Mercer County State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mercer County State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 321918 | Other Millwork (including Flooring) | 5 | $94K | $19K | 8.6% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 3 | $295K | $98K | 5.2% |
| 333514 | Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 3 | $1.2M | $397K | 5.2% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | $40K | $13K | 5.2% |
| 331512 | Steel Investment Foundries | 2 | $350K | $175K | 3.4% |
| 339920 | Sporting and Athletic Goods Manufacturing | 2 | $50K | $25K | 3.4% |
| 621610 | Home Health Care Services | 2 | $37K | $18K | 3.4% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $82K | $41K | 3.4% |
| 541211 | Offices of Certified Public Accountants | 1 | $10K | $10K | 1.7% |
| 333994 | Industrial Process Furnace and Oven Manufacturing | 1 | $989K | $989K | 1.7% |
Geographic Distribution
SBA lending activity for Mercer County State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 58 | $7.5M | 100.0% |
Why Choose Mercer County State Bank?
Based on SBA 7(a) lending track record from 1995-2017
- ✓Proven Track Record: 58 SBA loans approved, totaling $7.5M in financing
- ✓Industry Expertise: Specialized focus on Other Millwork (including Flooring), All Other Miscellaneous Fabricated Metal Product Manufacturing, Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
- ✓Competitive Terms: Average interest rate of 6.32% with flexible term lengths averaging 56 months
- ✓Loan Range: Loan sizes from $5K to $1.5M, with an average of $130K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Mercer County State Bank SBA lending
What types of businesses does Mercer County State Bank typically finance?
Mercer County State Bank specializes in SBA 7(a) lending to specific industries including other millwork (including flooring), all other miscellaneous fabricated metal product manufacturing, special die and tool, die set, jig, and fixture manufacturing, automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mercer County State Bank's typical SBA loan terms?
Mercer County State Bank's SBA 7(a) loans typically feature an average interest rate of 6.32% and average term length of 56 months (approximately 5 years). Loan sizes range from $5K to $1.5M, with an average loan size of $130K.
Do I need a business valuation for a Mercer County State Bank SBA loan?
Yes, Mercer County State 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 Mercer County State Bank compare to other SBA lenders?
Mercer County State Bank has originated 58 SBA loans totaling $7.5M 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 Mercer County State Bank lend in?
Mercer County State Bank provides SBA 7(a) financing with particularly strong presence in PA. 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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