Chemung Canal Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Chemung Canal Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 56 | $3.4M | $60K | 7.1% |
| 722513 | Limited-Service Restaurants | 48 | $8.1M | $169K | 6.1% |
| 323113 | Commercial Screen Printing | 40 | $3.7M | $91K | 5.1% |
| 722511 | Full-Service Restaurants | 40 | $7.3M | $183K | 5.1% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $2.5M | $104K | 3.1% |
| 812112 | Beauty Salons | 24 | $2.0M | $85K | 3.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 24 | $2.7M | $111K | 3.1% |
| 453220 | Gift, Novelty, and Souvenir Stores | 16 | $2.6M | $160K | 2.0% |
| 448120 | Women's Clothing Stores | 16 | $400K | $25K | 2.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $3.2M | $200K | 2.0% |
Geographic Distribution
SBA lending activity for Chemung Canal Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 728 | $104.3M | 92.9% |
| Pennsylvania (PA) | 48 | $3.0M | 6.1% |
| California (CA) | 8 | $2.4M | 1.0% |
Why Choose Chemung Canal Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 784 SBA loans approved, totaling $109.7M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Limited-Service Restaurants, Commercial Screen Printing
- ✓Competitive Terms: Average interest rate of 6.03% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $10K to $500K, with an average of $140K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, PA, CA
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 Chemung Canal Trust Company SBA lending
What types of businesses does Chemung Canal Trust Company typically finance?
Chemung Canal Trust Company specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), limited-service restaurants, commercial screen printing, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Chemung Canal Trust Company's typical SBA loan terms?
Chemung Canal Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.03% and average term length of 90 months (approximately 8 years). Loan sizes range from $10K to $500K, with an average loan size of $140K.
Do I need a business valuation for a Chemung Canal Trust Company SBA loan?
Yes, Chemung Canal Trust Company 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 Chemung Canal Trust Company compare to other SBA lenders?
Chemung Canal Trust Company has originated 784 SBA loans totaling $109.7M 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 Chemung Canal Trust Company lend in?
Chemung Canal Trust Company provides SBA 7(a) financing with particularly strong presence in NY, PA, CA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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