Carver Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Carver Federal Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 3 | $440K | $147K | 3.1% |
| 624410 | Child Care Services | 3 | $1.0M | $340K | 3.1% |
| 114119 | Other Marine Fishing | 2 | $111K | $56K | 2.1% |
| 483211 | Inland Water Freight Transportation | 2 | $2.4M | $1.2M | 2.1% |
| 336999 | All Other Transportation Equipment Manufacturing | 2 | $350K | $175K | 2.1% |
| 722320 | Caterers | 2 | $525K | $263K | 2.1% |
| 611699 | All Other Miscellaneous Schools and Instruction | 2 | $155K | $78K | 2.1% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $1.1M | $575K | 2.1% |
| 561599 | All Other Travel Arrangement and Reservation Services | 2 | $180K | $90K | 2.1% |
| 811111 | General Automotive Repair | 2 | $755K | $378K | 2.1% |
Geographic Distribution
SBA lending activity for Carver Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 97 | $28.7M | 100.0% |
Why Choose Carver Federal Savings Bank?
Based on SBA 7(a) lending track record from 1996-2021
- ✓Proven Track Record: 97 SBA loans approved, totaling $28.7M in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Child Care Services, Other Marine Fishing
- ✓Competitive Terms: Average interest rate of 5.75% with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $10K to $2.0M, with an average of $296K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 Carver Federal Savings Bank SBA lending
What types of businesses does Carver Federal Savings Bank typically finance?
Carver Federal Savings Bank specializes in SBA 7(a) lending to specific industries including other personal care services, child care services, other marine fishing, inland water freight transportation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Carver Federal Savings Bank's typical SBA loan terms?
Carver Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.75% and average term length of 100 months (approximately 8 years). Loan sizes range from $10K to $2.0M, with an average loan size of $296K.
Do I need a business valuation for a Carver Federal Savings Bank SBA loan?
Yes, Carver Federal Savings 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 Carver Federal Savings Bank compare to other SBA lenders?
Carver Federal Savings Bank has originated 97 SBA loans totaling $28.7M since 1996. 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 Carver Federal Savings Bank lend in?
Carver Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in 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.
Get your certified valuation from Fair Market Value.