Century Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Century Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445131 | Other | 8 | $3.5M | $440K | 50.0% |
| 541110 | Offices of Lawyers | 8 | $2.0M | $255K | 50.0% |
Geographic Distribution
SBA lending activity for Century Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 16 | $5.6M | 100.0% |
Why Choose Century Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 16 SBA loans approved, totaling $5.6M in financing
- ✓Industry Expertise: Specialized focus on Other, Offices of Lawyers
- ✓Competitive Terms: Average interest rate of 10.00% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $255K to $440K, with an average of $348K
- ✓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 Century Savings Bank SBA lending
What types of businesses does Century Savings Bank typically finance?
Century Savings Bank specializes in SBA 7(a) lending to specific industries including other, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Century Savings Bank's typical SBA loan terms?
Century Savings Bank's SBA 7(a) loans typically feature an average interest rate of 10.00% and average term length of 240 months (approximately 20 years). Loan sizes range from $255K to $440K, with an average loan size of $348K.
Do I need a business valuation for a Century Savings Bank SBA loan?
Yes, Century 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 Century Savings Bank compare to other SBA lenders?
Century Savings Bank has originated 16 SBA loans totaling $5.6M 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 Century Savings Bank lend in?
Century Savings Bank 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.