies and Brokerages | 2,640 | $724.2M | $274K | 2.0% |
| 812112 | Beauty Salons | 2,456 | $188.0M | $77K | 1.9% |
| 722513 | Limited-Service Restaurants | 2,312 | $422.7M | $183K | 1.8% |
Geographic Distribution
SBA lending activity for U.S. Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 44,080 | $15.47B | 34.0% |
| Washington (WA) | 7,112 | $2.27B | 5.5% |
| Minnesota (MN) | 9,192 | $1.65B | 7.1% |
| Illinois (IL) | 6,960 | $1.24B | 5.4% |
| Oregon (OR) | 7,000 | $1.22B | 5.4% |
| Ohio (OH) | 6,264 | $1.21B | 4.8% |
| Colorado (CO) | 6,328 | $987.8M | 4.9% |
| Arizona (AZ) | 3,752 | $974.3M | 2.9% |
| Nevada (NV) | 4,920 | $777.5M | 3.8% |
| Wisconsin (WI) | 4,496 | $754.7M | 3.5% |
| Tennessee (TN) | 4,144 | $748.4M | 3.2% |
| Missouri (MO) | 4,808 | $681.1M | 3.7% |
| Utah (UT) | 2,608 | $618.4M | 2.0% |
| Texas (TX) | 1,048 | $563.6M | 0.8% |
| Kentucky (KY) | 2,592 | $384.3M | 2.0% |
| Idaho (ID) | 2,272 | $327.1M | 1.8% |
| North Carolina (NC) | 760 | $243.8M | 0.6% |
| Indiana (IN) | 832 | $184.0M | 0.6% |
| Iowa (IA) | 2,040 | $175.0M | 1.6% |
| Kansas (KS) | 1,064 | $169.1M | 0.8% |
| Florida (FL) | 432 | $159.9M | 0.3% |
| New Mexico (NM) | 984 | $123.0M | 0.8% |
| Nebraska (NE) | 1,112 | $84.4M | 0.9% |
| Wyoming (WY) | 296 | $83.2M | 0.2% |
| South Dakota (SD) | 480 | $78.4M | 0.4% |
| Montana (MT) | 744 | $78.3M | 0.6% |
| North Dakota (ND) | 504 | $73.2M | 0.4% |
| Michigan (MI) | 200 | $66.2M | 0.2% |
| Arkansas (AR) | 1,256 | $54.9M | 1.0% |
| Georgia (GA) | 264 | $53.9M | 0.2% |
| Pennsylvania (PA) | 120 | $30.8M | 0.1% |
| Virginia (VA) | 104 | $28.6M | 0.1% |
| New Hampshire (NH) | 16 | $28.4M | 0.0% |
| New Jersey (NJ) | 136 | $27.4M | 0.1% |
| Oklahoma (OK) | 96 | $21.9M | 0.1% |
| Maryland (MD) | 88 | $16.9M | 0.1% |
| District of Columbia (DC) | 24 | $15.4M | 0.0% |
| South Carolina (SC) | 144 | $14.4M | 0.1% |
| Alabama (AL) | 72 | $12.8M | 0.1% |
| New York (NY) | 176 | $12.5M | 0.1% |
| Massachusetts (MA) | 40 | $10.6M | 0.0% |
| Vermont (VT) | 8 | $9.2M | 0.0% |
| Hawaii (HI) | 24 | $8.5M | 0.0% |
| Mississippi (MS) | 32 | $5.5M | 0.0% |
| Louisiana (LA) | 40 | $3.5M | 0.0% |
| Alaska (AK) | 8 | $400K | 0.0% |
| Rhode Island (RI) | 24 | $333K | 0.0% |
| West Virginia (WV) | 16 | $320K | 0.0% |
| Connecticut (CT) | 16 | $308K | 0.0% |
| Maine (ME) | 8 | $120K | 0.0% |
Why Choose U.S. Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 129,736 SBA loans approved, totaling $31.75B in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 8.35% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $245K
- ✓Nationwide Reach: Active lending in 50 states, with strong presence in CA, MN, WA
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 U.S. Bank, National Association SBA lending
What types of businesses does U.S. Bank, National Association typically finance?
U.S. Bank, National Association specializes in SBA 7(a) lending to specific industries including residential remodelers, full-service restaurants, plumbing, heating, and air-conditioning contractors, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are U.S. Bank, National Association's typical SBA loan terms?
U.S. Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 8.35% and average term length of 106 months (approximately 9 years). Loan sizes range from $5K to $5.0M, with an average loan size of $245K.
Do I need a business valuation for a U.S. Bank, National Association SBA loan?
Yes, U.S. Bank, National Association 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 U.S. Bank, National Association compare to other SBA lenders?
U.S. Bank, National Association has originated 129,736 SBA loans totaling $31.75B since 2020. 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 U.S. Bank, National Association lend in?
U.S. Bank, National Association provides SBA 7(a) financing with particularly strong presence in CA, MN, WA, OR, IL. 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?
Professional valuations are often required for SBA loans over $250,000.
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