Western State Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Western State Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 184 | $109.5M | $595K | 48.9% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $78.7M | $2.5M | 8.5% |
| 713950 | Bowling Centers | 24 | $10.8M | $448K | 6.4% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $9.4M | $390K | 6.4% |
| 722511 | Full-Service Restaurants | 16 | $4.4M | $275K | 4.3% |
| 485510 | Charter Bus Industry | 8 | $2.8M | $349K | 2.1% |
| 711510 | Independent Artists, Writers, and Performers | 8 | $1.1M | $140K | 2.1% |
| 812990 | All Other Personal Services | 8 | $2.4M | $305K | 2.1% |
| 512250 | Other | 8 | $7.6M | $945K | 2.1% |
| 561990 | All Other Support Services | 8 | $2.2M | $279K | 2.1% |
Geographic Distribution
SBA lending activity for Western State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 64 | $38.6M | 17.0% |
| Michigan (MI) | 48 | $31.4M | 12.8% |
| Florida (FL) | 48 | $30.4M | 12.8% |
| Oklahoma (OK) | 8 | $30.4M | 2.1% |
| Arizona (AZ) | 24 | $30.3M | 6.4% |
| Washington (WA) | 8 | $27.6M | 2.1% |
| Massachusetts (MA) | 8 | $20.2M | 2.1% |
| Indiana (IN) | 32 | $13.2M | 8.5% |
| Wisconsin (WI) | 32 | $12.6M | 8.5% |
| Illinois (IL) | 16 | $11.0M | 4.3% |
| New York (NY) | 16 | $4.6M | 4.3% |
| Missouri (MO) | 8 | $4.0M | 2.1% |
| Texas (TX) | 8 | $3.8M | 2.1% |
| South Carolina (SC) | 16 | $3.2M | 4.3% |
| Ohio (OH) | 8 | $2.2M | 2.1% |
| Tennessee (TN) | 8 | $2.0M | 2.1% |
| Nevada (NV) | 8 | $1.9M | 2.1% |
| Georgia (GA) | 8 | $1.2M | 2.1% |
| North Carolina (NC) | 8 | $1.2M | 2.1% |
Why Choose Western State Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 376 SBA loans approved, totaling $269.7M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, All Other Amusement and Recreation Industries, Bowling Centers
- ✓Competitive Terms: Average interest rate of 7.45% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $124K to $3.8M, with an average of $717K
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in CA, FL, MI
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 Western State Bank SBA lending
What types of businesses does Western State Bank typically finance?
Western State Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, all other amusement and recreation industries, bowling centers, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Western State Bank's typical SBA loan terms?
Western State Bank's SBA 7(a) loans typically feature an average interest rate of 7.45% and average term length of 118 months (approximately 10 years). Loan sizes range from $124K to $3.8M, with an average loan size of $717K.
Do I need a business valuation for a Western State Bank SBA loan?
Yes, Western 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 Western State Bank compare to other SBA lenders?
Western State Bank has originated 376 SBA loans totaling $269.7M 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 Western State Bank lend in?
Western State Bank provides SBA 7(a) financing with particularly strong presence in CA, FL, MI, WI, IN. 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.
Get your certified valuation from Fair Market Value.