Amalgamated Bank of Chicago
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Amalgamated Bank of Chicago · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 1 | $100K | $100K | 16.7% |
| 484110 | General Freight Trucking, Local | 1 | $123K | $123K | 16.7% |
Geographic Distribution
SBA lending activity for Amalgamated Bank of Chicago by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 6 | $573K | 100.0% |
Why Choose Amalgamated Bank of Chicago?
Based on SBA 7(a) lending track record from 1992-2001
- ✓Proven Track Record: 6 SBA loans approved, totaling $573K in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $45K to $123K, with an average of $96K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Amalgamated Bank of Chicago SBA lending
What types of businesses does Amalgamated Bank of Chicago typically finance?
Amalgamated Bank of Chicago specializes in SBA 7(a) lending to specific industries including offices of dentists, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Amalgamated Bank of Chicago's typical SBA loan terms?
Amalgamated Bank of Chicago's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $45K to $123K, with an average loan size of $96K.
Do I need a business valuation for a Amalgamated Bank of Chicago SBA loan?
Yes, Amalgamated Bank of Chicago 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 Amalgamated Bank of Chicago compare to other SBA lenders?
Amalgamated Bank of Chicago has originated 6 SBA loans totaling $573K since 1992. 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 Amalgamated Bank of Chicago lend in?
Amalgamated Bank of Chicago provides SBA 7(a) financing with particularly strong presence in IL. 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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