Hershey Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Hershey Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 56 | $6.5M | $117K | 15.9% |
| 811111 | General Automotive Repair | 32 | $6.9M | $215K | 9.1% |
| 111150 | Corn Farming | 32 | $50.6M | $1.6M | 9.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 32 | $11.7M | $365K | 9.1% |
| 112111 | Beef Cattle Ranching and Farming | 24 | $42.2M | $1.8M | 6.8% |
| 323113 | Commercial Screen Printing | 16 | $942K | $59K | 4.5% |
| 236118 | Residential Remodelers | 16 | $3.9M | $246K | 4.5% |
| 541611 | Administrative Management and General Management Consulting Services | 8 | $1.2M | $144K | 2.3% |
| 532289 | Other | 8 | $390K | $49K | 2.3% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $128K | $16K | 2.3% |
Geographic Distribution
SBA lending activity for Hershey Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 336 | $149.8M | 95.5% |
| Colorado (CO) | 8 | $4.6M | 2.3% |
| Iowa (IA) | 8 | $1.4M | 2.3% |
Why Choose Hershey Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 352 SBA loans approved, totaling $155.8M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, General Automotive Repair, Corn Farming
- ✓Competitive Terms: Average interest rate of 6.58% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $14K to $5.0M, with an average of $443K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NE, IA, CO
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 Hershey Bank SBA lending
What types of businesses does Hershey Bank typically finance?
Hershey Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, general automotive repair, corn farming, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hershey Bank's typical SBA loan terms?
Hershey Bank's SBA 7(a) loans typically feature an average interest rate of 6.58% and average term length of 109 months (approximately 9 years). Loan sizes range from $14K to $5.0M, with an average loan size of $443K.
Do I need a business valuation for a Hershey Bank SBA loan?
Yes, Hershey 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 Hershey Bank compare to other SBA lenders?
Hershey Bank has originated 352 SBA loans totaling $155.8M 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 Hershey Bank lend in?
Hershey Bank provides SBA 7(a) financing with particularly strong presence in NE, IA, CO. 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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