Monadnock Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Monadnock Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 5 | $354K | $71K | 4.6% |
| 621310 | Offices of Chiropractors | 5 | $120K | $24K | 4.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 4 | $804K | $201K | 3.7% |
| 485999 | All Other Transit and Ground Passenger Transportation | 2 | $78K | $39K | 1.8% |
| 811192 | Car Washes | 2 | $179K | $90K | 1.8% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $75K | $38K | 1.8% |
| 621210 | Offices of Dentists | 2 | $656K | $328K | 1.8% |
| 332710 | Machine Shops | 2 | $35K | $18K | 1.8% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 2 | $255K | $128K | 1.8% |
| 624410 | Child Care Services | 2 | $580K | $290K | 1.8% |
Geographic Distribution
SBA lending activity for Monadnock Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 73 | $9.3M | 67.0% |
| New York (NY) | 21 | $4.0M | 19.3% |
| Massachusetts (MA) | 13 | $2.4M | 11.9% |
| Connecticut (CT) | 1 | $450K | 0.9% |
| Rhode Island (RI) | 1 | $150K | 0.9% |
Why Choose Monadnock Community Bank?
Based on SBA 7(a) lending track record from 1991-2010
- ✓Proven Track Record: 109 SBA loans approved, totaling $16.2M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Chiropractors, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 6.66% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $5K to $871K, with an average of $149K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in NH, NY, MA
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 Monadnock Community Bank SBA lending
What types of businesses does Monadnock Community Bank typically finance?
Monadnock Community Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of chiropractors, hotels (except casino hotels) and motels, all other transit and ground passenger transportation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Monadnock Community Bank's typical SBA loan terms?
Monadnock Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.66% and average term length of 116 months (approximately 10 years). Loan sizes range from $5K to $871K, with an average loan size of $149K.
Do I need a business valuation for a Monadnock Community Bank SBA loan?
Yes, Monadnock Community 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 Monadnock Community Bank compare to other SBA lenders?
Monadnock Community Bank has originated 109 SBA loans totaling $16.2M 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 Monadnock Community Bank lend in?
Monadnock Community Bank provides SBA 7(a) financing with particularly strong presence in NH, NY, MA, CT, RI. 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.
Get your certified valuation from Fair Market Value.