Amerasia Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Amerasia Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 13 | $2.9M | $221K | 37.1% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 4 | $680K | $170K | 11.4% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | $550K | $275K | 5.7% |
| 722511 | Full-Service Restaurants | 2 | $550K | $275K | 5.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $300K | $300K | 2.9% |
| 611620 | Sports and Recreation Instruction | 1 | $120K | $120K | 2.9% |
| 311811 | Retail Bakeries | 1 | $150K | $150K | 2.9% |
| 492110 | Couriers and Express Delivery Services | 1 | $100K | $100K | 2.9% |
Geographic Distribution
SBA lending activity for Amerasia Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 25 | $5.5M | 71.4% |
| Florida (FL) | 7 | $675K | 20.0% |
| New Jersey (NJ) | 2 | $180K | 5.7% |
| Pennsylvania (PA) | 1 | $120K | 2.9% |
Why Choose Amerasia Bank?
Based on SBA 7(a) lending track record from 1996-2018
- ✓Proven Track Record: 35 SBA loans approved, totaling $6.5M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Drycleaning and Laundry Services (except Coin-Operated), Other Miscellaneous Nondurable Goods Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.75% with flexible term lengths averaging 68 months
- ✓Loan Range: Loan sizes from $25K to $450K, with an average of $185K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NY, FL, 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 Amerasia Bank SBA lending
What types of businesses does Amerasia Bank typically finance?
Amerasia Bank specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, drycleaning and laundry services (except coin-operated), other miscellaneous nondurable goods merchant wholesalers, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Amerasia Bank's typical SBA loan terms?
Amerasia Bank's SBA 7(a) loans typically feature an average interest rate of 6.75% and average term length of 68 months (approximately 6 years). Loan sizes range from $25K to $450K, with an average loan size of $185K.
Do I need a business valuation for a Amerasia Bank SBA loan?
Yes, Amerasia 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 Amerasia Bank compare to other SBA lenders?
Amerasia Bank has originated 35 SBA loans totaling $6.5M since 1996. 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 Amerasia Bank lend in?
Amerasia Bank provides SBA 7(a) financing with particularly strong presence in NY, FL, NJ, PA. 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.
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