Jersey Shore State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Jersey Shore State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 339115 | Ophthalmic Goods Manufacturing | 1 | $150K | $150K | 50.0% |
Geographic Distribution
SBA lending activity for Jersey Shore State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 2 | $185K | 100.0% |
Why Choose Jersey Shore State Bank?
Based on SBA 7(a) lending track record from 1998-2002
- ✓Proven Track Record: 2 SBA loans approved, totaling $185K in financing
- ✓Industry Expertise: Specialized focus on Ophthalmic Goods Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $35K to $150K, with an average of $92K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Jersey Shore State Bank SBA lending
What types of businesses does Jersey Shore State Bank typically finance?
Jersey Shore State Bank specializes in SBA 7(a) lending to specific industries including ophthalmic goods manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Jersey Shore State Bank's typical SBA loan terms?
Jersey Shore State Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 72 months (approximately 6 years). Loan sizes range from $35K to $150K, with an average loan size of $92K.
Do I need a business valuation for a Jersey Shore State Bank SBA loan?
Yes, Jersey Shore State 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 Jersey Shore State Bank compare to other SBA lenders?
Jersey Shore State Bank has originated 2 SBA loans totaling $185K since 1998. 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 Jersey Shore State Bank lend in?
Jersey Shore State Bank provides SBA 7(a) financing with particularly strong presence in PA. 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.
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