Baybank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Baybank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 113310 | Logging | 3 | $1.4M | $474K | 12.0% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 2 | $240K | $120K | 8.0% |
| 339950 | Sign Manufacturing | 1 | $850K | $850K | 4.0% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 1 | $243K | $243K | 4.0% |
| 713120 | Amusement Arcades | 1 | $72K | $72K | 4.0% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $52K | $52K | 4.0% |
| 713950 | Bowling Centers | 1 | $900K | $900K | 4.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $326K | $326K | 4.0% |
| 484110 | General Freight Trucking, Local | 1 | $300K | $300K | 4.0% |
| 562991 | Septic Tank and Related Services | 1 | $55K | $55K | 4.0% |
Geographic Distribution
SBA lending activity for Baybank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Michigan (MI) | 23 | $6.8M | 92.0% |
| Florida (FL) | 1 | $850K | 4.0% |
| Wisconsin (WI) | 1 | $110K | 4.0% |
Why Choose Baybank?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 25 SBA loans approved, totaling $7.7M in financing
- ✓Industry Expertise: Specialized focus on Logging, Specialized Freight (except Used Goods) Trucking, Local, Sign Manufacturing
- ✓Competitive Terms: Average interest rate of 6.07% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $20K to $1.1M, with an average of $310K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MI, FL, WI
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 Baybank SBA lending
What types of businesses does Baybank typically finance?
Baybank specializes in SBA 7(a) lending to specific industries including logging, specialized freight (except used goods) trucking, local, sign manufacturing, electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Baybank's typical SBA loan terms?
Baybank's SBA 7(a) loans typically feature an average interest rate of 6.07% and average term length of 106 months (approximately 9 years). Loan sizes range from $20K to $1.1M, with an average loan size of $310K.
Do I need a business valuation for a Baybank SBA loan?
Yes, Baybank 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 Baybank compare to other SBA lenders?
Baybank has originated 25 SBA loans totaling $7.7M since 1995. 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 Baybank lend in?
Baybank provides SBA 7(a) financing with particularly strong presence in MI, FL, WI. 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.
Get your certified valuation from Fair Market Value.