Mercer Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Mercer Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 | $2.3M | $570K | 40.0% |
| 621210 | Offices of Dentists | 3 | $1.6M | $520K | 30.0% |
| 541940 | Veterinary Services | 2 | $675K | $338K | 20.0% |
| 621112 | Offices of Physicians, Mental Health Specialists | 1 | $300K | $300K | 10.0% |
Geographic Distribution
SBA lending activity for Mercer Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 1 | $900K | 10.0% |
| Texas (TX) | 1 | $835K | 10.0% |
| New York (NY) | 1 | $675K | 10.0% |
| Maine (ME) | 1 | $500K | 10.0% |
| Ohio (OH) | 2 | $475K | 20.0% |
| Florida (FL) | 1 | $455K | 10.0% |
| Colorado (CO) | 1 | $375K | 10.0% |
| California (CA) | 1 | $300K | 10.0% |
| Pennsylvania (PA) | 1 | $300K | 10.0% |
Why Choose Mercer Savings Bank?
Based on SBA 7(a) lending track record from 2011-2012
- ✓Proven Track Record: 10 SBA loans approved, totaling $4.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Offices of Dentists, Veterinary Services
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $225K to $900K, with an average of $482K
- ✓Nationwide Reach: Active lending in 9 states, with strong presence in OH, CA, TX
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 Savings Bank SBA lending
What types of businesses does Mercer Savings Bank typically finance?
Mercer Savings Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), offices of dentists, veterinary services, offices of physicians, mental health specialists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mercer Savings Bank's typical SBA loan terms?
Mercer Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 116 months (approximately 10 years). Loan sizes range from $225K to $900K, with an average loan size of $482K.
Do I need a business valuation for a Mercer Savings Bank SBA loan?
Yes, Mercer Savings 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 Savings Bank compare to other SBA lenders?
Mercer Savings Bank has originated 10 SBA loans totaling $4.8M since 2011. 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 Savings Bank lend in?
Mercer Savings Bank provides SBA 7(a) financing with particularly strong presence in OH, CA, TX, NY, UT. 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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