NexTier Bank, N.A.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by NexTier Bank, N.A. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721191 | Bed-and-Breakfast Inns | 1 | $296K | $296K | 100.0% |
Geographic Distribution
SBA lending activity for NexTier Bank, N.A. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1 | $296K | 100.0% |
Why Choose NexTier Bank, N.A.?
Based on SBA 7(a) lending track record from 2007-2007
- ✓Proven Track Record: 1 SBA loans approved, totaling $296K in financing
- ✓Industry Expertise: Specialized focus on Bed-and-Breakfast Inns
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 246 months
- ✓Loan Range: Loan sizes from $296K to $296K, with an average of $296K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 NexTier Bank, N.A. SBA lending
What types of businesses does NexTier Bank, N.A. typically finance?
NexTier Bank, N.A. specializes in SBA 7(a) lending to specific industries including bed-and-breakfast inns. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are NexTier Bank, N.A.'s typical SBA loan terms?
NexTier Bank, N.A.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 246 months (approximately 21 years). Loan sizes range from $296K to $296K, with an average loan size of $296K.
Do I need a business valuation for a NexTier Bank, N.A. SBA loan?
Yes, NexTier Bank, N.A. 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 NexTier Bank, N.A. compare to other SBA lenders?
NexTier Bank, N.A. has originated 1 SBA loans totaling $296K since 2007. 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 NexTier Bank, N.A. lend in?
NexTier Bank, N.A. provides SBA 7(a) financing with particularly strong presence in PA. 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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Certified valuations are often required for SBA loans over $250,000.
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