Alma Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Alma Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722310 | Food Service Contractors | 16 | $22.1M | $1.4M | 10.0% |
| 311812 | Commercial Bakeries | 16 | $17.2M | $1.1M | 10.0% |
| 445291 | Baked Goods Stores | 16 | $22.4M | $1.4M | 10.0% |
| 722511 | Full-Service Restaurants | 16 | $42.2M | $2.6M | 10.0% |
| 445320 | Other | 8 | $8.0M | $1.0M | 5.0% |
| 812112 | Beauty Salons | 8 | $1.1M | $140K | 5.0% |
| 561730 | Landscaping Services | 8 | $4.8M | $600K | 5.0% |
| 531210 | Offices of Real Estate Agents and Brokers | 8 | $7.4M | $926K | 5.0% |
| 238990 | All Other Specialty Trade Contractors | 8 | $22.4M | $2.8M | 5.0% |
| 541410 | Interior Design Services | 8 | $5.4M | $680K | 5.0% |
Geographic Distribution
SBA lending activity for Alma Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 136 | $169.1M | 85.0% |
| New Jersey (NJ) | 24 | $20.8M | 15.0% |
Why Choose Alma Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 160 SBA loans approved, totaling $189.9M in financing
- ✓Industry Expertise: Specialized focus on Food Service Contractors, Commercial Bakeries, Baked Goods Stores
- ✓Competitive Terms: Average interest rate of 8.29% with flexible term lengths averaging 219 months
- ✓Loan Range: Loan sizes from $135K to $4.9M, with an average of $1.2M
- ✓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 food service contractors, commercial bakeries, baked goods stores, full-service restaurants. 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 8.29% and average term length of 219 months (approximately 18 years). Loan sizes range from $135K to $4.9M, with an average loan size of $1.2M.
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 160 SBA loans totaling $189.9M 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 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?
Professional valuations are often required for SBA loans over $250,000.
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