Bankwell Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bankwell Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 464 | $928.4M | $2.0M | 43.0% |
| 722511 | Full-Service Restaurants | 96 | $36.0M | $375K | 8.9% |
| 624410 | Child Day Care Services | 56 | $104.6M | $1.9M | 5.2% |
| 541990 | All Other Professional, Scientific, and Technical Services | 24 | $8.1M | $338K | 2.2% |
| 541511 | Custom Computer Programming Services | 16 | $6.7M | $419K | 1.5% |
| 541611 | Administrative Management and General Management Consulting Services | 16 | $5.2M | $325K | 1.5% |
| 611710 | Educational Support Services | 16 | $27.4M | $1.7M | 1.5% |
| 621610 | Home Health Care Services | 16 | $24.5M | $1.5M | 1.5% |
| 722513 | Limited-Service Restaurants | 16 | $4.2M | $265K | 1.5% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $2.0M | $128K | 1.5% |
Geographic Distribution
SBA lending activity for Bankwell Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 240 | $403.1M | 22.2% |
| Texas (TX) | 160 | $235.7M | 14.8% |
| California (CA) | 112 | $149.8M | 10.4% |
| New York (NY) | 48 | $88.2M | 4.4% |
| New Jersey (NJ) | 64 | $85.7M | 5.9% |
| Pennsylvania (PA) | 56 | $64.3M | 5.2% |
| Georgia (GA) | 64 | $51.5M | 5.9% |
| Rhode Island (RI) | 16 | $47.5M | 1.5% |
| Illinois (IL) | 40 | $46.6M | 3.7% |
| Maryland (MD) | 32 | $23.0M | 3.0% |
| Arkansas (AR) | 8 | $22.2M | 0.7% |
| North Carolina (NC) | 16 | $22.0M | 1.5% |
| Arizona (AZ) | 8 | $22.0M | 0.7% |
| Connecticut (CT) | 56 | $21.4M | 5.2% |
| Utah (UT) | 16 | $15.1M | 1.5% |
| South Carolina (SC) | 24 | $10.5M | 2.2% |
| Massachusetts (MA) | 16 | $8.8M | 1.5% |
| Nevada (NV) | 8 | $8.0M | 0.7% |
| Michigan (MI) | 24 | $5.8M | 2.2% |
| Delaware (DE) | 8 | $4.0M | 0.7% |
| Colorado (CO) | 8 | $4.0M | 0.7% |
| Idaho (ID) | 8 | $4.0M | 0.7% |
| Virginia (VA) | 8 | $4.0M | 0.7% |
| Oregon (OR) | 8 | $3.2M | 0.7% |
| Wisconsin (WI) | 8 | $2.5M | 0.7% |
| Montana (MT) | 8 | $2.4M | 0.7% |
| Alabama (AL) | 8 | $920K | 0.7% |
| Louisiana (LA) | 8 | $800K | 0.7% |
Why Choose Bankwell Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,080 SBA loans approved, totaling $1.36B in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Full-Service Restaurants, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 9.31% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 28 states, with strong presence in FL, TX, CA
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, child day care services, all other professional, scientific, and technical 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 9.31% and average term length of 132 months (approximately 11 years). Loan sizes range from $50K to $5.0M, with an average loan size of $1.3M.
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 1,080 SBA loans totaling $1.36B 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 Bankwell Bank lend in?
Bankwell Bank provides SBA 7(a) financing with particularly strong presence in FL, TX, CA, NJ, GA. 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.
Get your certified valuation from Fair Market Value.