First Niagara Commercial Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Niagara Commercial Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 339950 | Sign Manufacturing | 1 | $60K | $60K | 20.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $40K | $40K | 20.0% |
Geographic Distribution
SBA lending activity for First Niagara Commercial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 5 | $237K | 100.0% |
Why Choose First Niagara Commercial Bank?
Based on SBA 7(a) lending track record from 2001-2003
- ✓Proven Track Record: 5 SBA loans approved, totaling $237K in financing
- ✓Industry Expertise: Specialized focus on Sign Manufacturing, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 76 months
- ✓Loan Range: Loan sizes from $40K to $60K, with an average of $47K
- ✓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 Niagara Commercial Bank SBA lending
What types of businesses does First Niagara Commercial Bank typically finance?
First Niagara Commercial Bank specializes in SBA 7(a) lending to specific industries including sign manufacturing, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Niagara Commercial Bank's typical SBA loan terms?
First Niagara Commercial Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 76 months (approximately 6 years). Loan sizes range from $40K to $60K, with an average loan size of $47K.
Do I need a business valuation for a First Niagara Commercial Bank SBA loan?
Yes, First Niagara Commercial Bank 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 Commercial Bank compare to other SBA lenders?
First Niagara Commercial Bank has originated 5 SBA loans totaling $237K since 2001. 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 Commercial Bank lend in?
First Niagara Commercial Bank 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.
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