Nittany Bank, A Division of
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Nittany Bank, A Division of · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 6 | $77K | $13K | 13.6% |
| 236115 | New Single-Family Housing Construction (except For-Sale Builders) | 3 | $440K | $147K | 6.8% |
| 423810 | Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers | 2 | $95K | $48K | 4.5% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $115K | $58K | 4.5% |
| 812910 | Pet Care (except Veterinary) Services | 1 | $25K | $25K | 2.3% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $79K | $79K | 2.3% |
| 722310 | Food Service Contractors | 1 | $10K | $10K | 2.3% |
| 541410 | Interior Design Services | 1 | $50K | $50K | 2.3% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 1 | $15K | $15K | 2.3% |
| 561720 | Janitorial Services | 1 | $20K | $20K | 2.3% |
Geographic Distribution
SBA lending activity for Nittany Bank, A Division of by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 44 | $3.9M | 100.0% |
Why Choose Nittany Bank, A Division of?
Based on SBA 7(a) lending track record from 2003-2006
- ✓Proven Track Record: 44 SBA loans approved, totaling $3.9M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, New Single-Family Housing Construction (except For-Sale Builders), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 78 months
- ✓Loan Range: Loan sizes from $5K to $643K, with an average of $89K
- ✓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 Nittany Bank, A Division of SBA lending
What types of businesses does Nittany Bank, A Division of typically finance?
Nittany Bank, A Division of specializes in SBA 7(a) lending to specific industries including landscaping services, new single-family housing construction (except for-sale builders), construction and mining (except oil well) machinery and equipment merchant wholesalers, electrical contractors and other wiring installation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Nittany Bank, A Division of's typical SBA loan terms?
Nittany Bank, A Division of's SBA 7(a) loans typically feature an average interest rate of — and average term length of 78 months (approximately 7 years). Loan sizes range from $5K to $643K, with an average loan size of $89K.
Do I need a business valuation for a Nittany Bank, A Division of SBA loan?
Yes, Nittany Bank, A Division of 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 Nittany Bank, A Division of compare to other SBA lenders?
Nittany Bank, A Division of has originated 44 SBA loans totaling $3.9M since 2003. 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 Nittany Bank, A Division of lend in?
Nittany Bank, A Division of 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.
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.
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