Fall River Five Cents Savings Bank d/b/a BankFive
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Fall River Five Cents Savings Bank d/b/a BankFive
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 32 | $2.7M | $85K | 7.7% |
| 561710 | Exterminating and Pest Control Services | 24 | $3.0M | $127K | 5.8% |
| 722330 | Mobile Food Services | 24 | $450K | $19K | 5.8% |
| 722511 | Full-Service Restaurants | 24 | $1.9M | $78K | 5.8% |
| 454390 | Other Direct Selling Establishments | 24 | $2.6M | $108K | 5.8% |
| 812112 | Beauty Salons | 24 | $2.3M | $98K | 5.8% |
| 624410 | Child Day Care Services | 16 | $1.6M | $100K | 3.8% |
| 811111 | General Automotive Repair | 16 | $512K | $32K | 3.8% |
| 561790 | Other Services to Buildings and Dwellings | 16 | $1.8M | $115K | 3.8% |
| 484110 | General Freight Trucking, Local | 16 | $2.7M | $168K | 3.8% |
Geographic Distribution
SBA lending activity for Fall River Five Cents Savings Bank d/b/a BankFive by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 392 | $45.7M | 94.2% |
| Rhode Island (RI) | 24 | $1.6M | 5.8% |
Why Choose Fall River Five Cents Savings Bank d/b/a BankFive?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 416 SBA loans approved, totaling $47.4M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Exterminating and Pest Control Services, Mobile Food Services
- ✓Competitive Terms: Average interest rate of 6.72% with flexible term lengths averaging 91 months
- ✓Loan Range: Loan sizes from $10K to $414K, with an average of $114K
- ✓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 Fall River Five Cents Savings Bank d/b/a BankFive SBA lending
What types of businesses does Fall River Five Cents Savings Bank d/b/a BankFive typically finance?
Fall River Five Cents Savings Bank d/b/a BankFive specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, exterminating and pest control services, mobile food services, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fall River Five Cents Savings Bank d/b/a BankFive's typical SBA loan terms?
Fall River Five Cents Savings Bank d/b/a BankFive's SBA 7(a) loans typically feature an average interest rate of 6.72% and average term length of 91 months (approximately 8 years). Loan sizes range from $10K to $414K, with an average loan size of $114K.
Do I need a business valuation for a Fall River Five Cents Savings Bank d/b/a BankFive SBA loan?
Yes, Fall River Five Cents Savings Bank d/b/a BankFive 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 Fall River Five Cents Savings Bank d/b/a BankFive compare to other SBA lenders?
Fall River Five Cents Savings Bank d/b/a BankFive has originated 416 SBA loans totaling $47.4M 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 Fall River Five Cents Savings Bank d/b/a BankFive lend in?
Fall River Five Cents Savings Bank d/b/a BankFive 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.
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.
Get your certified valuation from Fair Market Value.