Happen Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Happen Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 84 | $51.2M | $609K | 8.0% |
| 722513 | Limited-Service Restaurants | 80 | $51.1M | $639K | 7.6% |
| 722511 | Full-Service Restaurants | 53 | $72.4M | $1.4M | 5.0% |
| 812199 | Other Personal Care Services | 51 | $45.8M | $898K | 4.9% |
| 812990 | All Other Personal Services | 29 | $22.4M | $773K | 2.8% |
| 624410 | Child Care Services | 28 | $28.5M | $1.0M | 2.7% |
| 812112 | Beauty Salons | 23 | $9.5M | $411K | 2.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 18 | $12.1M | $674K | 1.7% |
| 621610 | Home Health Care Services | 17 | $23.9M | $1.4M | 1.6% |
| 611620 | Sports and Recreation Instruction | 16 | $22.8M | $1.4M | 1.5% |
Geographic Distribution
SBA lending activity for Happen Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 105 | $144.3M | 10.0% |
| Illinois (IL) | 77 | $139.4M | 7.3% |
| Massachusetts (MA) | 195 | $74.8M | 18.6% |
| Texas (TX) | 80 | $69.4M | 7.6% |
| California (CA) | 57 | $63.6M | 5.4% |
| New York (NY) | 57 | $57.3M | 5.4% |
| New Jersey (NJ) | 65 | $56.9M | 6.2% |
| Colorado (CO) | 34 | $32.4M | 3.2% |
| North Carolina (NC) | 34 | $30.5M | 3.2% |
| Arizona (AZ) | 43 | $27.9M | 4.1% |
| Pennsylvania (PA) | 21 | $26.7M | 2.0% |
| Michigan (MI) | 20 | $21.1M | 1.9% |
| Connecticut (CT) | 27 | $20.8M | 2.6% |
| Washington (WA) | 12 | $20.3M | 1.1% |
| Indiana (IN) | 12 | $18.3M | 1.1% |
| Kansas (KS) | 14 | $17.9M | 1.3% |
| Virginia (VA) | 14 | $14.9M | 1.3% |
| Ohio (OH) | 15 | $14.6M | 1.4% |
| Rhode Island (RI) | 20 | $13.2M | 1.9% |
| Georgia (GA) | 10 | $11.9M | 1.0% |
| Nevada (NV) | 7 | $9.4M | 0.7% |
| Utah (UT) | 9 | $9.3M | 0.9% |
| Missouri (MO) | 6 | $9.0M | 0.6% |
| Minnesota (MN) | 7 | $8.8M | 0.7% |
| Oregon (OR) | 10 | $8.3M | 1.0% |
| New Mexico (NM) | 9 | $7.8M | 0.9% |
| Alabama (AL) | 5 | $7.2M | 0.5% |
| Wisconsin (WI) | 7 | $6.6M | 0.7% |
| Maryland (MD) | 6 | $6.6M | 0.6% |
| Tennessee (TN) | 10 | $6.3M | 1.0% |
| Iowa (IA) | 5 | $6.1M | 0.5% |
| Oklahoma (OK) | 4 | $5.9M | 0.4% |
| Louisiana (LA) | 6 | $5.9M | 0.6% |
| New Hampshire (NH) | 18 | $4.5M | 1.7% |
| South Carolina (SC) | 4 | $4.2M | 0.4% |
| Montana (MT) | 3 | $3.9M | 0.3% |
| Nebraska (NE) | 6 | $3.6M | 0.6% |
| Mississippi (MS) | 2 | $3.5M | 0.2% |
| Delaware (DE) | 5 | $2.6M | 0.5% |
| South Dakota (SD) | 3 | $2.0M | 0.3% |
| Hawaii (HI) | 2 | $1.2M | 0.2% |
| Idaho (ID) | 2 | $1.2M | 0.2% |
| Vermont (VT) | 1 | $750K | 0.1% |
| Kentucky (KY) | 1 | $618K | 0.1% |
| Alaska (AK) | 1 | $322K | 0.1% |
Why Choose Happen Bank?
Based on SBA 7(a) lending track record from 1993-2026
- ✓Proven Track Record: 1,051 SBA loans approved, totaling $1.00B in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Limited-Service Restaurants, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.78% with flexible term lengths averaging 141 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $953K
- ✓Nationwide Reach: Active lending in 45 states, with strong presence in MA, FL, TX
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 Happen Bank SBA lending
What types of businesses does Happen Bank typically finance?
Happen Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, limited-service restaurants, full-service restaurants, other personal care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Happen Bank's typical SBA loan terms?
Happen Bank's SBA 7(a) loans typically feature an average interest rate of 6.78% and average term length of 141 months (approximately 12 years). Loan sizes range from $8K to $5.0M, with an average loan size of $953K.
Do I need a business valuation for a Happen Bank SBA loan?
Yes, Happen 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 Happen Bank compare to other SBA lenders?
Happen Bank has originated 1,051 SBA loans totaling $1.00B since 1993. 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 Happen Bank lend in?
Happen Bank provides SBA 7(a) financing with particularly strong presence in MA, FL, TX, IL, NJ. 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.
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