Dean Co-operative Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Dean Co-operative Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 40 | $5.4M | $135K | 13.2% |
| 323113 | Commercial Screen Printing | 32 | $1.4M | $44K | 10.5% |
| 236118 | Residential Remodelers | 24 | $1.5M | $63K | 7.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 24 | $6.5M | $271K | 7.9% |
| 722511 | Full-Service Restaurants | 16 | $2.2M | $138K | 5.3% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 16 | $1.8M | $113K | 5.3% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 16 | $492K | $31K | 5.3% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $2.5M | $315K | 2.6% |
| 814110 | Private Households | 8 | $1.0M | $125K | 2.6% |
| 444210 | Outdoor Power Equipment Stores | 8 | $280K | $35K | 2.6% |
Geographic Distribution
SBA lending activity for Dean Co-operative Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 248 | $27.2M | 81.6% |
| Rhode Island (RI) | 56 | $11.5M | 18.4% |
Why Choose Dean Co-operative Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 304 SBA loans approved, totaling $38.7M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Commercial Screen Printing, Residential Remodelers
- ✓Competitive Terms: Average interest rate of 7.22% with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $20K to $720K, with an average of $127K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MA, RI
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 Dean Co-operative Bank SBA lending
What types of businesses does Dean Co-operative Bank typically finance?
Dean Co-operative Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, commercial screen printing, residential remodelers, drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Dean Co-operative Bank's typical SBA loan terms?
Dean Co-operative Bank's SBA 7(a) loans typically feature an average interest rate of 7.22% and average term length of 119 months (approximately 10 years). Loan sizes range from $20K to $720K, with an average loan size of $127K.
Do I need a business valuation for a Dean Co-operative Bank SBA loan?
Yes, Dean Co-operative 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 Dean Co-operative Bank compare to other SBA lenders?
Dean Co-operative Bank has originated 304 SBA loans totaling $38.7M 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 Dean Co-operative Bank lend in?
Dean Co-operative Bank provides SBA 7(a) financing with particularly strong presence in MA, RI. 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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Professional valuations are often required for SBA loans over $250,000.
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