Dorchester Bay Economic Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Dorchester Bay Economic Development Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 1 | $95K | $95K | 100.0% |
Geographic Distribution
SBA lending activity for Dorchester Bay Economic Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 1 | $95K | 100.0% |
Why Choose Dorchester Bay Economic Development Corporation?
Based on SBA 7(a) lending track record from 2014-2014
- ✓Proven Track Record: 1 SBA loans approved, totaling $95K in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 9.25% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $95K to $95K, with an average of $95K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 Dorchester Bay Economic Development Corporation SBA lending
What types of businesses does Dorchester Bay Economic Development Corporation typically finance?
Dorchester Bay Economic Development Corporation specializes in SBA 7(a) lending to specific industries including full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Dorchester Bay Economic Development Corporation's typical SBA loan terms?
Dorchester Bay Economic Development Corporation's SBA 7(a) loans typically feature an average interest rate of 9.25% and average term length of 120 months (approximately 10 years). Loan sizes range from $95K to $95K, with an average loan size of $95K.
Do I need a business valuation for a Dorchester Bay Economic Development Corporation SBA loan?
Yes, Dorchester Bay Economic Development Corporation 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 Dorchester Bay Economic Development Corporation compare to other SBA lenders?
Dorchester Bay Economic Development Corporation has originated 1 SBA loans totaling $95K since 2014. 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 Dorchester Bay Economic Development Corporation lend in?
Dorchester Bay Economic Development Corporation provides SBA 7(a) financing with particularly strong presence in MA. 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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