Empire State Certified Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Empire State Certified Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 16 | $2.6M | $163K | 11.1% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $3.2M | $200K | 11.1% |
| 722511 | Full-Service Restaurants | 16 | $2.4M | $150K | 11.1% |
| 812199 | Other Personal Care Services | 8 | $800K | $100K | 5.6% |
| 453910 | Pet and Pet Supplies Stores | 8 | $2.0M | $250K | 5.6% |
| 711510 | Independent Artists, Writers, and Performers | 8 | $1.2M | $150K | 5.6% |
| 621310 | Offices of Chiropractors | 8 | $1.9M | $234K | 5.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $656K | $82K | 5.6% |
| 445120 | Convenience Stores | 8 | $912K | $114K | 5.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $2.8M | $350K | 5.6% |
Geographic Distribution
SBA lending activity for Empire State Certified Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 104 | $18.7M | 72.2% |
| New Jersey (NJ) | 32 | $5.4M | 22.2% |
| Pennsylvania (PA) | 8 | $992K | 5.6% |
Why Choose Empire State Certified Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $25.0M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Fitness and Recreational Sports Centers, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.49% with flexible term lengths averaging 143 months
- ✓Loan Range: Loan sizes from $45K to $350K, with an average of $174K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, NJ, PA
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 Certified Development Corporation SBA lending
What types of businesses does Empire State Certified Development Corporation typically finance?
Empire State Certified Development Corporation specializes in SBA 7(a) lending to specific industries including limited-service restaurants, fitness and recreational sports centers, full-service restaurants, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Empire State Certified Development Corporation's typical SBA loan terms?
Empire State Certified Development Corporation's SBA 7(a) loans typically feature an average interest rate of 7.49% and average term length of 143 months (approximately 12 years). Loan sizes range from $45K to $350K, with an average loan size of $174K.
Do I need a business valuation for a Empire State Certified Development Corporation SBA loan?
Yes, Empire State Certified 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 Empire State Certified Development Corporation compare to other SBA lenders?
Empire State Certified Development Corporation has originated 144 SBA loans totaling $25.0M 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 Empire State Certified Development Corporation lend in?
Empire State Certified Development Corporation provides SBA 7(a) financing with particularly strong presence in NY, NJ, PA. 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?
Professional valuations are often required for SBA loans over $250,000.
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