Belmont Bank & Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Belmont Bank & Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811198 | All Other Automotive Repair and Maintenance | 8 | $1.5M | $185K | 20.0% |
| 115113 | Crop Harvesting, Primarily by Machine | 8 | $1.4M | $179K | 20.0% |
| 236220 | Commercial and Institutional Building Construction | 8 | $18.5M | $2.3M | 20.0% |
| 611620 | Sports and Recreation Instruction | 8 | $20.0M | $2.5M | 20.0% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $1.2M | $145K | 20.0% |
Geographic Distribution
SBA lending activity for Belmont Bank & Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 32 | $22.5M | 80.0% |
| Massachusetts (MA) | 8 | $20.0M | 20.0% |
Why Choose Belmont Bank & Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $42.5M in financing
- ✓Industry Expertise: Specialized focus on All Other Automotive Repair and Maintenance, Crop Harvesting, Primarily by Machine, Commercial and Institutional Building Construction
- ✓Competitive Terms: Average interest rate of 8.35% with flexible term lengths averaging 121 months
- ✓Loan Range: Loan sizes from $145K to $2.5M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, MA
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 Belmont Bank & Trust Company SBA lending
What types of businesses does Belmont Bank & Trust Company typically finance?
Belmont Bank & Trust Company specializes in SBA 7(a) lending to specific industries including all other automotive repair and maintenance, crop harvesting, primarily by machine, commercial and institutional building construction, sports and recreation instruction. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Belmont Bank & Trust Company's typical SBA loan terms?
Belmont Bank & Trust Company's SBA 7(a) loans typically feature an average interest rate of 8.35% and average term length of 121 months (approximately 10 years). Loan sizes range from $145K to $2.5M, with an average loan size of $1.1M.
Do I need a business valuation for a Belmont Bank & Trust Company SBA loan?
Yes, Belmont Bank & 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 Belmont Bank & Trust Company compare to other SBA lenders?
Belmont Bank & Trust Company has originated 40 SBA loans totaling $42.5M 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 Belmont Bank & Trust Company lend in?
Belmont Bank & Trust Company provides SBA 7(a) financing with particularly strong presence in IL, MA. 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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