National Penn Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by National Penn Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 2 | $178K | $89K | 8.0% |
| 561730 | Landscaping Services | 1 | $128K | $128K | 4.0% |
| 541340 | Drafting Services | 1 | $140K | $140K | 4.0% |
Geographic Distribution
SBA lending activity for National Penn Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 24 | $3.6M | 96.0% |
| New Jersey (NJ) | 1 | $50K | 4.0% |
Why Choose National Penn Bank?
Based on SBA 7(a) lending track record from 1992-2004
- ✓Proven Track Record: 25 SBA loans approved, totaling $3.6M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Landscaping Services, Drafting Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $15K to $720K, with an average of $145K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, NJ
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 National Penn Bank SBA lending
What types of businesses does National Penn Bank typically finance?
National Penn Bank specializes in SBA 7(a) lending to specific industries including general automotive repair, landscaping services, drafting services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are National Penn Bank's typical SBA loan terms?
National Penn Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 125 months (approximately 10 years). Loan sizes range from $15K to $720K, with an average loan size of $145K.
Do I need a business valuation for a National Penn Bank SBA loan?
Yes, National 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 National Penn Bank compare to other SBA lenders?
National Penn Bank has originated 25 SBA loans totaling $3.6M since 1992. 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 National Penn Bank lend in?
National Penn Bank provides SBA 7(a) financing with particularly strong presence in PA, NJ. 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.
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