First National Bank of Scotia
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank of Scotia · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 6 | $292K | $49K | 8.1% |
| 339999 | All Other Miscellaneous Manufacturing | 3 | $255K | $85K | 4.1% |
| 621210 | Offices of Dentists | 3 | $136K | $45K | 4.1% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $70K | $35K | 2.7% |
| 541940 | Veterinary Services | 2 | $150K | $75K | 2.7% |
| 541519 | Other Computer Related Services | 2 | $75K | $38K | 2.7% |
| 541110 | Offices of Lawyers | 2 | $400K | $200K | 2.7% |
| 722320 | Caterers | 2 | $2.0M | $990K | 2.7% |
| 312112 | Bottled Water Manufacturing | 2 | $300K | $150K | 2.7% |
| 811111 | General Automotive Repair | 2 | $200K | $100K | 2.7% |
Geographic Distribution
SBA lending activity for First National Bank of Scotia by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 74 | $8.6M | 100.0% |
Why Choose First National Bank of Scotia?
Based on SBA 7(a) lending track record from 1991-2017
- ✓Proven Track Record: 74 SBA loans approved, totaling $8.6M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, All Other Miscellaneous Manufacturing, Offices of Dentists
- ✓Competitive Terms: Average interest rate of 6.11% with flexible term lengths averaging 84 months
- ✓Loan Range: Loan sizes from $15K to $1.9M, with an average of $116K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NY
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 National Bank of Scotia SBA lending
What types of businesses does First National Bank of Scotia typically finance?
First National Bank of Scotia specializes in SBA 7(a) lending to specific industries including landscaping services, all other miscellaneous manufacturing, offices of dentists, electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank of Scotia's typical SBA loan terms?
First National Bank of Scotia's SBA 7(a) loans typically feature an average interest rate of 6.11% and average term length of 84 months (approximately 7 years). Loan sizes range from $15K to $1.9M, with an average loan size of $116K.
Do I need a business valuation for a First National Bank of Scotia SBA loan?
Yes, First National Bank of Scotia 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 National Bank of Scotia compare to other SBA lenders?
First National Bank of Scotia has originated 74 SBA loans totaling $8.6M since 1991. 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 National Bank of Scotia lend in?
First National Bank of Scotia provides SBA 7(a) financing with particularly strong presence in NY. 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.