New Haven Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by New Haven Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812990 | All Other Personal Services | 1 | $235K | $235K | 33.3% |
| 541490 | Other Specialized Design Services | 1 | $500K | $500K | 33.3% |
Geographic Distribution
SBA lending activity for New Haven Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 3 | $875K | 100.0% |
Why Choose New Haven Bank?
Based on SBA 7(a) lending track record from 2011-2016
- ✓Proven Track Record: 3 SBA loans approved, totaling $875K in financing
- ✓Industry Expertise: Specialized focus on All Other Personal Services, Other Specialized Design Services
- ✓Competitive Terms: Average interest rate of 5.67% with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $140K to $500K, with an average of $292K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CT
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 New Haven Bank SBA lending
What types of businesses does New Haven Bank typically finance?
New Haven Bank specializes in SBA 7(a) lending to specific industries including all other personal services, other specialized design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are New Haven Bank's typical SBA loan terms?
New Haven Bank's SBA 7(a) loans typically feature an average interest rate of 5.67% and average term length of 115 months (approximately 10 years). Loan sizes range from $140K to $500K, with an average loan size of $292K.
Do I need a business valuation for a New Haven Bank SBA loan?
Yes, New Haven 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 New Haven Bank compare to other SBA lenders?
New Haven Bank has originated 3 SBA loans totaling $875K 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 New Haven Bank lend in?
New Haven Bank provides SBA 7(a) financing with particularly strong presence in CT. 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.