Loan Source Incorporated
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Loan Source Incorporated · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722320 | Caterers | 4 | $3.3M | $813K | 2.5% |
| 624410 | Child Care Services | 4 | $2.0M | $500K | 2.5% |
| 311513 | Cheese Manufacturing | 4 | $775K | $194K | 2.5% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 4 | $4.6M | $1.1M | 2.5% |
| 811111 | General Automotive Repair | 4 | $3.9M | $964K | 2.5% |
| 541511 | Custom Computer Programming Services | 4 | $1.7M | $422K | 2.5% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 4 | $2.4M | $596K | 2.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | $2.4M | $797K | 1.9% |
| 812112 | Beauty Salons | 3 | $1.2M | $390K | 1.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $2.6M | $867K | 1.9% |
Geographic Distribution
SBA lending activity for Loan Source Incorporated by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 131 | $86.8M | 81.4% |
| New Jersey (NJ) | 20 | $11.6M | 12.4% |
| Connecticut (CT) | 6 | $7.0M | 3.7% |
| Arizona (AZ) | 1 | $2.0M | 0.6% |
| Rhode Island (RI) | 1 | $1.4M | 0.6% |
| Florida (FL) | 1 | $1.0M | 0.6% |
| Ohio (OH) | 1 | $1.0M | 0.6% |
Why Choose Loan Source Incorporated?
Based on SBA 7(a) lending track record from 1995-2019
- ✓Proven Track Record: 161 SBA loans approved, totaling $110.7M in financing
- ✓Industry Expertise: Specialized focus on Caterers, Child Care Services, Cheese Manufacturing
- ✓Competitive Terms: Average interest rate of 5.72% with flexible term lengths averaging 201 months
- ✓Loan Range: Loan sizes from $55K to $5.0M, with an average of $688K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in NY, NJ, CT
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 Loan Source Incorporated SBA lending
What types of businesses does Loan Source Incorporated typically finance?
Loan Source Incorporated specializes in SBA 7(a) lending to specific industries including caterers, child care services, cheese manufacturing, offices of physical, occupational and speech therapists, and audiologists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Loan Source Incorporated's typical SBA loan terms?
Loan Source Incorporated's SBA 7(a) loans typically feature an average interest rate of 5.72% and average term length of 201 months (approximately 17 years). Loan sizes range from $55K to $5.0M, with an average loan size of $688K.
Do I need a business valuation for a Loan Source Incorporated SBA loan?
Yes, Loan Source Incorporated 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 Loan Source Incorporated compare to other SBA lenders?
Loan Source Incorporated has originated 161 SBA loans totaling $110.7M since 1995. 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 Loan Source Incorporated lend in?
Loan Source Incorporated provides SBA 7(a) financing with particularly strong presence in NY, NJ, CT, RI, FL. 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?
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