Benjamin Franklin Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Benjamin Franklin Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $46K | $23K | 22.2% |
| 541213 | Tax Preparation Services | 1 | $50K | $50K | 11.1% |
| 621310 | Offices of Chiropractors | 1 | $66K | $66K | 11.1% |
Geographic Distribution
SBA lending activity for Benjamin Franklin Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 9 | $625K | 100.0% |
Why Choose Benjamin Franklin Bank?
Based on SBA 7(a) lending track record from 2000-2001
- ✓Proven Track Record: 9 SBA loans approved, totaling $625K in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Tax Preparation Services, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $10K to $200K, with an average of $69K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Benjamin Franklin Bank SBA lending
What types of businesses does Benjamin Franklin Bank typically finance?
Benjamin Franklin Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, tax preparation services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Benjamin Franklin Bank's typical SBA loan terms?
Benjamin Franklin Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 107 months (approximately 9 years). Loan sizes range from $10K to $200K, with an average loan size of $69K.
Do I need a business valuation for a Benjamin Franklin Bank SBA loan?
Yes, Benjamin Franklin 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 Benjamin Franklin Bank compare to other SBA lenders?
Benjamin Franklin Bank has originated 9 SBA loans totaling $625K since 2000. 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 Benjamin Franklin Bank lend in?
Benjamin Franklin Bank provides SBA 7(a) financing with particularly strong presence in 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.
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?
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