Franklin Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Franklin Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 112 | $18.9M | $169K | 25.0% |
| 484110 | General Freight Trucking, Local | 40 | $2.8M | $70K | 8.9% |
| 721110 | Hotels (except Casino Hotels) and Motels | 24 | $1.9M | $78K | 5.4% |
| 113310 | Logging | 16 | $1.5M | $94K | 3.6% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 16 | $6.7M | $418K | 3.6% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $4.1M | $256K | 3.6% |
| 113110 | Timber Tract Operations | 16 | $1.9M | $117K | 3.6% |
| 624410 | Child Day Care Services | 16 | $520K | $33K | 3.6% |
| 445120 | Convenience Stores | 16 | $2.4M | $151K | 3.6% |
| 531190 | Lessors of Other Real Estate Property | 8 | $2.2M | $272K | 1.8% |
Geographic Distribution
SBA lending activity for Franklin Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 432 | $69.8M | 96.4% |
| New Hampshire (NH) | 8 | $4.2M | 1.8% |
| Florida (FL) | 8 | $4.0M | 1.8% |
Why Choose Franklin Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 448 SBA loans approved, totaling $78.0M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, General Freight Trucking, Local, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 5.92% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $10K to $1.0M, with an average of $174K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in ME, NH, FL
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 Franklin Savings Bank SBA lending
What types of businesses does Franklin Savings Bank typically finance?
Franklin Savings Bank specializes in SBA 7(a) lending to specific industries including shellfish fishing, general freight trucking, local, hotels (except casino hotels) and motels, logging. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Franklin Savings Bank's typical SBA loan terms?
Franklin Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.92% and average term length of 114 months (approximately 10 years). Loan sizes range from $10K to $1.0M, with an average loan size of $174K.
Do I need a business valuation for a Franklin Savings Bank SBA loan?
Yes, Franklin Savings 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 Franklin Savings Bank compare to other SBA lenders?
Franklin Savings Bank has originated 448 SBA loans totaling $78.0M 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 Franklin Savings Bank lend in?
Franklin Savings Bank provides SBA 7(a) financing with particularly strong presence in ME, NH, FL. 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?
Professional valuations are often required for SBA loans over $250,000.
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