AmeriServ Financial Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by AmeriServ Financial Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321113 | Sawmills | 4 | $1.2M | $300K | 3.5% |
| 722410 | Drinking Places (Alcoholic Beverages) | 4 | $327K | $82K | 3.5% |
| 811111 | General Automotive Repair | 3 | $307K | $102K | 2.6% |
| 238990 | All Other Specialty Trade Contractors | 2 | $50K | $25K | 1.8% |
| 621310 | Offices of Chiropractors | 2 | $299K | $150K | 1.8% |
| 332710 | Machine Shops | 1 | $71K | $71K | 0.9% |
| 488510 | Freight Transportation Arrangement | 1 | $800K | $800K | 0.9% |
| 713120 | Amusement Arcades | 1 | $300K | $300K | 0.9% |
| 213113 | Support Activities for Coal Mining | 1 | $35K | $35K | 0.9% |
| 312111 | Soft Drink Manufacturing | 1 | $104K | $104K | 0.9% |
Geographic Distribution
SBA lending activity for AmeriServ Financial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 112 | $18.9M | 98.2% |
| District of Columbia (DC) | 1 | $150K | 0.9% |
| Virginia (VA) | 1 | $40K | 0.9% |
Why Choose AmeriServ Financial Bank?
Based on SBA 7(a) lending track record from 1991-2019
- ✓Proven Track Record: 114 SBA loans approved, totaling $19.0M in financing
- ✓Industry Expertise: Specialized focus on Sawmills, Drinking Places (Alcoholic Beverages), General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.73% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $8K to $4.3M, with an average of $167K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in PA, DC, VA
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 AmeriServ Financial Bank SBA lending
What types of businesses does AmeriServ Financial Bank typically finance?
AmeriServ Financial Bank specializes in SBA 7(a) lending to specific industries including sawmills, drinking places (alcoholic beverages), general automotive repair, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are AmeriServ Financial Bank's typical SBA loan terms?
AmeriServ Financial Bank's SBA 7(a) loans typically feature an average interest rate of 6.73% and average term length of 102 months (approximately 9 years). Loan sizes range from $8K to $4.3M, with an average loan size of $167K.
Do I need a business valuation for a AmeriServ Financial Bank SBA loan?
Yes, AmeriServ Financial 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 AmeriServ Financial Bank compare to other SBA lenders?
AmeriServ Financial Bank has originated 114 SBA loans totaling $19.0M since 1991. 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 AmeriServ Financial Bank lend in?
AmeriServ Financial Bank provides SBA 7(a) financing with particularly strong presence in PA, DC, VA. 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.
Get your certified valuation from Fair Market Value.