Business Development Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Business Development Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $600K | $75K | 33.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $800K | $100K | 33.3% |
| 423830 | Industrial Machinery and Equipment Merchant Wholesalers | 8 | $2.0M | $250K | 33.3% |
Geographic Distribution
SBA lending activity for Business Development Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Rhode Island (RI) | 24 | $3.4M | 100.0% |
Why Choose Business Development Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $3.4M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Offices of Physical, Occupational and Speech Therapists, and Audiologi, Industrial Machinery and Equipment Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 7.17% with flexible term lengths averaging 60 months
- ✓Loan Range: Loan sizes from $75K to $250K, with an average of $142K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in RI
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 Business Development Company SBA lending
What types of businesses does Business Development Company typically finance?
Business Development Company specializes in SBA 7(a) lending to specific industries including limited-service restaurants, offices of physical, occupational and speech therapists, and audiologi, industrial machinery and equipment merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Business Development Company's typical SBA loan terms?
Business Development Company's SBA 7(a) loans typically feature an average interest rate of 7.17% and average term length of 60 months (approximately 5 years). Loan sizes range from $75K to $250K, with an average loan size of $142K.
Do I need a business valuation for a Business Development Company SBA loan?
Yes, Business Development 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 Business Development Company compare to other SBA lenders?
Business Development Company has originated 24 SBA loans totaling $3.4M 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 Business Development Company lend in?
Business Development Company provides SBA 7(a) financing with particularly strong presence in RI. 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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