Viking Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Viking Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541410 | Interior Design Services | 16 | $400K | $25K | 16.7% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 8 | $320K | $40K | 8.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $2.7M | $340K | 8.3% |
| 561730 | Landscaping Services | 8 | $3.1M | $390K | 8.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.7M | $213K | 8.3% |
| 238910 | Site Preparation Contractors | 8 | $480K | $60K | 8.3% |
| 441310 | Automotive Parts and Accessories Stores | 8 | $2.6M | $322K | 8.3% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 8 | $86K | $11K | 8.3% |
| 458110 | Other | 8 | $1.2M | $150K | 8.3% |
| 811111 | General Automotive Repair | 8 | $2.1M | $262K | 8.3% |
Geographic Distribution
SBA lending activity for Viking Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 88 | $18.4M | 91.7% |
| South Dakota (SD) | 8 | $320K | 8.3% |
Why Choose Viking Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 96 SBA loans approved, totaling $18.7M in financing
- ✓Industry Expertise: Specialized focus on Interior Design Services, All Other Miscellaneous Store Retailers (except Tobacco Stores), Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 6.31% with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $10K to $500K, with an average of $195K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, SD
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 Viking Bank National Association SBA lending
What types of businesses does Viking Bank National Association typically finance?
Viking Bank National Association specializes in SBA 7(a) lending to specific industries including interior design services, all other miscellaneous store retailers (except tobacco stores), coin-operated laundries and drycleaners, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Viking Bank National Association's typical SBA loan terms?
Viking Bank National Association's SBA 7(a) loans typically feature an average interest rate of 6.31% and average term length of 79 months (approximately 7 years). Loan sizes range from $10K to $500K, with an average loan size of $195K.
Do I need a business valuation for a Viking Bank National Association SBA loan?
Yes, Viking 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 Viking Bank National Association compare to other SBA lenders?
Viking Bank National Association has originated 96 SBA loans totaling $18.7M 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 Viking Bank National Association lend in?
Viking Bank National Association provides SBA 7(a) financing with particularly strong presence in MN, SD. 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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