Citizens Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1,732 | $71.3M | $41K | 3.5% |
| 561730 | Landscaping Services | 1,213 | $49.7M | $41K | 2.4% |
| 812112 | Beauty Salons | 999 | $32.1M | $32K | 2.0% |
| 541110 | Offices of Lawyers | 934 | $41.1M | $44K | 1.9% |
| 621210 | Offices of Dentists | 679 | $57.5M | $85K | 1.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 603 | $29.3M | $49K | 1.2% |
| 561720 | Janitorial Services | 546 | $20.5M | $38K | 1.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 527 | $43.6M | $83K | 1.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 524 | $33.4M | $64K | 1.1% |
| 524210 | Insurance Agencies and Brokerages | 515 | $24.3M | $47K | 1.0% |
Geographic Distribution
SBA lending activity for Citizens Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 9,205 | $638.3M | 18.5% |
| Pennsylvania (PA) | 11,073 | $606.7M | 22.2% |
| Rhode Island (RI) | 5,050 | $358.6M | 10.1% |
| New Hampshire (NH) | 5,771 | $341.5M | 11.6% |
| Michigan (MI) | 3,023 | $247.1M | 6.1% |
| New York (NY) | 3,683 | $231.8M | 7.4% |
| Ohio (OH) | 3,517 | $194.1M | 7.1% |
| Connecticut (CT) | 2,549 | $176.1M | 5.1% |
| Illinois (IL) | 2,643 | $127.7M | 5.3% |
| New Jersey (NJ) | 885 | $87.3M | 1.8% |
| Delaware (DE) | 828 | $55.1M | 1.7% |
| Vermont (VT) | 515 | $34.1M | 1.0% |
| Indiana (IN) | 803 | $28.7M | 1.6% |
| Maine (ME) | 159 | $9.5M | 0.3% |
| Maryland (MD) | 41 | $9.1M | 0.1% |
| Florida (FL) | 14 | $8.7M | 0.0% |
| Virginia (VA) | 16 | $4.4M | 0.0% |
| South Carolina (SC) | 1 | $2.7M | 0.0% |
| North Carolina (NC) | 2 | $2.7M | 0.0% |
| Texas (TX) | 4 | $1.2M | 0.0% |
| California (CA) | 4 | $530K | 0.0% |
| Georgia (GA) | 2 | $394K | 0.0% |
| West Virginia (WV) | 1 | $150K | 0.0% |
| Wisconsin (WI) | 1 | $100K | 0.0% |
| Alabama (AL) | 1 | $100K | 0.0% |
| Iowa (IA) | 1 | $100K | 0.0% |
| Arizona (AZ) | 1 | $75K | 0.0% |
| Kansas (KS) | 1 | $60K | 0.0% |
| Washington (WA) | 1 | $20K | 0.0% |
Why Choose Citizens Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 49,795 SBA loans approved, totaling $3.17B in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Landscaping Services, Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.61% with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $100 to $5.0M, with an average of $64K
- ✓Nationwide Reach: Active lending in 29 states, with strong presence in PA, MA, NH
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 Citizens Bank, National Association SBA lending
What types of businesses does Citizens Bank, National Association typically finance?
Citizens Bank, National Association specializes in SBA 7(a) lending to specific industries including general automotive repair, landscaping services, beauty salons, offices of lawyers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank, National Association's typical SBA loan terms?
Citizens Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 6.61% and average term length of 76 months (approximately 6 years). Loan sizes range from $100 to $5.0M, with an average loan size of $64K.
Do I need a business valuation for a Citizens Bank, National Association SBA loan?
Yes, Citizens Bank, National Association 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 Citizens Bank, National Association compare to other SBA lenders?
Citizens Bank, National Association has originated 49,795 SBA loans totaling $3.17B 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 Citizens Bank, National Association lend in?
Citizens Bank, National Association provides SBA 7(a) financing with particularly strong presence in PA, MA, NH, RI, 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?
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