Amboy Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Amboy Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 3 | $310K | $103K | 3.4% |
| 812210 | Funeral Homes and Funeral Services | 3 | $217K | $72K | 3.4% |
| 812112 | Beauty Salons | 2 | $105K | $53K | 2.3% |
| 541940 | Veterinary Services | 2 | $149K | $75K | 2.3% |
| 812113 | Nail Salons | 2 | $135K | $68K | 2.3% |
| 624410 | Child Care Services | 2 | $1.1M | $544K | 2.3% |
| 326199 | All Other Plastics Product Manufacturing | 2 | $200K | $100K | 2.3% |
| 561730 | Landscaping Services | 2 | $200K | $100K | 2.3% |
| 488490 | Other Support Activities for Road Transportation | 1 | $60K | $60K | 1.1% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $50K | $50K | 1.1% |
Geographic Distribution
SBA lending activity for Amboy Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 88 | $9.4M | 100.0% |
Why Choose Amboy Bank?
Based on SBA 7(a) lending track record from 1995-2012
- ✓Proven Track Record: 88 SBA loans approved, totaling $9.4M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Funeral Homes and Funeral Services, Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.96% with flexible term lengths averaging 81 months
- ✓Loan Range: Loan sizes from $15K to $922K, with an average of $107K
- ✓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 Amboy Bank SBA lending
What types of businesses does Amboy Bank typically finance?
Amboy Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, funeral homes and funeral services, beauty salons, veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Amboy Bank's typical SBA loan terms?
Amboy Bank's SBA 7(a) loans typically feature an average interest rate of 5.96% and average term length of 81 months (approximately 7 years). Loan sizes range from $15K to $922K, with an average loan size of $107K.
Do I need a business valuation for a Amboy Bank SBA loan?
Yes, Amboy 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 Amboy Bank compare to other SBA lenders?
Amboy Bank has originated 88 SBA loans totaling $9.4M since 1995. 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 Amboy Bank lend in?
Amboy 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?
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