Katahdin Trust Company
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Katahdin Trust Company · FY 2023
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 113310 | Logging | 2 | $132K | $66K | 15.4% |
| 237990 | Other Heavy and Civil Engineering Construction | 2 | $1.4M | $675K | 15.4% |
| 459310 | Florists | 2 | $120K | $60K | 15.4% |
| 484121 | General Freight Trucking, Long-Distance, Truckload | 2 | $115K | $58K | 15.4% |
| 484110 | General Freight Trucking, Local | 2 | $449K | $224K | 15.4% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $315K | $315K | 7.7% |
| 332710 | Machine Shops | 1 | $1.6M | $1.6M | 7.7% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 1 | $74K | $74K | 7.7% |
Geographic Distribution
SBA lending activity for Katahdin Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 13 | $4.2M | 100.0% |
Why Choose Katahdin Trust Company?
Based on SBA 7(a) lending track record in FY 2023
- ✓Proven Track Record: 13 SBA loans approved, totaling $4.2M in financing
- ✓Industry Expertise: Specialized focus on Logging, Other Heavy and Civil Engineering Construction, Florists
- ✓Competitive Terms: Average interest rate of 7.61% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $23K to $1.6M, with an average of $321K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
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 Katahdin Trust Company SBA lending
What types of businesses does Katahdin Trust Company typically finance?
Katahdin Trust Company specializes in SBA 7(a) lending to specific industries including logging, other heavy and civil engineering construction, florists, general freight trucking, long-distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Katahdin Trust Company's typical SBA loan terms?
Katahdin Trust Company's SBA 7(a) loans typically feature an average interest rate of 7.61% and average term length of 104 months (approximately 9 years). Loan sizes range from $23K to $1.6M, with an average loan size of $321K.
Do I need a business valuation for a Katahdin Trust Company SBA loan?
Yes, Katahdin Trust Company 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 Katahdin Trust Company compare to other SBA lenders?
Katahdin Trust Company has originated 13 SBA loans totaling $4.2M in FY 2023. 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 Katahdin Trust Company lend in?
Katahdin Trust Company provides SBA 7(a) financing with particularly strong presence in ME. 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.
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