Cape and Coast Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Cape and Coast Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 459110 | Other | 16 | $6.2M | $386K | 8.3% |
| 541490 | Other Specialized Design Services | 16 | $8.0M | $500K | 8.3% |
| 561730 | Landscaping Services | 16 | $8.2M | $510K | 8.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $3.4M | $210K | 8.3% |
| 722513 | Limited-Service Restaurants | 8 | $2.2M | $275K | 4.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $400K | $50K | 4.2% |
| 445298 | Other | 8 | $1.1M | $135K | 4.2% |
| 485310 | Taxi Service | 8 | $15.4M | $1.9M | 4.2% |
| 238340 | Tile and Terrazzo Contractors | 8 | $2.0M | $250K | 4.2% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 8 | $8.7M | $1.1M | 4.2% |
Geographic Distribution
SBA lending activity for Cape and Coast Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 184 | $78.8M | 95.8% |
| Georgia (GA) | 8 | $10.9M | 4.2% |
Why Choose Cape and Coast Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 192 SBA loans approved, totaling $89.6M in financing
- ✓Industry Expertise: Specialized focus on Other, Other Specialized Design Services, Landscaping Services
- ✓Competitive Terms: Average interest rate of 7.87% with flexible term lengths averaging 117 months
- ✓Loan Range: Loan sizes from $50K to $1.9M, with an average of $467K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, GA
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 Cape and Coast Bank SBA lending
What types of businesses does Cape and Coast Bank typically finance?
Cape and Coast Bank specializes in SBA 7(a) lending to specific industries including other, other specialized design services, landscaping services, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cape and Coast Bank's typical SBA loan terms?
Cape and Coast Bank's SBA 7(a) loans typically feature an average interest rate of 7.87% and average term length of 117 months (approximately 10 years). Loan sizes range from $50K to $1.9M, with an average loan size of $467K.
Do I need a business valuation for a Cape and Coast Bank SBA loan?
Yes, Cape and Coast 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 Cape and Coast Bank compare to other SBA lenders?
Cape and Coast Bank has originated 192 SBA loans totaling $89.6M 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 Cape and Coast Bank lend in?
Cape and Coast Bank provides SBA 7(a) financing with particularly strong presence in MA, GA. 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.
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