Connecticut River Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Connecticut River Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812910 | Pet Care (except Veterinary) Services | 1 | $111K | $111K | 8.3% |
| 115310 | Support Activities for Forestry | 1 | $60K | $60K | 8.3% |
Geographic Distribution
SBA lending activity for Connecticut River Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 8 | $425K | 66.7% |
| Vermont (VT) | 4 | $265K | 33.3% |
Why Choose Connecticut River Bank, National Association?
Based on SBA 7(a) lending track record from 1998-2006
- ✓Proven Track Record: 12 SBA loans approved, totaling $690K in financing
- ✓Industry Expertise: Specialized focus on Pet Care (except Veterinary) Services, Support Activities for Forestry
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $24K to $111K, with an average of $57K
- ✓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 Connecticut River Bank, National Association SBA lending
What types of businesses does Connecticut River Bank, National Association typically finance?
Connecticut River Bank, National Association specializes in SBA 7(a) lending to specific industries including pet care (except veterinary) services, support activities for forestry. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Connecticut River Bank, National Association's typical SBA loan terms?
Connecticut River Bank, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 87 months (approximately 7 years). Loan sizes range from $24K to $111K, with an average loan size of $57K.
Do I need a business valuation for a Connecticut River Bank, National Association SBA loan?
Yes, Connecticut River 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 Connecticut River Bank, National Association compare to other SBA lenders?
Connecticut River Bank, National Association has originated 12 SBA loans totaling $690K since 1998. 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 Connecticut River Bank, National Association lend in?
Connecticut River Bank, National Association 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.
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