Bay National Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bay National Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $300K | $300K | 100.0% |
Geographic Distribution
SBA lending activity for Bay National Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 1 | $300K | 100.0% |
Why Choose Bay National Corporation?
Based on SBA 7(a) lending track record from 2002-2002
- ✓Proven Track Record: 1 SBA loans approved, totaling $300K in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $300K to $300K, with an average of $300K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
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 Bay National Corporation SBA lending
What types of businesses does Bay National Corporation typically finance?
Bay National Corporation specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bay National Corporation's typical SBA loan terms?
Bay National Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $300K to $300K, with an average loan size of $300K.
Do I need a business valuation for a Bay National Corporation SBA loan?
Yes, Bay National Corporation 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 Bay National Corporation compare to other SBA lenders?
Bay National Corporation has originated 1 SBA loans totaling $300K since 2002. 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 Bay National Corporation lend in?
Bay National Corporation provides SBA 7(a) financing with particularly strong presence in MD. 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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