First Niagara Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Niagara Bank, National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311421 | Fruit and Vegetable Canning | 3 | $555K | $185K | 3.1% |
| 561730 | Landscaping Services | 2 | $355K | $178K | 2.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $150K | $75K | 2.1% |
| 541511 | Custom Computer Programming Services | 2 | $168K | $84K | 2.1% |
| 332710 | Machine Shops | 1 | $300K | $300K | 1.0% |
| 624410 | Child Care Services | 1 | $42K | $42K | 1.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $225K | $225K | 1.0% |
| 541921 | Photography Studios, Portrait | 1 | $50K | $50K | 1.0% |
| 713950 | Bowling Centers | 1 | $50K | $50K | 1.0% |
| 327320 | Ready-Mix Concrete Manufacturing | 1 | $550K | $550K | 1.0% |
Geographic Distribution
SBA lending activity for First Niagara Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 71 | $11.3M | 73.2% |
| Pennsylvania (PA) | 16 | $3.0M | 16.5% |
| Connecticut (CT) | 7 | $2.3M | 7.2% |
| Massachusetts (MA) | 2 | $248K | 2.1% |
| New Jersey (NJ) | 1 | $75K | 1.0% |
Why Choose First Niagara Bank, National Association?
Based on SBA 7(a) lending track record from 1991-2007
- ✓Proven Track Record: 97 SBA loans approved, totaling $16.9M in financing
- ✓Industry Expertise: Specialized focus on Fruit and Vegetable Canning, Landscaping Services, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 78 months
- ✓Loan Range: Loan sizes from $9K to $1.3M, with an average of $175K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NY, PA, 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 Niagara Bank, National Association SBA lending
What types of businesses does First Niagara Bank, National Association typically finance?
First Niagara Bank, National Association specializes in SBA 7(a) lending to specific industries including fruit and vegetable canning, landscaping services, supermarkets and other grocery retailers (except convenience retailers), custom computer programming services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Niagara Bank, National Association's typical SBA loan terms?
First Niagara Bank, National Association's SBA 7(a) loans typically feature an average interest rate of — and average term length of 78 months (approximately 7 years). Loan sizes range from $9K to $1.3M, with an average loan size of $175K.
Do I need a business valuation for a First Niagara Bank, National Association SBA loan?
Yes, First Niagara Bank, National Association 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 Niagara Bank, National Association compare to other SBA lenders?
First Niagara Bank, National Association has originated 97 SBA loans totaling $16.9M 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 Niagara Bank, National Association lend in?
First Niagara Bank, National Association provides SBA 7(a) financing with particularly strong presence in NY, PA, CT, MA, 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.
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