Habib American Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Habib American Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 2 | $435K | $218K | 4.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | $985K | $493K | 4.0% |
| 812112 | Beauty Salons | 2 | $410K | $205K | 4.0% |
| 423940 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers | 1 | $200K | $200K | 2.0% |
| 561720 | Janitorial Services | 1 | $100K | $100K | 2.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $581K | $581K | 2.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $400K | $400K | 2.0% |
| 621492 | Kidney Dialysis Centers | 1 | $560K | $560K | 2.0% |
| 541512 | Computer Systems Design Services | 1 | $362K | $362K | 2.0% |
| 541330 | Engineering Services | 1 | $100K | $100K | 2.0% |
Geographic Distribution
SBA lending activity for Habib American Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 27 | $9.0M | 54.0% |
| New Jersey (NJ) | 17 | $4.8M | 34.0% |
| California (CA) | 4 | $1.4M | 8.0% |
| Pennsylvania (PA) | 1 | $675K | 2.0% |
| Delaware (DE) | 1 | $500K | 2.0% |
Why Choose Habib American Bank?
Based on SBA 7(a) lending track record from 1994-2015
- ✓Proven Track Record: 50 SBA loans approved, totaling $16.5M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Supermarkets and Other Grocery Retailers (except Convenience Retailers), Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.97% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $40K to $2.1M, with an average of $329K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NY, NJ, CA
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 Habib American Bank SBA lending
What types of businesses does Habib American Bank typically finance?
Habib American Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, supermarkets and other grocery retailers (except convenience retailers), beauty salons, jewelry, watch, precious stone, and precious metal merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Habib American Bank's typical SBA loan terms?
Habib American Bank's SBA 7(a) loans typically feature an average interest rate of 5.97% and average term length of 104 months (approximately 9 years). Loan sizes range from $40K to $2.1M, with an average loan size of $329K.
Do I need a business valuation for a Habib American Bank SBA loan?
Yes, Habib American 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 Habib American Bank compare to other SBA lenders?
Habib American Bank has originated 50 SBA loans totaling $16.5M since 1994. 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 Habib American Bank lend in?
Habib American Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ, CA, PA, DE. 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.
Get your certified valuation from Fair Market Value.