Martha's Vineyard Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Martha's Vineyard Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238210 | Electrical Contractors | 16 | $360K | $23K | 13.3% |
| 722511 | Full-Service Restaurants | 16 | $600K | $38K | 13.3% |
| 445298 | Other | 8 | $200K | $25K | 6.7% |
| 721191 | Bed-and-Breakfast Inns | 8 | $160K | $20K | 6.7% |
| 541618 | Other Management Consulting Services | 8 | $200K | $25K | 6.7% |
| 339930 | Doll, Toy, and Game Manufacturing | 8 | $200K | $25K | 6.7% |
| 445320 | Other | 8 | $1.2M | $150K | 6.7% |
| 711510 | Independent Artists, Writers, and Performers | 8 | $168K | $21K | 6.7% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 8 | $160K | $20K | 6.7% |
| 487110 | Scenic and Sightseeing Transportation, Land | 8 | $200K | $25K | 6.7% |
Geographic Distribution
SBA lending activity for Martha's Vineyard Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 104 | $3.6M | 86.7% |
| New Hampshire (NH) | 8 | $200K | 6.7% |
| District of Columbia (DC) | 8 | $200K | 6.7% |
Why Choose Martha's Vineyard Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Electrical Contractors, Full-Service Restaurants, Other
- ✓Competitive Terms: Average interest rate of 5.03% with flexible term lengths averaging 71 months
- ✓Loan Range: Loan sizes from $20K to $150K, with an average of $34K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MA, NH, DC
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 Martha's Vineyard Bank SBA lending
What types of businesses does Martha's Vineyard Bank typically finance?
Martha's Vineyard Bank specializes in SBA 7(a) lending to specific industries including electrical contractors, full-service restaurants, other, bed-and-breakfast inns. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Martha's Vineyard Bank's typical SBA loan terms?
Martha's Vineyard Bank's SBA 7(a) loans typically feature an average interest rate of 5.03% and average term length of 71 months (approximately 6 years). Loan sizes range from $20K to $150K, with an average loan size of $34K.
Do I need a business valuation for a Martha's Vineyard Bank SBA loan?
Yes, Martha's Vineyard 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 Martha's Vineyard Bank compare to other SBA lenders?
Martha's Vineyard Bank has originated 120 SBA loans totaling $4.0M 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 Martha's Vineyard Bank lend in?
Martha's Vineyard Bank provides SBA 7(a) financing with particularly strong presence in MA, NH, DC. 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.
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Professional valuations are often required for SBA loans over $250,000.
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