Alma Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Alma Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 5 | $6.5M | $1.3M | 14.7% |
| 722310 | Food Service Contractors | 2 | $2.8M | $1.4M | 5.9% |
| 311511 | Fluid Milk Manufacturing | 2 | $751K | $376K | 5.9% |
| 311812 | Commercial Bakeries | 2 | $2.1M | $1.1M | 5.9% |
| 541211 | Offices of Certified Public Accountants | 1 | $135K | $135K | 2.9% |
| 812112 | Beauty Salons | 1 | $140K | $140K | 2.9% |
| 561730 | Landscaping Services | 1 | $600K | $600K | 2.9% |
| 541410 | Interior Design Services | 1 | $680K | $680K | 2.9% |
| 238990 | All Other Specialty Trade Contractors | 1 | $2.8M | $2.8M | 2.9% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 1 | $300K | $300K | 2.9% |
Geographic Distribution
SBA lending activity for Alma Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 30 | $25.6M | 88.2% |
| New Jersey (NJ) | 4 | $2.8M | 11.8% |
Why Choose Alma Bank?
Based on SBA 7(a) lending track record from 2015-2024
- ✓Proven Track Record: 34 SBA loans approved, totaling $28.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Food Service Contractors, Fluid Milk Manufacturing
- ✓Competitive Terms: Average interest rate of 7.59% with flexible term lengths averaging 183 months
- ✓Loan Range: Loan sizes from $125K to $4.9M, with an average of $835K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, 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 Alma Bank SBA lending
What types of businesses does Alma Bank typically finance?
Alma Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, food service contractors, fluid milk manufacturing, commercial bakeries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Alma Bank's typical SBA loan terms?
Alma Bank's SBA 7(a) loans typically feature an average interest rate of 7.59% and average term length of 183 months (approximately 15 years). Loan sizes range from $125K to $4.9M, with an average loan size of $835K.
Do I need a business valuation for a Alma Bank SBA loan?
Yes, Alma 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 Alma Bank compare to other SBA lenders?
Alma Bank has originated 34 SBA loans totaling $28.4M since 2015. 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 Alma Bank lend in?
Alma Bank provides SBA 7(a) financing with particularly strong presence in NY, 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.
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