Beacon Bank and Trust
SBA 7(a) Lending Profile · FY 2011 analysis
Industry Focus
Top industries served by Beacon Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 298 | $218.4M | $733K | 4.0% |
| 561730 | Landscaping Services | 260 | $64.4M | $248K | 3.5% |
| 722513 | Limited-Service Restaurants | 172 | $81.5M | $474K | 2.3% |
| 713940 | Fitness and Recreational Sports Centers | 157 | $71.5M | $456K | 2.1% |
| 236118 | Residential Remodelers | 154 | $19.0M | $123K | 2.1% |
| 811111 | General Automotive Repair | 117 | $31.3M | $267K | 1.6% |
| 541110 | Offices of Lawyers | 113 | $16.5M | $146K | 1.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 111 | $33.6M | $302K | 1.5% |
| 624410 | Child Care Services | 101 | $110.7M | $1.1M | 1.3% |
| 812112 | Beauty Salons | 89 | $21.6M | $243K | 1.2% |
Geographic Distribution
SBA lending activity for Beacon Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 561 | $517.9M | 7.5% |
| Massachusetts (MA) | 1,921 | $310.2M | 25.6% |
| New Jersey (NJ) | 271 | $270.0M | 3.6% |
| Florida (FL) | 204 | $263.2M | 2.7% |
| Rhode Island (RI) | 1,637 | $232.7M | 21.8% |
| New York (NY) | 1,134 | $231.4M | 15.1% |
| Connecticut (CT) | 493 | $158.4M | 6.6% |
| Maryland (MD) | 95 | $102.2M | 1.3% |
| Texas (TX) | 81 | $95.1M | 1.1% |
| Vermont (VT) | 541 | $76.3M | 7.2% |
| Colorado (CO) | 66 | $65.1M | 0.9% |
| North Carolina (NC) | 36 | $49.8M | 0.5% |
| California (CA) | 47 | $47.4M | 0.6% |
| Virginia (VA) | 41 | $46.9M | 0.5% |
| Tennessee (TN) | 33 | $46.5M | 0.4% |
| Delaware (DE) | 38 | $43.9M | 0.5% |
| Georgia (GA) | 32 | $41.7M | 0.4% |
| Illinois (IL) | 34 | $40.5M | 0.5% |
| New Hampshire (NH) | 45 | $25.4M | 0.6% |
| Alabama (AL) | 13 | $23.8M | 0.2% |
| Ohio (OH) | 18 | $20.1M | 0.2% |
| Washington (WA) | 16 | $19.5M | 0.2% |
| Kentucky (KY) | 16 | $18.8M | 0.2% |
| Michigan (MI) | 15 | $17.2M | 0.2% |
| District of Columbia (DC) | 13 | $15.7M | 0.2% |
| Montana (MT) | 8 | $12.0M | 0.1% |
| Maine (ME) | 6 | $10.8M | 0.1% |
| Nevada (NV) | 5 | $9.8M | 0.1% |
| Minnesota (MN) | 7 | $9.3M | 0.1% |
| Alaska (AK) | 6 | $9.2M | 0.1% |
| Arizona (AZ) | 8 | $8.9M | 0.1% |
| South Carolina (SC) | 8 | $8.2M | 0.1% |
| Arkansas (AR) | 5 | $7.8M | 0.1% |
| Missouri (MO) | 9 | $7.6M | 0.1% |
| Louisiana (LA) | 6 | $7.5M | 0.1% |
| Idaho (ID) | 6 | $7.2M | 0.1% |
| Utah (UT) | 7 | $6.9M | 0.1% |
| Oklahoma (OK) | 4 | $5.0M | 0.1% |
| Indiana (IN) | 6 | $4.9M | 0.1% |
| Iowa (IA) | 3 | $4.5M | 0.0% |
| Oregon (OR) | 3 | $3.8M | 0.0% |
| Mississippi (MS) | 5 | $3.0M | 0.1% |
| Wisconsin (WI) | 3 | $1.9M | 0.0% |
| Kansas (KS) | 2 | $1.2M | 0.0% |
| New Mexico (NM) | 1 | $628K | 0.0% |
| Nebraska (NE) | 1 | $80K | 0.0% |
Why Choose Beacon Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 7,510 SBA loans approved, totaling $2.91B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Landscaping Services, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.49% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $1K to $5.0M, with an average of $387K
- ✓Nationwide Reach: Active lending in 46 states, with strong presence in MA, RI, NY
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 Beacon Bank and Trust SBA lending
What types of businesses does Beacon Bank and Trust typically finance?
Beacon Bank and Trust specializes in SBA 7(a) lending to specific industries including full-service restaurants, landscaping services, limited-service restaurants, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Beacon Bank and Trust's typical SBA loan terms?
Beacon Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 6.49% and average term length of 109 months (approximately 9 years). Loan sizes range from $1K to $5.0M, with an average loan size of $387K.
Do I need a business valuation for a Beacon Bank and Trust SBA loan?
Yes, Beacon Bank and Trust 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 Beacon Bank and Trust compare to other SBA lenders?
Beacon Bank and Trust has originated 7,510 SBA loans totaling $2.91B 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 Beacon Bank and Trust lend in?
Beacon Bank and Trust provides SBA 7(a) financing with particularly strong presence in MA, RI, NY, PA, VT. 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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