Blue Foundry Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Blue Foundry Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 3 | $4.1M | $1.4M | 23.1% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $4.0M | $4.0M | 7.7% |
| 722513 | Limited-Service Restaurants | 1 | $500K | $500K | 7.7% |
| 722511 | Full-Service Restaurants | 1 | $675K | $675K | 7.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $112K | $112K | 7.7% |
| 562991 | Septic Tank and Related Services | 1 | $3.1M | $3.1M | 7.7% |
| 524210 | Insurance Agencies and Brokerages | 1 | $600K | $600K | 7.7% |
| 541614 | Process, Physical Distribution, and Logistics Consulting Services | 1 | $100K | $100K | 7.7% |
| 323111 | Commercial Printing (except Screen and Books) | 1 | $110K | $110K | 7.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $214K | $214K | 7.7% |
Geographic Distribution
SBA lending activity for Blue Foundry Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 12 | $13.6M | 92.3% |
| California (CA) | 1 | $3.0M | 7.7% |
Why Choose Blue Foundry Bank?
Based on SBA 7(a) lending track record from 2021-2025
- ✓Proven Track Record: 13 SBA loans approved, totaling $16.5M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Other Miscellaneous Nondurable Goods Merchant Wholesalers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.48% with flexible term lengths averaging 132 months
- ✓Loan Range: Loan sizes from $100K to $4.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NJ, CA
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 Blue Foundry Bank SBA lending
What types of businesses does Blue Foundry Bank typically finance?
Blue Foundry Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, other miscellaneous nondurable goods merchant wholesalers, limited-service restaurants, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Blue Foundry Bank's typical SBA loan terms?
Blue Foundry Bank's SBA 7(a) loans typically feature an average interest rate of 8.48% and average term length of 132 months (approximately 11 years). Loan sizes range from $100K to $4.0M, with an average loan size of $1.3M.
Do I need a business valuation for a Blue Foundry Bank SBA loan?
Yes, Blue Foundry 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 Blue Foundry Bank compare to other SBA lenders?
Blue Foundry Bank has originated 13 SBA loans totaling $16.5M since 2021. 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 Blue Foundry Bank lend in?
Blue Foundry Bank provides SBA 7(a) financing with particularly strong presence in NJ, CA. 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.