North Brookfield Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by North Brookfield Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 32 | $3.3M | $104K | 13.3% |
| 811111 | General Automotive Repair | 24 | $1.1M | $47K | 10.0% |
| 333992 | Welding and Soldering Equipment Manufacturing | 16 | $2.2M | $139K | 6.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 16 | $1.2M | $75K | 6.7% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 16 | $4.8M | $303K | 6.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $720K | $45K | 6.7% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 16 | $720K | $45K | 6.7% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 16 | $434K | $27K | 6.7% |
| 811114 | Other | 8 | $700K | $88K | 3.3% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $240K | $30K | 3.3% |
Geographic Distribution
SBA lending activity for North Brookfield Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 240 | $22.1M | 100.0% |
Why Choose North Brookfield Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 240 SBA loans approved, totaling $22.1M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, General Automotive Repair, Welding and Soldering Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 7.22% with flexible term lengths averaging 67 months
- ✓Loan Range: Loan sizes from $10K to $591K, with an average of $92K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MA
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 North Brookfield Savings Bank SBA lending
What types of businesses does North Brookfield Savings Bank typically finance?
North Brookfield Savings Bank specializes in SBA 7(a) lending to specific industries including landscaping services, general automotive repair, welding and soldering equipment manufacturing, commercial and industrial machinery and equipment (except automotive a. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are North Brookfield Savings Bank's typical SBA loan terms?
North Brookfield Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.22% and average term length of 67 months (approximately 6 years). Loan sizes range from $10K to $591K, with an average loan size of $92K.
Do I need a business valuation for a North Brookfield Savings Bank SBA loan?
Yes, North Brookfield Savings 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 North Brookfield Savings Bank compare to other SBA lenders?
North Brookfield Savings Bank has originated 240 SBA loans totaling $22.1M 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 North Brookfield Savings Bank lend in?
North Brookfield Savings Bank provides SBA 7(a) financing with particularly strong presence in MA. 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.