Lender record

State Bank

The real lending record — every figure from funded deals. HQ: 885 N Illinois Route 3, Waterloo, IL. 5 branches.

Recent deals (FY20+)

$300K

Typical deal

30 days

Approval → funding

Failure rate (FY20–23)

Where State Bank lends

Deals State Bank funded — list all 19 as text

BE REPRESENTED CORP. — Lafayette · $50K · FY2026 · Commercial and Institutional Building Construction
BENSGARAGE LLC — Brownsburg · $100K · FY2025 · General Automotive Repair
LICK, LLC — Indianapolis · $75K · FY2025 · Frozen Specialty Food Manufacturing
C&L Coffee 2 LLC — Greenfield · $700K · FY2023 · Coffee and Tea Manufacturing
ROKEL INC. — Carmel · $509K · FY2023 · Commercial Printing (except Screen and Books)
Barbell Fitness Club LLC — Pittsboro · $250K · FY2023 · Fitness and Recreational Sports Centers
VAN HULLE COMMERCIAL LLC — Lafayette · $212K · FY2023 · Framing Contractors
THE FRAME JOINT, LLC — Lafayette · $160K · FY2023 · Framing Contractors
C&L Coffee 1, LLC — Pendleton · $600K · FY2022 · Snack and Nonalcoholic Beverage Bars
Hurst Group, LLC — Indianapolis · $911K · FY2021 · Landscaping Services
Hurst Group, LLC — Indianapolis · $911K · FY2021 · Landscaping Services
J&J Truck Leasing, LLC — Indianapolis · $350K · FY2021 · General Freight Trucking, Long-Distance, Less Than Truckload
J&J Truck Leasing, LLC — Brownsburg · $350K · FY2021 · General Freight Trucking, Long-Distance, Less Than Truckload
MetroFluid Co. — Indianapolis · $300K · FY2021 · Industrial Supplies Merchant Wholesalers
MetroFluid Co. — Indianapolis · $150K · FY2021 · Industrial Supplies Merchant Wholesalers
Sunshine Liquors, LLC — Indianapolis · $585K · FY2020 · Beer, Wine, and Liquor Stores
Village Liquor Pack LLC — Indianapolis · $507K · FY2020 · Beer, Wine, and Liquor Stores
Headquake LLC — Fishers · $200K · FY2020 · Snack and Nonalcoholic Beverage Bars
Universal Promotions LLC — Indianapolis · $20K · FY2020 · Lessors of Other Real Estate Property

Deal profile

Most State Bank deals land between $150K and $585K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

1.Framing Contractors (2)
2.Snack and Nonalcoholic Beverage Bars (2)
3.Landscaping Services (2)
4.General Freight Trucking, Long-Distance, Less Than Truckload (2)
5.Industrial Supplies Merchant Wholesalers (2)
6.Beer, Wine, and Liquor Stores (2)
7.Commercial and Institutional Building Construction (1)
8.General Automotive Repair (1)

Most active states

1.Indiana (19 deals)

Franchises they finance most

Ziggi's Coffee

2 deals

Pirtek

2 deals

AlphaGraphics

1 deals

Can State Bank fund you? The bank behind the loans

Total assets

$320.1M

▲ 5.3% vs prior quarter

Deposits on hand

$291.6M

▲ 11.9% vs prior quarter

Loans outstanding

$198.3M

▲ 0.1% vs prior quarter

Net income (latest qtr)

$235K

•SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes State Bank more SBA-focused than 52% of the banks on our record.
•Deposits grew last quarter — more raw lending capacity than the quarter before.
•Return on assets of 0.3% — well under the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

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Walk into a State Bank branch (5)

State BankMain office885 N Illinois Route 3Waterloo, IL 62298 · since 1894

Waterloo Branch501 N Market StWaterloo, IL 62298 · since 1991

Valmeyer Branch259 Knobloch BlvdValmeyer, IL 62295 · since 2007

Columbia Branch1525 N Main StColumbia, IL 62236 · since 2019

Lindbergh Facility Branch6969 S Lindbergh BlvdSaint Louis, MO 63125 · since 2020

Branch data: FDIC BankFind.

