NexTier Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by NexTier Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722330 | Mobile Food Services | 8 | $962K | $120K | 16.7% |
| 812111 | Barber Shops | 8 | $160K | $20K | 16.7% |
| 541430 | Graphic Design Services | 8 | $1.9M | $232K | 16.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $1.2M | $150K | 16.7% |
| 722513 | Limited-Service Restaurants | 8 | $1.2M | $150K | 16.7% |
| 312113 | Ice Manufacturing | 8 | $800K | $100K | 16.7% |
Geographic Distribution
SBA lending activity for NexTier Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 40 | $5.0M | 83.3% |
| New York (NY) | 8 | $1.2M | 16.7% |
Why Choose NexTier Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 48 SBA loans approved, totaling $6.2M in financing
- ✓Industry Expertise: Specialized focus on Mobile Food Services, Barber Shops, Graphic Design Services
- ✓Competitive Terms: Average interest rate of 8.50% with flexible term lengths averaging 82 months
- ✓Loan Range: Loan sizes from $20K to $232K, with an average of $129K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, NY
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, National Association SBA lending
What types of businesses does NexTier Bank, National Association typically finance?
NexTier Bank, National Association specializes in SBA 7(a) lending to specific industries including mobile food services, barber shops, graphic design services, coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are NexTier Bank, National Association's typical SBA loan terms?
NexTier Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 8.50% and average term length of 82 months (approximately 7 years). Loan sizes range from $20K to $232K, with an average loan size of $129K.
Do I need a business valuation for a NexTier Bank, National Association SBA loan?
Yes, NexTier Bank, National Association 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, National Association compare to other SBA lenders?
NexTier Bank, National Association has originated 48 SBA loans totaling $6.2M since 2020. 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, National Association lend in?
NexTier Bank, National Association provides SBA 7(a) financing with particularly strong presence in PA, NY. 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?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.