Auburn Savings Bank, FSB
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Auburn Savings Bank, FSB · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541211 | Offices of Certified Public Accountants | 1 | $850K | $850K | 100.0% |
Geographic Distribution
SBA lending activity for Auburn Savings Bank, FSB by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 1 | $850K | 100.0% |
Why Choose Auburn Savings Bank, FSB?
Based on SBA 7(a) lending track record from 2010-2010
- ✓Proven Track Record: 1 SBA loans approved, totaling $850K in financing
- ✓Industry Expertise: Specialized focus on Offices of Certified Public Accountants
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 74 months
- ✓Loan Range: Loan sizes from $850K to $850K, with an average of $850K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
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 Auburn Savings Bank, FSB SBA lending
What types of businesses does Auburn Savings Bank, FSB typically finance?
Auburn Savings Bank, FSB specializes in SBA 7(a) lending to specific industries including offices of certified public accountants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Auburn Savings Bank, FSB's typical SBA loan terms?
Auburn Savings Bank, FSB's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 74 months (approximately 6 years). Loan sizes range from $850K to $850K, with an average loan size of $850K.
Do I need a business valuation for a Auburn Savings Bank, FSB SBA loan?
Yes, Auburn Savings Bank, FSB 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 Auburn Savings Bank, FSB compare to other SBA lenders?
Auburn Savings Bank, FSB has originated 1 SBA loans totaling $850K since 2010. 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 Auburn Savings Bank, FSB lend in?
Auburn Savings Bank, FSB provides SBA 7(a) financing with particularly strong presence in ME. 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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