Advantage Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Advantage Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 1 | $200K | $200K | 9.1% |
| 621210 | Offices of Dentists | 1 | $475K | $475K | 9.1% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $85K | $85K | 9.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $400K | $400K | 9.1% |
| 531210 | Offices of Real Estate Agents and Brokers | 1 | $200K | $200K | 9.1% |
Geographic Distribution
SBA lending activity for Advantage Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 11 | $3.3M | 100.0% |
Why Choose Advantage Bank?
Based on SBA 7(a) lending track record from 1999-2004
- ✓Proven Track Record: 11 SBA loans approved, totaling $3.3M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Offices of Dentists, Other Business Service Centers (including Copy Shops)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $40K to $585K, with an average of $297K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NJ
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 Advantage Bank SBA lending
What types of businesses does Advantage Bank typically finance?
Advantage Bank specializes in SBA 7(a) lending to specific industries including machine shops, offices of dentists, other business service centers (including copy shops), offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Advantage Bank's typical SBA loan terms?
Advantage Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 141 months (approximately 12 years). Loan sizes range from $40K to $585K, with an average loan size of $297K.
Do I need a business valuation for a Advantage Bank SBA loan?
Yes, Advantage 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 Advantage Bank compare to other SBA lenders?
Advantage Bank has originated 11 SBA loans totaling $3.3M since 1999. 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 Advantage Bank lend in?
Advantage Bank provides SBA 7(a) financing with particularly strong presence in NJ. 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.