KeyBank National Association
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by KeyBank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2,496 | $879.1M | $352K | 6.7% |
| 722513 | Limited-Service Restaurants | 1,688 | $708.4M | $420K | 4.5% |
| 713940 | Fitness and Recreational Sports Centers | 1,080 | $479.2M | $444K | 2.9% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 1,008 | $137.1M | $136K | 2.7% |
| 236118 | Residential Remodelers | 912 | $110.4M | $121K | 2.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 816 | $203.6M | $249K | 2.2% |
| 484110 | General Freight Trucking, Local | 792 | $44.0M | $56K | 2.1% |
| 238990 | All Other Specialty Trade Contractors | 728 | $347.4M | $477K | 1.9% |
| 561730 | Landscaping Services | 728 | $225.7M | $310K | 1.9% |
| 713990 | All Other Amusement and Recreation Industries | 672 | $629.9M | $937K | 1.8% |
Geographic Distribution
SBA lending activity for KeyBank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 6,240 | $2.62B | 16.7% |
| Ohio (OH) | 5,912 | $2.47B | 15.8% |
| New York (NY) | 6,856 | $1.78B | 18.3% |
| Oregon (OR) | 2,256 | $1.04B | 6.0% |
| Indiana (IN) | 1,640 | $923.0M | 4.4% |
| Colorado (CO) | 2,768 | $915.7M | 7.4% |
| Pennsylvania (PA) | 3,120 | $804.0M | 8.3% |
| Utah (UT) | 1,256 | $617.6M | 3.4% |
| Michigan (MI) | 1,072 | $490.4M | 2.9% |
| Connecticut (CT) | 1,584 | $336.6M | 4.2% |
| New Jersey (NJ) | 440 | $185.8M | 1.2% |
| Alaska (AK) | 608 | $185.3M | 1.6% |
| Virginia (VA) | 144 | $170.4M | 0.4% |
| Texas (TX) | 336 | $150.6M | 0.9% |
| Massachusetts (MA) | 312 | $128.0M | 0.8% |
| Florida (FL) | 224 | $125.9M | 0.6% |
| California (CA) | 168 | $123.8M | 0.4% |
| Idaho (ID) | 400 | $116.5M | 1.1% |
| Maine (ME) | 696 | $115.6M | 1.9% |
| Illinois (IL) | 128 | $103.4M | 0.3% |
| New Hampshire (NH) | 112 | $86.9M | 0.3% |
| North Carolina (NC) | 80 | $75.7M | 0.2% |
| Kentucky (KY) | 112 | $69.5M | 0.3% |
| Missouri (MO) | 80 | $67.1M | 0.2% |
| Minnesota (MN) | 56 | $62.5M | 0.1% |
| Nevada (NV) | 64 | $59.0M | 0.2% |
| Louisiana (LA) | 16 | $53.3M | 0.0% |
| Vermont (VT) | 248 | $50.3M | 0.7% |
| South Carolina (SC) | 32 | $41.3M | 0.1% |
| Arizona (AZ) | 72 | $40.8M | 0.2% |
| Georgia (GA) | 32 | $35.6M | 0.1% |
| Tennessee (TN) | 48 | $30.2M | 0.1% |
| Nebraska (NE) | 8 | $30.0M | 0.0% |
| Maryland (MD) | 48 | $22.9M | 0.1% |
| Alabama (AL) | 40 | $19.6M | 0.1% |
| Kansas (KS) | 32 | $15.4M | 0.1% |
| Arkansas (AR) | 16 | $13.6M | 0.0% |
| Wisconsin (WI) | 16 | $12.9M | 0.0% |
| Montana (MT) | 16 | $11.3M | 0.0% |
| Delaware (DE) | 40 | $7.2M | 0.1% |
| Wyoming (WY) | 16 | $6.9M | 0.0% |
| North Dakota (ND) | 8 | $6.3M | 0.0% |
| Oklahoma (OK) | 8 | $4.6M | 0.0% |
| Rhode Island (RI) | 8 | $3.6M | 0.0% |
| Iowa (IA) | 8 | $2.8M | 0.0% |
Why Choose KeyBank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 37,376 SBA loans approved, totaling $14.22B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 8.76% with flexible term lengths averaging 122 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $380K
- ✓Nationwide Reach: Active lending in 45 states, with strong presence in NY, WA, OH
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 KeyBank National Association SBA lending
What types of businesses does KeyBank National Association typically finance?
KeyBank National Association specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, fitness and recreational sports centers, general freight trucking, long distance, truckload. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are KeyBank National Association's typical SBA loan terms?
KeyBank National Association's SBA 7(a) loans typically feature an average interest rate of 8.76% and average term length of 122 months (approximately 10 years). Loan sizes range from $8K to $5.0M, with an average loan size of $380K.
Do I need a business valuation for a KeyBank National Association SBA loan?
Yes, KeyBank National Association 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 KeyBank National Association compare to other SBA lenders?
KeyBank National Association has originated 37,376 SBA loans totaling $14.22B 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 KeyBank National Association lend in?
KeyBank National Association provides SBA 7(a) financing with particularly strong presence in NY, WA, OH, PA, 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.
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