Voyager Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Voyager Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311919 | Other Snack Food Manufacturing | 5 | $1.6M | $320K | 4.2% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $560K | $140K | 3.4% |
| 621310 | Offices of Chiropractors | 4 | $805K | $201K | 3.4% |
| 337212 | Custom Architectural Woodwork and Millwork Manufacturing | 4 | $863K | $216K | 3.4% |
| 424410 | General Line Grocery Merchant Wholesalers | 3 | $786K | $262K | 2.5% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $843K | $422K | 1.7% |
| 325412 | Pharmaceutical Preparation Manufacturing | 2 | $450K | $225K | 1.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $308K | $154K | 1.7% |
| 332710 | Machine Shops | 2 | $1.4M | $680K | 1.7% |
| 621210 | Offices of Dentists | 2 | $275K | $138K | 1.7% |
Geographic Distribution
SBA lending activity for Voyager Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 116 | $35.3M | 97.5% |
| Iowa (IA) | 1 | $1.4M | 0.8% |
| Arizona (AZ) | 2 | $600K | 1.7% |
Why Choose Voyager Bank?
Based on SBA 7(a) lending track record from 1994-2015
- ✓Proven Track Record: 119 SBA loans approved, totaling $37.3M in financing
- ✓Industry Expertise: Specialized focus on Other Snack Food Manufacturing, Fitness and Recreational Sports Centers, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 5.29% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $18K to $1.8M, with an average of $313K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MN, AZ, IA
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 Voyager Bank SBA lending
What types of businesses does Voyager Bank typically finance?
Voyager Bank specializes in SBA 7(a) lending to specific industries including other snack food manufacturing, fitness and recreational sports centers, offices of chiropractors, custom architectural woodwork and millwork manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Voyager Bank's typical SBA loan terms?
Voyager Bank's SBA 7(a) loans typically feature an average interest rate of 5.29% and average term length of 104 months (approximately 9 years). Loan sizes range from $18K to $1.8M, with an average loan size of $313K.
Do I need a business valuation for a Voyager Bank SBA loan?
Yes, Voyager 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 Voyager Bank compare to other SBA lenders?
Voyager Bank has originated 119 SBA loans totaling $37.3M since 1994. 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 Voyager Bank lend in?
Voyager Bank provides SBA 7(a) financing with particularly strong presence in MN, AZ, IA. 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.
Get your certified valuation from Fair Market Value.