Bath Savings Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bath Savings Trust Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311813 | Frozen Cakes, Pies, and Other Pastries Manufacturing | 1 | $453K | $453K | 33.3% |
| 561720 | Janitorial Services | 1 | $17K | $17K | 33.3% |
Geographic Distribution
SBA lending activity for Bath Savings Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 3 | $570K | 100.0% |
Why Choose Bath Savings Trust Company?
Based on SBA 7(a) lending track record from 2003-2008
- ✓Proven Track Record: 3 SBA loans approved, totaling $570K in financing
- ✓Industry Expertise: Specialized focus on Frozen Cakes, Pies, and Other Pastries Manufacturing, Janitorial Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $17K to $453K, with an average of $190K
- ✓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 Trust Company SBA lending
What types of businesses does Bath Savings Trust Company typically finance?
Bath Savings Trust Company specializes in SBA 7(a) lending to specific industries including frozen cakes, pies, and other pastries manufacturing, janitorial services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bath Savings Trust Company's typical SBA loan terms?
Bath Savings Trust Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $17K to $453K, with an average loan size of $190K.
Do I need a business valuation for a Bath Savings Trust Company SBA loan?
Yes, Bath Savings Trust Company 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 Trust Company compare to other SBA lenders?
Bath Savings Trust Company has originated 3 SBA loans totaling $570K since 2003. 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 Trust Company lend in?
Bath Savings Trust Company 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
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.
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