Warren-Boynton State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Warren-Boynton State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238120 | Structural Steel and Precast Concrete Contractors | 1 | $412K | $412K | 25.0% |
| 611620 | Sports and Recreation Instruction | 1 | $40K | $40K | 25.0% |
| 524210 | Insurance Agencies and Brokerages | 1 | $198K | $198K | 25.0% |
Geographic Distribution
SBA lending activity for Warren-Boynton State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 4 | $796K | 100.0% |
Why Choose Warren-Boynton State Bank?
Based on SBA 7(a) lending track record from 2007-2017
- ✓Proven Track Record: 4 SBA loans approved, totaling $796K in financing
- ✓Industry Expertise: Specialized focus on Structural Steel and Precast Concrete Contractors, Sports and Recreation Instruction, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 5.83% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $40K to $412K, with an average of $199K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Warren-Boynton State Bank SBA lending
What types of businesses does Warren-Boynton State Bank typically finance?
Warren-Boynton State Bank specializes in SBA 7(a) lending to specific industries including structural steel and precast concrete contractors, sports and recreation instruction, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Warren-Boynton State Bank's typical SBA loan terms?
Warren-Boynton State Bank's SBA 7(a) loans typically feature an average interest rate of 5.83% and average term length of 96 months (approximately 8 years). Loan sizes range from $40K to $412K, with an average loan size of $199K.
Do I need a business valuation for a Warren-Boynton State Bank SBA loan?
Yes, Warren-Boynton 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 Warren-Boynton State Bank compare to other SBA lenders?
Warren-Boynton State Bank has originated 4 SBA loans totaling $796K since 2007. 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 Warren-Boynton State Bank lend in?
Warren-Boynton State Bank provides SBA 7(a) financing with particularly strong presence in 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?
Certified valuations are often required for SBA loans over $250,000.
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