Bath Savings Institution
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Bath Savings Institution
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 32 | $7.0M | $218K | 11.1% |
| 238910 | Site Preparation Contractors | 24 | $1.4M | $60K | 8.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 16 | $3.4M | $210K | 5.6% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 16 | $14.4M | $900K | 5.6% |
| 238210 | Electrical Contractors | 16 | $3.9M | $241K | 5.6% |
| 238320 | Painting and Wall Covering Contractors | 16 | $6.4M | $398K | 5.6% |
| 311812 | Commercial Bakeries | 8 | $400K | $50K | 2.8% |
| 451211 | Book Stores | 8 | $320K | $40K | 2.8% |
| 311920 | Coffee and Tea Manufacturing | 8 | $4.0M | $500K | 2.8% |
| 722513 | Limited-Service Restaurants | 8 | $560K | $70K | 2.8% |
Geographic Distribution
SBA lending activity for Bath Savings Institution by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 288 | $79.3M | 100.0% |
Why Choose Bath Savings Institution?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 288 SBA loans approved, totaling $79.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Site Preparation Contractors, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 5.84% with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $20K to $3.0M, with an average of $275K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
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 Bath Savings Institution SBA lending
What types of businesses does Bath Savings Institution typically finance?
Bath Savings Institution specializes in SBA 7(a) lending to specific industries including full-service restaurants, site preparation contractors, coin-operated laundries and drycleaners, all other miscellaneous store retailers (except tobacco stores). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bath Savings Institution's typical SBA loan terms?
Bath Savings Institution's SBA 7(a) loans typically feature an average interest rate of 5.84% and average term length of 91 months (approximately 8 years). Loan sizes range from $20K to $3.0M, with an average loan size of $275K.
Do I need a business valuation for a Bath Savings Institution SBA loan?
Yes, Bath Savings Institution 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 Bath Savings Institution compare to other SBA lenders?
Bath Savings Institution has originated 288 SBA loans totaling $79.3M 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 Bath Savings Institution lend in?
Bath Savings Institution provides SBA 7(a) financing with particularly strong presence in ME. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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