Neighborhood Development Center
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Neighborhood Development Center · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $500K | $250K | 18.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 2 | $255K | $128K | 18.2% |
| 541213 | Tax Preparation Services | 1 | $200K | $200K | 9.1% |
| 722511 | Full-Service Restaurants | 1 | $110K | $110K | 9.1% |
| 812199 | Other Personal Care Services | 1 | $238K | $238K | 9.1% |
| 541930 | Translation and Interpretation Services | 1 | $150K | $150K | 9.1% |
| 423210 | Furniture Merchant Wholesalers | 1 | $100K | $100K | 9.1% |
Geographic Distribution
SBA lending activity for Neighborhood Development Center by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 11 | $1.7M | 100.0% |
Why Choose Neighborhood Development Center?
Based on SBA 7(a) lending track record from 2014-2016
- ✓Proven Track Record: 11 SBA loans approved, totaling $1.7M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Snack and Nonalcoholic Beverage Bars, Tax Preparation Services
- ✓Competitive Terms: Average interest rate of 6.20% with flexible term lengths averaging 157 months
- ✓Loan Range: Loan sizes from $65K to $250K, with an average of $156K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 Neighborhood Development Center SBA lending
What types of businesses does Neighborhood Development Center typically finance?
Neighborhood Development Center specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), snack and nonalcoholic beverage bars, tax preparation services, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Neighborhood Development Center's typical SBA loan terms?
Neighborhood Development Center's SBA 7(a) loans typically feature an average interest rate of 6.20% and average term length of 157 months (approximately 13 years). Loan sizes range from $65K to $250K, with an average loan size of $156K.
Do I need a business valuation for a Neighborhood Development Center SBA loan?
Yes, Neighborhood Development Center 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 Neighborhood Development Center compare to other SBA lenders?
Neighborhood Development Center has originated 11 SBA loans totaling $1.7M since 2014. 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 Neighborhood Development Center lend in?
Neighborhood Development Center provides SBA 7(a) financing with particularly strong presence in MN. 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?
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