Bar Harbor Wealth Management
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bar Harbor Wealth Management · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 4 | $386K | $97K | 28.6% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $54K | $54K | 7.1% |
| 113310 | Logging | 1 | $43K | $43K | 7.1% |
| 811111 | General Automotive Repair | 1 | $30K | $30K | 7.1% |
Geographic Distribution
SBA lending activity for Bar Harbor Wealth Management by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 14 | $1.9M | 100.0% |
Why Choose Bar Harbor Wealth Management?
Based on SBA 7(a) lending track record from 1992-1999
- ✓Proven Track Record: 14 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Coin-Operated Laundries and Drycleaners, Logging
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $30K to $350K, with an average of $139K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Bar Harbor Wealth Management SBA lending
What types of businesses does Bar Harbor Wealth Management typically finance?
Bar Harbor Wealth Management specializes in SBA 7(a) lending to specific industries including offices of dentists, coin-operated laundries and drycleaners, logging, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bar Harbor Wealth Management's typical SBA loan terms?
Bar Harbor Wealth Management's SBA 7(a) loans typically feature an average interest rate of — and average term length of 145 months (approximately 12 years). Loan sizes range from $30K to $350K, with an average loan size of $139K.
Do I need a business valuation for a Bar Harbor Wealth Management SBA loan?
Yes, Bar Harbor Wealth Management 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 Bar Harbor Wealth Management compare to other SBA lenders?
Bar Harbor Wealth Management has originated 14 SBA loans totaling $1.9M since 1992. 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 Bar Harbor Wealth Management lend in?
Bar Harbor Wealth Management provides SBA 7(a) financing with particularly strong presence in NH. 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?
Certified valuations are often required for SBA loans over $250,000.
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