Bank of New York Mellon Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of New York Mellon Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713110 | Amusement and Theme Parks | 1 | $100K | $100K | 100.0% |
Geographic Distribution
SBA lending activity for Bank of New York Mellon Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1 | $100K | 100.0% |
Why Choose Bank of New York Mellon Corporation?
Based on SBA 7(a) lending track record from 1998-1998
- ✓Proven Track Record: 1 SBA loans approved, totaling $100K in financing
- ✓Industry Expertise: Specialized focus on Amusement and Theme Parks
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 36 months
- ✓Loan Range: Loan sizes from $100K to $100K, with an average of $100K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Bank of New York Mellon Corporation SBA lending
What types of businesses does Bank of New York Mellon Corporation typically finance?
Bank of New York Mellon Corporation specializes in SBA 7(a) lending to specific industries including amusement and theme parks. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of New York Mellon Corporation's typical SBA loan terms?
Bank of New York Mellon Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 36 months (approximately 3 years). Loan sizes range from $100K to $100K, with an average loan size of $100K.
Do I need a business valuation for a Bank of New York Mellon Corporation SBA loan?
Yes, Bank of New York Mellon Corporation 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 Bank of New York Mellon Corporation compare to other SBA lenders?
Bank of New York Mellon Corporation has originated 1 SBA loans totaling $100K since 1998. 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 Bank of New York Mellon Corporation lend in?
Bank of New York Mellon Corporation provides SBA 7(a) financing with particularly strong presence in PA. 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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