Recent deals

BE REPRESENTED CORP. in Lafayette, IN — $50K (2026) · Commercial and Institutional Building Construction
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approved
2/19/2026
Loan status
Committed
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
2
Business age
Existing or more than 2 years old
Industry
Commercial and Institutional Building Construction
Your business? Claim this record · Request removal
BENSGARAGE LLC in Brownsburg, IN — $100K (2025) · General Automotive Repair
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approval → funding
20 days
Approved
2/4/2025
First disbursed
2/24/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Existing or more than 2 years old
Industry
General Automotive Repair
Your business? Claim this record · Request removal
LICK, LLC in Indianapolis, IN — $75K (2025) · Frozen Specialty Food Manufacturing
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$38K (50%)
Approval → funding
66 days
Approved
8/26/2025
First disbursed
10/31/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Existing or more than 2 years old
Industry
Frozen Specialty Food Manufacturing
Your business? Claim this record · Request removal
C&L Coffee 2 LLC in Greenfield, IN — $700K (2023) · Coffee and Tea Manufacturing
Program
Preferred Lenders Program
Rate at approval
9% variable
Term
126 months
SBA guaranteed
$525K (75%)
Approval → funding
40 days
Approved
2/16/2023
First disbursed
3/28/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Franchise
Ziggi's Coffee
Jobs supported
44
Business age
Startup, Loan Funds will Open Business
Industry
Coffee and Tea Manufacturing
Your business? Claim this record · Request removal
ROKEL INC. in Carmel, IN — $509K (2023) · Commercial Printing (except Screen and Books)
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$382K (75%)
Approval → funding
5 days
Approved
11/17/2022
First disbursed
11/22/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Franchise
AlphaGraphics
Jobs supported
7
Business age
Existing or more than 2 years old
Industry
Commercial Printing (except Screen and Books)
Your business? Claim this record · Request removal
Barbell Fitness Club LLC in Pittsboro, IN — $250K (2023) · purchase · Fitness and Recreational Sports Centers
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
86 months
SBA guaranteed
$188K (75%)
Approval → funding
49 days
Approved
10/5/2022
First disbursed
11/23/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Change of Ownership
Industry
Fitness and Recreational Sports Centers
If you were the buyer here
Est. deal size
$278K
Est. down payment (10%)
$28K
Est. cash at closing
$37K
Monthly payment
$3,767
Annual debt service
$45K
Cash flow needed (1.25×)
$57K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal
VAN HULLE COMMERCIAL LLC in Lafayette, IN — $212K (2023) · purchase · Framing Contractors
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9% variable
Term
300 mo (25 yrs)
SBA guaranteed
$106K (50%)
Approval → funding
6 days
Approved
4/24/2023
First disbursed
4/30/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Framing Contractors
If you were the buyer here
Est. deal size
$235K
Est. down payment (10%)
$24K
Est. cash at closing
$31K
Monthly payment
$1,775
Annual debt service
$21K
Cash flow needed (1.25×)
$27K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal
THE FRAME JOINT, LLC in Lafayette, IN — $160K (2023) · purchase · Framing Contractors
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9% variable
Term
122 months
SBA guaranteed
$80K (50%)
Approval → funding
6 days
Approved
4/24/2023
First disbursed
4/30/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Framing Contractors
If you were the buyer here
Est. deal size
$177K
Est. down payment (10%)
$18K
Est. cash at closing
$24K
Monthly payment
$2,000
Annual debt service
$24K
Cash flow needed (1.25×)
$30K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Your business? Claim this record · Request removal
C&L Coffee 1, LLC in Pendleton, IN — $600K (2022) · Snack and Nonalcoholic Beverage Bars
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
127 months
SBA guaranteed
$450K (75%)
Approval → funding
45 days
Approved
5/13/2022
First disbursed
6/27/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Franchise
Ziggi's Coffee
Jobs supported
44
Business age
Startup, Loan Funds will Open Business
Industry
Snack and Nonalcoholic Beverage Bars
Your business? Claim this record · Request removal
Hurst Group, LLC in Indianapolis, IN — $911K (2021) · Landscaping Services
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$820K (90%)
Approved
9/28/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Existing or more than 2 years old
Industry
Landscaping Services
Your business? Claim this record · Request removal

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Businesses State Bank financed

16 businesses on record. Each links to its full SBA record.

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CapBench analysis of public lending records, FY2020–present. Not affiliated with State Bank.

Agent summary

This page summarizes State Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

19 SBA 7(a) loans on record
$300K typical deal
7 business-acquisition loans
HQ: 885 N Illinois Route 3, Waterloo, IL
5 FDIC branch locations
FDIC total assets $320.1M

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/state-bank
API:: https://www.capbench.com/api/public/lenders/state-bank
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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