Broadway National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Broadway National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 9 | $2.6M | $286K | 2.2% |
| 621610 | Home Health Care Services | 8 | $1.6M | $197K | 2.0% |
| 812112 | Beauty Salons | 8 | $1.3M | $156K | 2.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 7 | $2.2M | $312K | 1.7% |
| 424410 | General Line Grocery Merchant Wholesalers | 6 | $11.2M | $1.9M | 1.5% |
| 541611 | Administrative Management and General Management Consulting Services | 6 | $572K | $95K | 1.5% |
| 624410 | Child Care Services | 6 | $4.6M | $770K | 1.5% |
| 236220 | Commercial and Institutional Building Construction | 6 | $1.8M | $293K | 1.5% |
| 713940 | Fitness and Recreational Sports Centers | 6 | $1.0M | $168K | 1.5% |
| 811111 | General Automotive Repair | 6 | $3.8M | $637K | 1.5% |
Geographic Distribution
SBA lending activity for Broadway National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 398 | $115.0M | 98.8% |
| Pennsylvania (PA) | 2 | $40K | 0.5% |
| New Jersey (NJ) | 2 | $20K | 0.5% |
| New York (NY) | 1 | $20K | 0.2% |
Why Choose Broadway National Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 403 SBA loans approved, totaling $115.1M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors and Other Wiring Installation Contractors, Home Health Care Services, Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.43% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $50 to $4.7M, with an average of $286K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in TX, PA, NJ
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 Broadway National Bank SBA lending
What types of businesses does Broadway National Bank typically finance?
Broadway National Bank specializes in SBA 7(a) lending to specific industries including electrical contractors and other wiring installation contractors, home health care services, beauty salons, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Broadway National Bank's typical SBA loan terms?
Broadway National Bank's SBA 7(a) loans typically feature an average interest rate of 6.43% and average term length of 102 months (approximately 9 years). Loan sizes range from $50 to $4.7M, with an average loan size of $286K.
Do I need a business valuation for a Broadway National Bank SBA loan?
Yes, Broadway National 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 Broadway National Bank compare to other SBA lenders?
Broadway National Bank has originated 403 SBA loans totaling $115.1M since 1991. 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 Broadway National Bank lend in?
Broadway National Bank provides SBA 7(a) financing with particularly strong presence in TX, PA, NJ, NY. 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.
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