Central National Bank, Canajoharie
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Central National Bank, Canajoharie · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $620K | $207K | 5.6% |
| 811111 | General Automotive Repair | 3 | $227K | $76K | 5.6% |
| 713950 | Bowling Centers | 2 | $570K | $285K | 3.7% |
| 316110 | Leather and Hide Tanning and Finishing | 1 | $250K | $250K | 1.9% |
| 312111 | Soft Drink Manufacturing | 1 | $150K | $150K | 1.9% |
| 541940 | Veterinary Services | 1 | $230K | $230K | 1.9% |
| 532111 | Passenger Car Rental | 1 | $65K | $65K | 1.9% |
| 339920 | Sporting and Athletic Goods Manufacturing | 1 | $35K | $35K | 1.9% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | $250K | $250K | 1.9% |
Geographic Distribution
SBA lending activity for Central National Bank, Canajoharie by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 54 | $7.1M | 100.0% |
Why Choose Central National Bank, Canajoharie?
Based on SBA 7(a) lending track record from 1991-2002
- ✓Proven Track Record: 54 SBA loans approved, totaling $7.1M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), General Automotive Repair, Bowling Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $15K to $500K, with an average of $131K
- ✓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 Central National Bank, Canajoharie SBA lending
What types of businesses does Central National Bank, Canajoharie typically finance?
Central National Bank, Canajoharie specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), general automotive repair, bowling centers, leather and hide tanning and finishing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Central National Bank, Canajoharie's typical SBA loan terms?
Central National Bank, Canajoharie's SBA 7(a) loans typically feature an average interest rate of — and average term length of 123 months (approximately 10 years). Loan sizes range from $15K to $500K, with an average loan size of $131K.
Do I need a business valuation for a Central National Bank, Canajoharie SBA loan?
Yes, Central National Bank, Canajoharie 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 Central National Bank, Canajoharie compare to other SBA lenders?
Central National Bank, Canajoharie has originated 54 SBA loans totaling $7.1M since 1991. 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 Central National Bank, Canajoharie lend in?
Central National Bank, Canajoharie 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.