BayCoast Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BayCoast Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 48 | $5.9M | $122K | 8.7% |
| 238210 | Electrical Contractors | 40 | $6.8M | $169K | 7.2% |
| 722513 | Limited-Service Restaurants | 32 | $2.3M | $71K | 5.8% |
| 541219 | Other Accounting Services | 24 | $1.4M | $57K | 4.3% |
| 812910 | Pet Care (except Veterinary) Services | 24 | $10.3M | $428K | 4.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 24 | $4.0M | $167K | 4.3% |
| 722511 | Full-Service Restaurants | 24 | $4.6M | $192K | 4.3% |
| 541330 | Engineering Services | 24 | $2.4M | $100K | 4.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 16 | $6.4M | $400K | 2.9% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $4.3M | $271K | 2.9% |
Geographic Distribution
SBA lending activity for BayCoast Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 368 | $54.8M | 66.7% |
| Rhode Island (RI) | 184 | $34.9M | 33.3% |
Why Choose BayCoast Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 552 SBA loans approved, totaling $89.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Electrical Contractors, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.64% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $10K to $833K, with an average of $163K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, RI
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 BayCoast Bank SBA lending
What types of businesses does BayCoast Bank typically finance?
BayCoast Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, electrical contractors, limited-service restaurants, other accounting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BayCoast Bank's typical SBA loan terms?
BayCoast Bank's SBA 7(a) loans typically feature an average interest rate of 7.64% and average term length of 100 months (approximately 8 years). Loan sizes range from $10K to $833K, with an average loan size of $163K.
Do I need a business valuation for a BayCoast Bank SBA loan?
Yes, BayCoast Bank 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 BayCoast Bank compare to other SBA lenders?
BayCoast Bank has originated 552 SBA loans totaling $89.8M 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 BayCoast Bank lend in?
BayCoast Bank provides SBA 7(a) financing with particularly strong presence in MA, RI. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.