Mid Penn Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Mid Penn Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 152 | $110.3M | $725K | 13.6% |
| 561730 | Landscaping Services | 64 | $20.1M | $314K | 5.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 40 | $4.9M | $122K | 3.6% |
| 811111 | General Automotive Repair | 40 | $20.9M | $523K | 3.6% |
| 524210 | Insurance Agencies and Brokerages | 32 | $31.6M | $988K | 2.9% |
| 722513 | Limited-Service Restaurants | 32 | $16.9M | $529K | 2.9% |
| 444220 | Nursery and Garden Centers | 32 | $26.4M | $825K | 2.9% |
| 541940 | Veterinary Services | 32 | $12.4M | $389K | 2.9% |
| 621610 | Home Health Care Services | 32 | $22.7M | $710K | 2.9% |
| 323111 | Commercial Gravure Printing | 24 | $5.6M | $233K | 2.1% |
Geographic Distribution
SBA lending activity for Mid Penn Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 992 | $517.2M | 88.6% |
| New Jersey (NJ) | 72 | $81.5M | 6.4% |
| Texas (TX) | 24 | $15.2M | 2.1% |
| Georgia (GA) | 16 | $8.0M | 1.4% |
| Maryland (MD) | 8 | $4.0M | 0.7% |
| New York (NY) | 8 | $2.4M | 0.7% |
Why Choose Mid Penn Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,120 SBA loans approved, totaling $628.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Landscaping Services, Commercial and Industrial Machinery and Equipment (except Automotive a
- ✓Competitive Terms: Average interest rate of 7.54% with flexible term lengths averaging 158 months
- ✓Loan Range: Loan sizes from $12K to $4.8M, with an average of $561K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in PA, NJ, 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 Mid Penn Bank SBA lending
What types of businesses does Mid Penn Bank typically finance?
Mid Penn Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, landscaping services, commercial and industrial machinery and equipment (except automotive a, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Mid Penn Bank's typical SBA loan terms?
Mid Penn Bank's SBA 7(a) loans typically feature an average interest rate of 7.54% and average term length of 158 months (approximately 13 years). Loan sizes range from $12K to $4.8M, with an average loan size of $561K.
Do I need a business valuation for a Mid Penn Bank SBA loan?
Yes, Mid Penn 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 Mid Penn Bank compare to other SBA lenders?
Mid Penn Bank has originated 1,120 SBA loans totaling $628.2M 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 Mid Penn Bank lend in?
Mid Penn Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ, TX, GA, NY. 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?
Professional valuations are often required for SBA loans over $250,000.
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