Dime Community Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Dime Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 45 | $38.3M | $852K | 6.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 23 | $12.3M | $536K | 3.2% |
| 722513 | Limited-Service Restaurants | 22 | $22.6M | $1.0M | 3.0% |
| 424490 | Other Grocery and Related Products Merchant Wholesalers | 19 | $12.0M | $633K | 2.6% |
| 713940 | Fitness and Recreational Sports Centers | 13 | $10.1M | $779K | 1.8% |
| 713990 | All Other Amusement and Recreation Industries | 12 | $6.2M | $515K | 1.6% |
| 624410 | Child Care Services | 11 | $3.3M | $303K | 1.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 11 | $12.1M | $1.1M | 1.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 9 | $8.1M | $895K | 1.2% |
| 541519 | Other Computer Related Services | 9 | $8.6M | $958K | 1.2% |
Geographic Distribution
SBA lending activity for Dime Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 662 | $523.5M | 90.8% |
| New Jersey (NJ) | 51 | $61.1M | 7.0% |
| Connecticut (CT) | 4 | $5.4M | 0.5% |
| Texas (TX) | 4 | $5.1M | 0.5% |
| Florida (FL) | 2 | $3.4M | 0.3% |
| Nevada (NV) | 2 | $3.1M | 0.3% |
| Illinois (IL) | 1 | $2.2M | 0.1% |
| Maryland (MD) | 1 | $653K | 0.1% |
| Oregon (OR) | 1 | $500K | 0.1% |
| South Carolina (SC) | 1 | $427K | 0.1% |
Why Choose Dime Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 729 SBA loans approved, totaling $605.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Physicians (except Mental Health Specialists), Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.98% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $156 to $5.0M, with an average of $830K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in NY, NJ, TX
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 Dime Community Bank SBA lending
What types of businesses does Dime Community Bank typically finance?
Dime Community Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of physicians (except mental health specialists), limited-service restaurants, other grocery and related products merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Dime Community Bank's typical SBA loan terms?
Dime Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.98% and average term length of 130 months (approximately 11 years). Loan sizes range from $156 to $5.0M, with an average loan size of $830K.
Do I need a business valuation for a Dime Community Bank SBA loan?
Yes, Dime Community 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 Dime Community Bank compare to other SBA lenders?
Dime Community Bank has originated 729 SBA loans totaling $605.3M 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 Dime Community Bank lend in?
Dime Community Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ, TX, CT, NV. 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.
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