Mercantile Southern Maryland Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mercantile Southern Maryland Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 2 | $60K | $30K | 6.3% |
| 624410 | Child Care Services | 1 | $66K | $66K | 3.1% |
| 541611 | Administrative Management and General Management Consulting Services | 1 | $150K | $150K | 3.1% |
| 621210 | Offices of Dentists | 1 | $65K | $65K | 3.1% |
| 541810 | Advertising Agencies | 1 | $187K | $187K | 3.1% |
| 814110 | Private Households | 1 | $50K | $50K | 3.1% |
Geographic Distribution
SBA lending activity for Mercantile Southern Maryland Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 32 | $3.7M | 100.0% |
Why Choose Mercantile Southern Maryland Bank?
Based on SBA 7(a) lending track record from 1991-2006
- ✓Proven Track Record: 32 SBA loans approved, totaling $3.7M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Child Care Services, Administrative Management and General Management Consulting Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 69 months
- ✓Loan Range: Loan sizes from $10K to $783K, with an average of $115K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Mercantile Southern Maryland Bank SBA lending
What types of businesses does Mercantile Southern Maryland Bank typically finance?
Mercantile Southern Maryland Bank specializes in SBA 7(a) lending to specific industries including landscaping services, child care services, administrative management and general management consulting services, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mercantile Southern Maryland Bank's typical SBA loan terms?
Mercantile Southern Maryland Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 69 months (approximately 6 years). Loan sizes range from $10K to $783K, with an average loan size of $115K.
Do I need a business valuation for a Mercantile Southern Maryland Bank SBA loan?
Yes, Mercantile Southern Maryland 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 Mercantile Southern Maryland Bank compare to other SBA lenders?
Mercantile Southern Maryland Bank has originated 32 SBA loans totaling $3.7M since 1991. 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 Mercantile Southern Maryland Bank lend in?
Mercantile Southern Maryland Bank provides SBA 7(a) financing with particularly strong presence in 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.
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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