First Litchfield Financial Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Litchfield Financial Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561740 | Carpet and Upholstery Cleaning Services | 1 | $35K | $35K | 100.0% |
Geographic Distribution
SBA lending activity for First Litchfield Financial Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 1 | $35K | 100.0% |
Why Choose First Litchfield Financial Corporation?
Based on SBA 7(a) lending track record from 1997-1997
- ✓Proven Track Record: 1 SBA loans approved, totaling $35K in financing
- ✓Industry Expertise: Specialized focus on Carpet and Upholstery Cleaning Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $35K to $35K, with an average of $35K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CT
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 First Litchfield Financial Corporation SBA lending
What types of businesses does First Litchfield Financial Corporation typically finance?
First Litchfield Financial Corporation specializes in SBA 7(a) lending to specific industries including carpet and upholstery cleaning services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Litchfield Financial Corporation's typical SBA loan terms?
First Litchfield Financial Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 84 months (approximately 7 years). Loan sizes range from $35K to $35K, with an average loan size of $35K.
Do I need a business valuation for a First Litchfield Financial Corporation SBA loan?
Yes, First Litchfield Financial 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 First Litchfield Financial Corporation compare to other SBA lenders?
First Litchfield Financial Corporation has originated 1 SBA loans totaling $35K since 1997. 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 First Litchfield Financial Corporation lend in?
First Litchfield Financial Corporation provides SBA 7(a) financing with particularly strong presence in CT. 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.
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