BlueHarbor Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BlueHarbor Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 562111 | Solid Waste Collection | 1 | $65K | $65K | 8.3% |
| 321992 | Prefabricated Wood Building Manufacturing | 1 | $1.9M | $1.9M | 8.3% |
| 332710 | Machine Shops | 1 | $2.0M | $2.0M | 8.3% |
| 324191 | Petroleum Lubricating Oil and Grease Manufacturing | 1 | $650K | $650K | 8.3% |
| 238910 | Site Preparation Contractors | 1 | $1.2M | $1.2M | 8.3% |
| 621610 | Home Health Care Services | 1 | $120K | $120K | 8.3% |
| 237110 | Water and Sewer Line and Related Structures Construction | 1 | $550K | $550K | 8.3% |
| 811111 | General Automotive Repair | 1 | $315K | $315K | 8.3% |
Geographic Distribution
SBA lending activity for BlueHarbor Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 12 | $7.7M | 100.0% |
Why Choose BlueHarbor Bank?
Based on SBA 7(a) lending track record from 2009-2011
- ✓Proven Track Record: 12 SBA loans approved, totaling $7.7M in financing
- ✓Industry Expertise: Specialized focus on Solid Waste Collection, Prefabricated Wood Building Manufacturing, Machine Shops
- ✓Competitive Terms: Average interest rate of 5.85% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $65K to $2.0M, with an average of $645K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
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 BlueHarbor Bank SBA lending
What types of businesses does BlueHarbor Bank typically finance?
BlueHarbor Bank specializes in SBA 7(a) lending to specific industries including solid waste collection, prefabricated wood building manufacturing, machine shops, petroleum lubricating oil and grease manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BlueHarbor Bank's typical SBA loan terms?
BlueHarbor Bank's SBA 7(a) loans typically feature an average interest rate of 5.85% and average term length of 112 months (approximately 9 years). Loan sizes range from $65K to $2.0M, with an average loan size of $645K.
Do I need a business valuation for a BlueHarbor Bank SBA loan?
Yes, BlueHarbor 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 BlueHarbor Bank compare to other SBA lenders?
BlueHarbor Bank has originated 12 SBA loans totaling $7.7M since 2009. 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 BlueHarbor Bank lend in?
BlueHarbor Bank provides SBA 7(a) financing with particularly strong presence in NC. 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.