Empire State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Empire State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445320 | Beer, Wine, and Liquor Retailers | 4 | $17.8M | $4.5M | 4.9% |
| 722511 | Full-Service Restaurants | 3 | $1.2M | $384K | 3.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $2.2M | $726K | 3.7% |
| 311513 | Cheese Manufacturing | 3 | $770K | $257K | 3.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $1.1M | $350K | 3.7% |
| 722513 | Limited-Service Restaurants | 2 | $502K | $251K | 2.5% |
| 312120 | Breweries | 2 | $745K | $373K | 2.5% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $150K | $75K | 2.5% |
| 424410 | General Line Grocery Merchant Wholesalers | 2 | $1.5M | $728K | 2.5% |
| 541990 | All Other Professional, Scientific, and Technical Services | 2 | $200K | $100K | 2.5% |
Geographic Distribution
SBA lending activity for Empire State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 72 | $56.0M | 88.9% |
| New Jersey (NJ) | 9 | $7.7M | 11.1% |
Why Choose Empire State Bank?
Based on SBA 7(a) lending track record from 2011-2025
- ✓Proven Track Record: 81 SBA loans approved, totaling $63.8M in financing
- ✓Industry Expertise: Specialized focus on Beer, Wine, and Liquor Retailers, Full-Service Restaurants, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 6.23% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $787K
- ✓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 Empire State Bank SBA lending
What types of businesses does Empire State Bank typically finance?
Empire State Bank specializes in SBA 7(a) lending to specific industries including beer, wine, and liquor retailers, full-service restaurants, supermarkets and other grocery retailers (except convenience retailers), cheese manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Empire State Bank's typical SBA loan terms?
Empire State Bank's SBA 7(a) loans typically feature an average interest rate of 6.23% and average term length of 150 months (approximately 13 years). Loan sizes range from $25K to $5.0M, with an average loan size of $787K.
Do I need a business valuation for a Empire State Bank SBA loan?
Yes, Empire State 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 Empire State Bank compare to other SBA lenders?
Empire State Bank has originated 81 SBA loans totaling $63.8M since 2011. 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 Empire State Bank lend in?
Empire State 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.