Claremont Savings Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Claremont Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 16 | $3.6M | $225K | 18.2% |
| 623312 | Homes for the Elderly | 16 | $3.2M | $203K | 18.2% |
| 488190 | Other Support Activities for Air Transportation | 8 | $4.5M | $563K | 9.1% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 8 | $1.5M | $188K | 9.1% |
| 811111 | General Automotive Repair | 8 | $2.8M | $350K | 9.1% |
| 561730 | Landscaping Services | 8 | $11.2M | $1.4M | 9.1% |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units | 8 | $2.2M | $270K | 9.1% |
| 488410 | Motor Vehicle Towing | 8 | $2.3M | $288K | 9.1% |
| 722511 | Full-Service Restaurants | 8 | $520K | $65K | 9.1% |
Geographic Distribution
SBA lending activity for Claremont Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 80 | $30.3M | 90.9% |
| Vermont (VT) | 8 | $1.5M | 9.1% |
Why Choose Claremont Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $31.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Homes for the Elderly, Other Support Activities for Air Transportation
- ✓Competitive Terms: Average interest rate of 5.32% with flexible term lengths averaging 201 months
- ✓Loan Range: Loan sizes from $65K to $1.4M, with an average of $362K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NH, VT
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 Claremont Savings Bank SBA lending
What types of businesses does Claremont Savings Bank typically finance?
Claremont Savings Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, homes for the elderly, other support activities for air transportation, other commercial and industrial machinery and equipment rental and lea. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Claremont Savings Bank's typical SBA loan terms?
Claremont Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.32% and average term length of 201 months (approximately 17 years). Loan sizes range from $65K to $1.4M, with an average loan size of $362K.
Do I need a business valuation for a Claremont Savings Bank SBA loan?
Yes, Claremont 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 Claremont Savings Bank compare to other SBA lenders?
Claremont Savings Bank has originated 88 SBA loans totaling $31.8M 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 Claremont Savings Bank lend in?
Claremont Savings Bank provides SBA 7(a) financing with particularly strong presence in NH, VT. 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.
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