Flushing Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Flushing Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 40 | $46.1M | $1.2M | 10.4% |
| 332710 | Machine Shops | 16 | $13.4M | $840K | 4.2% |
| 485991 | Special Needs Transportation | 16 | $9.3M | $581K | 4.2% |
| 327991 | Cut Stone and Stone Product Manufacturing | 16 | $5.2M | $323K | 4.2% |
| 722511 | Full-Service Restaurants | 16 | $11.4M | $714K | 4.2% |
| 238990 | All Other Specialty Trade Contractors | 16 | $35.7M | $2.2M | 4.2% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $13.0M | $814K | 4.2% |
| 722513 | Limited-Service Restaurants | 16 | $10.2M | $640K | 4.2% |
| 445320 | Other | 16 | $25.9M | $1.6M | 4.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $9.9M | $621K | 4.2% |
Geographic Distribution
SBA lending activity for Flushing Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 240 | $240.9M | 62.5% |
| New Jersey (NJ) | 80 | $56.5M | 20.8% |
| Illinois (IL) | 8 | $13.0M | 2.1% |
| Maryland (MD) | 8 | $12.8M | 2.1% |
| Virginia (VA) | 8 | $6.9M | 2.1% |
| Tennessee (TN) | 8 | $5.7M | 2.1% |
| Pennsylvania (PA) | 8 | $4.5M | 2.1% |
| Florida (FL) | 8 | $4.0M | 2.1% |
| California (CA) | 8 | $3.8M | 2.1% |
| Massachusetts (MA) | 8 | $560K | 2.1% |
Why Choose Flushing Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 384 SBA loans approved, totaling $348.6M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Machine Shops, Special Needs Transportation
- ✓Competitive Terms: Average interest rate of 8.09% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $50K to $3.5M, with an average of $908K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in NY, NJ, PA
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 Flushing Bank SBA lending
What types of businesses does Flushing Bank typically finance?
Flushing Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, local, machine shops, special needs transportation, cut stone and stone product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Flushing Bank's typical SBA loan terms?
Flushing Bank's SBA 7(a) loans typically feature an average interest rate of 8.09% and average term length of 172 months (approximately 14 years). Loan sizes range from $50K to $3.5M, with an average loan size of $908K.
Do I need a business valuation for a Flushing Bank SBA loan?
Yes, Flushing 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 Flushing Bank compare to other SBA lenders?
Flushing Bank has originated 384 SBA loans totaling $348.6M 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 Flushing Bank lend in?
Flushing Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ, PA, MD, IL. 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.
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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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