Hometown Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Hometown Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $26.6M | $1.1M | 8.6% |
| 722513 | Limited-Service Restaurants | 16 | $13.7M | $858K | 5.7% |
| 238990 | All Other Specialty Trade Contractors | 16 | $3.4M | $212K | 5.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 16 | $29.3M | $1.8M | 5.7% |
| 722410 | Drinking Places (Alcoholic Beverages) | 16 | $20.8M | $1.3M | 5.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $11.9M | $746K | 5.7% |
| 238210 | Electrical Contractors | 8 | $5.3M | $658K | 2.9% |
| 488410 | Motor Vehicle Towing | 8 | $4.0M | $499K | 2.9% |
| 312120 | Breweries | 8 | $6.7M | $840K | 2.9% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 8 | $16.3M | $2.0M | 2.9% |
Geographic Distribution
SBA lending activity for Hometown Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 72 | $105.7M | 25.7% |
| New Jersey (NJ) | 16 | $56.3M | 5.7% |
| New York (NY) | 24 | $55.6M | 8.6% |
| North Carolina (NC) | 16 | $31.4M | 5.7% |
| Tennessee (TN) | 16 | $16.5M | 5.7% |
| California (CA) | 16 | $12.6M | 5.7% |
| Massachusetts (MA) | 8 | $12.4M | 2.9% |
| Wisconsin (WI) | 8 | $12.0M | 2.9% |
| Pennsylvania (PA) | 16 | $12.0M | 5.7% |
| Iowa (IA) | 8 | $11.3M | 2.9% |
| Vermont (VT) | 8 | $10.0M | 2.9% |
| Maryland (MD) | 8 | $8.3M | 2.9% |
| Michigan (MI) | 8 | $8.3M | 2.9% |
| Florida (FL) | 8 | $6.4M | 2.9% |
| Connecticut (CT) | 8 | $6.4M | 2.9% |
| South Carolina (SC) | 8 | $4.2M | 2.9% |
| Washington (WA) | 8 | $4.0M | 2.9% |
| Illinois (IL) | 8 | $3.8M | 2.9% |
| Texas (TX) | 16 | $3.4M | 5.7% |
Why Choose Hometown Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 280 SBA loans approved, totaling $380.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 7.47% with flexible term lengths averaging 195 months
- ✓Loan Range: Loan sizes from $126K to $5.0M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in OH, NY, NJ
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 Hometown Bank SBA lending
What types of businesses does Hometown Bank typically finance?
Hometown Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, all other specialty trade contractors, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hometown Bank's typical SBA loan terms?
Hometown Bank's SBA 7(a) loans typically feature an average interest rate of 7.47% and average term length of 195 months (approximately 16 years). Loan sizes range from $126K to $5.0M, with an average loan size of $1.4M.
Do I need a business valuation for a Hometown Bank SBA loan?
Yes, Hometown 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 Hometown Bank compare to other SBA lenders?
Hometown Bank has originated 280 SBA loans totaling $380.4M 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 Hometown Bank lend in?
Hometown Bank provides SBA 7(a) financing with particularly strong presence in OH, NY, NJ, PA, TX. 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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Professional valuations are often required for SBA loans over $250,000.
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