Community Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Community Federal Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 323111 | Commercial Printing (except Screen and Books) | 1 | $1.4M | $1.4M | 33.3% |
| 722320 | Caterers | 1 | $1.0M | $1.0M | 33.3% |
| 541820 | Public Relations Agencies | 1 | $350K | $350K | 33.3% |
Geographic Distribution
SBA lending activity for Community Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 1 | $1.4M | 33.3% |
| New York (NY) | 2 | $1.4M | 66.7% |
Why Choose Community Federal Savings Bank?
Based on SBA 7(a) lending track record from 2016-2017
- ✓Proven Track Record: 3 SBA loans approved, totaling $2.7M in financing
- ✓Industry Expertise: Specialized focus on Commercial Printing (except Screen and Books), Caterers, Public Relations Agencies
- ✓Competitive Terms: Average interest rate of 6.08% with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $350K to $1.4M, with an average of $902K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, 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 Community Federal Savings Bank SBA lending
What types of businesses does Community Federal Savings Bank typically finance?
Community Federal Savings Bank specializes in SBA 7(a) lending to specific industries including commercial printing (except screen and books), caterers, public relations agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Federal Savings Bank's typical SBA loan terms?
Community Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.08% and average term length of 240 months (approximately 20 years). Loan sizes range from $350K to $1.4M, with an average loan size of $902K.
Do I need a business valuation for a Community Federal Savings Bank SBA loan?
Yes, Community Federal 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 Community Federal Savings Bank compare to other SBA lenders?
Community Federal Savings Bank has originated 3 SBA loans totaling $2.7M since 2016. 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 Community Federal Savings Bank lend in?
Community Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in NY, 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.