Ledyard National Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Ledyard National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 24 | $13.2M | $548K | 37.5% |
| 238130 | Framing Contractors | 8 | $33.0M | $4.1M | 12.5% |
| 541219 | Other Accounting Services | 8 | $704K | $88K | 12.5% |
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 8 | $22.6M | $2.8M | 12.5% |
| 327110 | Pottery, Ceramics, and Plumbing Fixture Manufacturing | 8 | $14.4M | $1.8M | 12.5% |
| 561720 | Janitorial Services | 8 | $3.4M | $422K | 12.5% |
Geographic Distribution
SBA lending activity for Ledyard National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Vermont (VT) | 24 | $70.0M | 37.5% |
| New Hampshire (NH) | 40 | $17.2M | 62.5% |
Why Choose Ledyard National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $87.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Framing Contractors, Other Accounting Services
- ✓Competitive Terms: Average interest rate of 5.97% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $30K to $4.1M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NH, VT
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 full-service restaurants, framing contractors, other accounting services, motor vehicle supplies and new parts merchant wholesalers. 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 5.97% and average term length of 94 months (approximately 8 years). Loan sizes range from $30K to $4.1M, with an average loan size of $1.4M.
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 64 SBA loans totaling $87.2M 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 Ledyard National Bank lend in?
Ledyard National Bank provides SBA 7(a) financing with particularly strong presence in NH, VT. 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?
Professional valuations are often required for SBA loans over $250,000.
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