Ledyard National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Ledyard National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721191 | Bed-and-Breakfast Inns | 6 | $3.0M | $492K | 2.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 6 | $415K | $69K | 2.8% |
| 485320 | Limousine Service | 5 | $158K | $32K | 2.3% |
| 621210 | Offices of Dentists | 5 | $894K | $179K | 2.3% |
| 722511 | Full-Service Restaurants | 5 | $4.3M | $856K | 2.3% |
| 541410 | Interior Design Services | 4 | $200K | $50K | 1.8% |
| 339920 | Sporting and Athletic Goods Manufacturing | 4 | $130K | $33K | 1.8% |
| 238320 | Painting and Wall Covering Contractors | 3 | $125K | $42K | 1.4% |
| 441110 | New Car Dealers | 3 | $740K | $247K | 1.4% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 3 | $747K | $249K | 1.4% |
Geographic Distribution
SBA lending activity for Ledyard National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 161 | $28.2M | 74.2% |
| Vermont (VT) | 53 | $17.9M | 24.4% |
| Massachusetts (MA) | 3 | $170K | 1.4% |
Why Choose Ledyard National Bank?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 217 SBA loans approved, totaling $46.2M in financing
- ✓Industry Expertise: Specialized focus on Bed-and-Breakfast Inns, Offices of Physicians (except Mental Health Specialists), Limousine Service
- ✓Competitive Terms: Average interest rate of 5.53% with flexible term lengths averaging 81 months
- ✓Loan Range: Loan sizes from $4K to $4.1M, with an average of $213K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NH, VT, MA
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 Ledyard National Bank SBA lending
What types of businesses does Ledyard National Bank typically finance?
Ledyard National Bank specializes in SBA 7(a) lending to specific industries including bed-and-breakfast inns, offices of physicians (except mental health specialists), limousine service, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ledyard National Bank's typical SBA loan terms?
Ledyard National Bank's SBA 7(a) loans typically feature an average interest rate of 5.53% and average term length of 81 months (approximately 7 years). Loan sizes range from $4K to $4.1M, with an average loan size of $213K.
Do I need a business valuation for a Ledyard National Bank SBA loan?
Yes, Ledyard National 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 Ledyard National Bank compare to other SBA lenders?
Ledyard National Bank has originated 217 SBA loans totaling $46.2M since 1992. 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 Ledyard National Bank lend in?
Ledyard National Bank provides SBA 7(a) financing with particularly strong presence in NH, VT, MA. 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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