Fulton Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fulton Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $460K | $153K | 4.3% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 2 | $360K | $180K | 2.9% |
| 811192 | Car Washes | 2 | $266K | $133K | 2.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $205K | $103K | 2.9% |
| 811111 | General Automotive Repair | 2 | $158K | $79K | 2.9% |
| 812990 | All Other Personal Services | 2 | $75K | $38K | 2.9% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $490K | $490K | 1.4% |
| 812112 | Beauty Salons | 1 | $145K | $145K | 1.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $150K | $150K | 1.4% |
| 312112 | Bottled Water Manufacturing | 1 | $30K | $30K | 1.4% |
Geographic Distribution
SBA lending activity for Fulton Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 69 | $7.9M | 100.0% |
Why Choose Fulton Savings Bank?
Based on SBA 7(a) lending track record from 1991-2005
- ✓Proven Track Record: 69 SBA loans approved, totaling $7.9M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), RV (Recreational Vehicle) Parks and Campgrounds, Car Washes
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $10K to $1.1M, with an average of $115K
- ✓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 Fulton Savings Bank SBA lending
What types of businesses does Fulton Savings Bank typically finance?
Fulton Savings Bank specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), rv (recreational vehicle) parks and campgrounds, car washes, coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fulton Savings Bank's typical SBA loan terms?
Fulton Savings Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 140 months (approximately 12 years). Loan sizes range from $10K to $1.1M, with an average loan size of $115K.
Do I need a business valuation for a Fulton Savings Bank SBA loan?
Yes, Fulton 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 Fulton Savings Bank compare to other SBA lenders?
Fulton Savings Bank has originated 69 SBA loans totaling $7.9M 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 Fulton Savings Bank lend in?
Fulton Savings 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.
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