Carnegie Bank, N.A.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Carnegie Bank, N.A. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541511 | Custom Computer Programming Services | 1 | $50K | $50K | 7.1% |
| 541940 | Veterinary Services | 1 | $60K | $60K | 7.1% |
| 561621 | Security Systems Services (except Locksmiths) | 1 | $20K | $20K | 7.1% |
Geographic Distribution
SBA lending activity for Carnegie Bank, N.A. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 14 | $1.9M | 100.0% |
Why Choose Carnegie Bank, N.A.?
Based on SBA 7(a) lending track record from 1994-1998
- ✓Proven Track Record: 14 SBA loans approved, totaling $1.9M in financing
- ✓Industry Expertise: Specialized focus on Custom Computer Programming Services, Veterinary Services, Security Systems Services (except Locksmiths)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $12K to $1.0M, with an average of $136K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Carnegie Bank, N.A. SBA lending
What types of businesses does Carnegie Bank, N.A. typically finance?
Carnegie Bank, N.A. specializes in SBA 7(a) lending to specific industries including custom computer programming services, veterinary services, security systems services (except locksmiths). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carnegie Bank, N.A.'s typical SBA loan terms?
Carnegie Bank, N.A.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 102 months (approximately 9 years). Loan sizes range from $12K to $1.0M, with an average loan size of $136K.
Do I need a business valuation for a Carnegie Bank, N.A. SBA loan?
Yes, Carnegie Bank, N.A. 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 Carnegie Bank, N.A. compare to other SBA lenders?
Carnegie Bank, N.A. has originated 14 SBA loans totaling $1.9M since 1994. 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 Carnegie Bank, N.A. lend in?
Carnegie Bank, N.A. provides SBA 7(a) financing with particularly strong presence in NJ. 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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