Asian Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Asian Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 24 | $2.0M | $83K | 16.7% |
| 484110 | General Freight Trucking, Local | 16 | $2.6M | $163K | 11.1% |
| 722330 | Mobile Food Services | 16 | $1.3M | $80K | 11.1% |
| 424410 | General Line Grocery Merchant Wholesalers | 8 | $800K | $100K | 5.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $2.2M | $272K | 5.6% |
| 311811 | Retail Bakeries | 8 | $2.8M | $350K | 5.6% |
| 424910 | Farm Supplies Merchant Wholesalers | 8 | $1.2M | $144K | 5.6% |
| 541213 | Tax Preparation Services | 8 | $640K | $80K | 5.6% |
| 458110 | Other | 8 | $3.2M | $405K | 5.6% |
| 449210 | Other | 8 | $480K | $60K | 5.6% |
Geographic Distribution
SBA lending activity for Asian Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 112 | $21.9M | 77.8% |
| New Jersey (NJ) | 32 | $7.2M | 22.2% |
Why Choose Asian Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $29.1M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery (except Convenience) Stores, General Freight Trucking, Local, Mobile Food Services
- ✓Competitive Terms: Average interest rate of 8.81% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $50K to $960K, with an average of $202K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, 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 Asian Bank SBA lending
What types of businesses does Asian Bank typically finance?
Asian Bank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery (except convenience) stores, general freight trucking, local, mobile food services, general line grocery merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Asian Bank's typical SBA loan terms?
Asian Bank's SBA 7(a) loans typically feature an average interest rate of 8.81% and average term length of 115 months (approximately 10 years). Loan sizes range from $50K to $960K, with an average loan size of $202K.
Do I need a business valuation for a Asian Bank SBA loan?
Yes, Asian 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 Asian Bank compare to other SBA lenders?
Asian Bank has originated 144 SBA loans totaling $29.1M since 2020. 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 Asian Bank lend in?
Asian Bank provides SBA 7(a) financing with particularly strong presence in PA, 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.
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