Applied Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Applied Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 3 | $6.2M | $2.1M | 16.7% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $5.0M | $2.5M | 11.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $4.8M | $2.4M | 11.1% |
| 112320 | Broilers and Other Meat Type Chicken Production | 1 | $675K | $675K | 5.6% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $760K | $760K | 5.6% |
| 722513 | Limited-Service Restaurants | 1 | $450K | $450K | 5.6% |
| 524210 | Insurance Agencies and Brokerages | 1 | $585K | $585K | 5.6% |
| 812199 | Other Personal Care Services | 1 | $145K | $145K | 5.6% |
| 339999 | All Other Miscellaneous Manufacturing | 1 | $825K | $825K | 5.6% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $145K | $145K | 5.6% |
Geographic Distribution
SBA lending activity for Applied Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Delaware (DE) | 15 | $23.5M | 83.3% |
| Maryland (MD) | 1 | $2.7M | 5.6% |
| Pennsylvania (PA) | 2 | $1.4M | 11.1% |
Why Choose Applied Bank?
Based on SBA 7(a) lending track record from 2012-2023
- ✓Proven Track Record: 18 SBA loans approved, totaling $27.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.95% with flexible term lengths averaging 246 months
- ✓Loan Range: Loan sizes from $145K to $5.0M, with an average of $1.5M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in DE, PA, MD
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 Applied Bank SBA lending
What types of businesses does Applied Bank typically finance?
Applied Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, hotels (except casino hotels) and motels, broilers and other meat type chicken production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Applied Bank's typical SBA loan terms?
Applied Bank's SBA 7(a) loans typically feature an average interest rate of 5.95% and average term length of 246 months (approximately 21 years). Loan sizes range from $145K to $5.0M, with an average loan size of $1.5M.
Do I need a business valuation for a Applied Bank SBA loan?
Yes, Applied 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 Applied Bank compare to other SBA lenders?
Applied Bank has originated 18 SBA loans totaling $27.6M since 2012. 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 Applied Bank lend in?
Applied Bank provides SBA 7(a) financing with particularly strong presence in DE, PA, MD. 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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