Cattaraugus County Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Cattaraugus County Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 1 | $1.8M | $1.8M | 25.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $350K | $350K | 25.0% |
Geographic Distribution
SBA lending activity for Cattaraugus County Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 3 | $1.9M | 75.0% |
| New Jersey (NJ) | 1 | $350K | 25.0% |
Why Choose Cattaraugus County Bank?
Based on SBA 7(a) lending track record from 2003-2013
- ✓Proven Track Record: 4 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $25K to $1.8M, with an average of $558K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, 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 Cattaraugus County Bank SBA lending
What types of businesses does Cattaraugus County Bank typically finance?
Cattaraugus County Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Cattaraugus County Bank's typical SBA loan terms?
Cattaraugus County Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 108 months (approximately 9 years). Loan sizes range from $25K to $1.8M, with an average loan size of $558K.
Do I need a business valuation for a Cattaraugus County Bank SBA loan?
Yes, Cattaraugus County 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 Cattaraugus County Bank compare to other SBA lenders?
Cattaraugus County Bank has originated 4 SBA loans totaling $2.2M since 2003. 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 Cattaraugus County Bank lend in?
Cattaraugus County Bank provides SBA 7(a) financing with particularly strong presence in NY, 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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