Mellon Financial Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mellon Financial Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 1 | $70K | $70K | 11.1% |
Geographic Distribution
SBA lending activity for Mellon Financial Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 4 | $453K | 44.4% |
| Pennsylvania (PA) | 5 | $335K | 55.6% |
Why Choose Mellon Financial Corporation?
Based on SBA 7(a) lending track record from 1996-2000
- ✓Proven Track Record: 9 SBA loans approved, totaling $788K in financing
- ✓Industry Expertise: Specialized focus on Child Care Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 61 months
- ✓Loan Range: Loan sizes from $15K to $275K, with an average of $88K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, MD
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 Mellon Financial Corporation SBA lending
What types of businesses does Mellon Financial Corporation typically finance?
Mellon Financial Corporation specializes in SBA 7(a) lending to specific industries including child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mellon Financial Corporation's typical SBA loan terms?
Mellon Financial Corporation's SBA 7(a) loans typically feature an average interest rate of — and average term length of 61 months (approximately 5 years). Loan sizes range from $15K to $275K, with an average loan size of $88K.
Do I need a business valuation for a Mellon Financial Corporation SBA loan?
Yes, Mellon Financial Corporation 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 Mellon Financial Corporation compare to other SBA lenders?
Mellon Financial Corporation has originated 9 SBA loans totaling $788K since 1996. 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 Mellon Financial Corporation lend in?
Mellon Financial Corporation provides SBA 7(a) financing with particularly strong presence in PA, MD. 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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