Bankwell Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bankwell Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 69 | $126.2M | $1.8M | 22.3% |
| 722511 | Full-Service Restaurants | 21 | $10.6M | $507K | 6.8% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 9 | $7.2M | $795K | 2.9% |
| 624410 | Child Care Services | 9 | $9.7M | $1.1M | 2.9% |
| 238990 | All Other Specialty Trade Contractors | 6 | $1.1M | $182K | 1.9% |
| 722513 | Limited-Service Restaurants | 6 | $1.8M | $302K | 1.9% |
| 541990 | All Other Professional, Scientific, and Technical Services | 5 | $1.3M | $253K | 1.6% |
| 518210 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 5 | $1.2M | $248K | 1.6% |
| 336413 | Other Aircraft Parts and Auxiliary Equipment Manufacturing | 4 | $2.7M | $676K | 1.3% |
| 812990 | All Other Personal Services | 4 | $450K | $113K | 1.3% |
Geographic Distribution
SBA lending activity for Bankwell Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 177 | $64.9M | 57.1% |
| Florida (FL) | 35 | $55.7M | 11.3% |
| Texas (TX) | 20 | $29.6M | 6.5% |
| California (CA) | 12 | $21.0M | 3.9% |
| New Jersey (NJ) | 12 | $18.9M | 3.9% |
| Rhode Island (RI) | 2 | $8.4M | 0.6% |
| New York (NY) | 9 | $6.9M | 2.9% |
| Georgia (GA) | 6 | $6.0M | 1.9% |
| Pennsylvania (PA) | 6 | $5.9M | 1.9% |
| Illinois (IL) | 5 | $5.8M | 1.6% |
| Arkansas (AR) | 1 | $2.8M | 0.3% |
| North Carolina (NC) | 2 | $2.8M | 0.6% |
| Arizona (AZ) | 1 | $2.8M | 0.3% |
| Maryland (MD) | 2 | $2.2M | 0.6% |
| Washington (WA) | 1 | $2.1M | 0.3% |
| Utah (UT) | 2 | $1.9M | 0.6% |
| Virginia (VA) | 2 | $1.6M | 0.6% |
| Massachusetts (MA) | 2 | $1.1M | 0.6% |
| Nevada (NV) | 1 | $1.0M | 0.3% |
| South Carolina (SC) | 2 | $610K | 0.6% |
| Michigan (MI) | 2 | $580K | 0.6% |
| Colorado (CO) | 1 | $500K | 0.3% |
| Delaware (DE) | 1 | $500K | 0.3% |
| Idaho (ID) | 1 | $500K | 0.3% |
| Oregon (OR) | 1 | $400K | 0.3% |
| Wisconsin (WI) | 1 | $315K | 0.3% |
| Montana (MT) | 1 | $300K | 0.3% |
| Alabama (AL) | 1 | $115K | 0.3% |
| Louisiana (LA) | 1 | $100K | 0.3% |
Why Choose Bankwell Bank?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 310 SBA loans approved, totaling $245.3M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Full-Service Restaurants, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of 7.23% with flexible term lengths averaging 126 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $791K
- ✓Nationwide Reach: Active lending in 29 states, with strong presence in CT, FL, TX
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 Bankwell Bank SBA lending
What types of businesses does Bankwell Bank typically finance?
Bankwell Bank specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, full-service restaurants, lessors of nonresidential buildings (except miniwarehouses), child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bankwell Bank's typical SBA loan terms?
Bankwell Bank's SBA 7(a) loans typically feature an average interest rate of 7.23% and average term length of 126 months (approximately 11 years). Loan sizes range from $10K to $5.0M, with an average loan size of $791K.
Do I need a business valuation for a Bankwell Bank SBA loan?
Yes, Bankwell 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 Bankwell Bank compare to other SBA lenders?
Bankwell Bank has originated 310 SBA loans totaling $245.3M since 1995. 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 Bankwell Bank lend in?
Bankwell Bank provides SBA 7(a) financing with particularly strong presence in CT, FL, TX, NJ, CA. 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.
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