Northern Community Investment Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northern Community Investment Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812910 | Pet Care (except Veterinary) Services | 1 | $55K | $55K | 100.0% |
Geographic Distribution
SBA lending activity for Northern Community Investment Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Vermont (VT) | 1 | $55K | 100.0% |
Why Choose Northern Community Investment Corporation?
Based on SBA 7(a) lending track record from 2017-2017
- ✓Proven Track Record: 1 SBA loans approved, totaling $55K in financing
- ✓Industry Expertise: Specialized focus on Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of 7.25% with flexible term lengths averaging 63 months
- ✓Loan Range: Loan sizes from $55K to $55K, with an average of $55K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VT
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 Northern Community Investment Corporation SBA lending
What types of businesses does Northern Community Investment Corporation typically finance?
Northern Community Investment Corporation specializes in SBA 7(a) lending to specific industries including pet care (except veterinary) services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northern Community Investment Corporation's typical SBA loan terms?
Northern Community Investment Corporation's SBA 7(a) loans typically feature an average interest rate of 7.25% and average term length of 63 months (approximately 5 years). Loan sizes range from $55K to $55K, with an average loan size of $55K.
Do I need a business valuation for a Northern Community Investment Corporation SBA loan?
Yes, Northern Community Investment Corporation 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 Northern Community Investment Corporation compare to other SBA lenders?
Northern Community Investment Corporation has originated 1 SBA loans totaling $55K since 2017. 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 Northern Community Investment Corporation lend in?
Northern Community Investment Corporation provides SBA 7(a) financing with particularly strong presence in VT. 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.
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