Avidia Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Avidia Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 80 | $47.4M | $593K | 13.7% |
| 621210 | Offices of Dentists | 40 | $20.0M | $501K | 6.8% |
| 561730 | Landscaping Services | 24 | $13.8M | $574K | 4.1% |
| 722513 | Limited-Service Restaurants | 24 | $7.2M | $300K | 4.1% |
| 311920 | Coffee and Tea Manufacturing | 24 | $8.3M | $345K | 4.1% |
| 812199 | Other Personal Care Services | 24 | $13.9M | $579K | 4.1% |
| 312120 | Breweries | 16 | $4.9M | $308K | 2.7% |
| 445320 | Other | 16 | $3.0M | $191K | 2.7% |
| 326121 | Unsupported Plastics Profile Shapes Manufacturing | 16 | $2.2M | $139K | 2.7% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $5.8M | $364K | 2.7% |
Geographic Distribution
SBA lending activity for Avidia Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 528 | $225.6M | 90.4% |
| Connecticut (CT) | 40 | $28.7M | 6.8% |
| Rhode Island (RI) | 8 | $6.0M | 1.4% |
| New Hampshire (NH) | 8 | $1.6M | 1.4% |
Why Choose Avidia Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 584 SBA loans approved, totaling $261.9M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Dentists, Landscaping Services
- ✓Competitive Terms: Average interest rate of 7.45% with flexible term lengths averaging 136 months
- ✓Loan Range: Loan sizes from $25K to $3.2M, with an average of $448K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in MA, CT, NH
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 Avidia Bank SBA lending
What types of businesses does Avidia Bank typically finance?
Avidia Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of dentists, landscaping services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Avidia Bank's typical SBA loan terms?
Avidia Bank's SBA 7(a) loans typically feature an average interest rate of 7.45% and average term length of 136 months (approximately 11 years). Loan sizes range from $25K to $3.2M, with an average loan size of $448K.
Do I need a business valuation for a Avidia Bank SBA loan?
Yes, Avidia 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 Avidia Bank compare to other SBA lenders?
Avidia Bank has originated 584 SBA loans totaling $261.9M 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 Avidia Bank lend in?
Avidia Bank provides SBA 7(a) financing with particularly strong presence in MA, CT, NH, RI. 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?
Professional valuations are often required for SBA loans over $250,000.
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