bankHometown
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by bankHometown
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $3.2M | $400K | 14.3% |
| 811191 | Automotive Oil Change and Lubrication Shops | 8 | $664K | $83K | 14.3% |
| 332510 | Hardware Manufacturing | 8 | $3.0M | $375K | 14.3% |
| 449121 | Other | 8 | $9.2M | $1.1M | 14.3% |
| 811192 | Car Washes | 8 | $3.8M | $470K | 14.3% |
| 621210 | Offices of Dentists | 8 | $823K | $103K | 14.3% |
| 484110 | General Freight Trucking, Local | 8 | $378K | $47K | 14.3% |
Geographic Distribution
SBA lending activity for bankHometown by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 56 | $21.0M | 100.0% |
Why Choose bankHometown?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 56 SBA loans approved, totaling $21.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Automotive Oil Change and Lubrication Shops, Hardware Manufacturing
- ✓Competitive Terms: Average interest rate of 5.89% with flexible term lengths averaging 81 months
- ✓Loan Range: Loan sizes from $47K to $1.1M, with an average of $375K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 bankHometown SBA lending
What types of businesses does bankHometown typically finance?
bankHometown specializes in SBA 7(a) lending to specific industries including full-service restaurants, automotive oil change and lubrication shops, hardware manufacturing, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are bankHometown's typical SBA loan terms?
bankHometown's SBA 7(a) loans typically feature an average interest rate of 5.89% and average term length of 81 months (approximately 7 years). Loan sizes range from $47K to $1.1M, with an average loan size of $375K.
Do I need a business valuation for a bankHometown SBA loan?
Yes, bankHometown 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 bankHometown compare to other SBA lenders?
bankHometown has originated 56 SBA loans totaling $21.0M 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 bankHometown lend in?
bankHometown provides SBA 7(a) financing with particularly strong presence in MA. 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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