Northwest Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Northwest Community Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 4 | $198K | $49K | 3.2% |
| 624410 | Child Care Services | 3 | $2.9M | $968K | 2.4% |
| 812210 | Funeral Homes and Funeral Services | 3 | $2.2M | $733K | 2.4% |
| 339950 | Sign Manufacturing | 3 | $65K | $22K | 2.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 | $610K | $305K | 1.6% |
| 562111 | Solid Waste Collection | 2 | $128K | $64K | 1.6% |
| 321918 | Other Millwork (including Flooring) | 2 | $105K | $53K | 1.6% |
| 423620 | Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers | 2 | $350K | $175K | 1.6% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $100K | $50K | 1.6% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 2 | $196K | $98K | 1.6% |
Geographic Distribution
SBA lending activity for Northwest Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 123 | $25.8M | 98.4% |
| Massachusetts (MA) | 1 | $70K | 0.8% |
| New York (NY) | 1 | $40K | 0.8% |
Why Choose Northwest Community Bank?
Based on SBA 7(a) lending track record from 1991-2022
- ✓Proven Track Record: 125 SBA loans approved, totaling $25.9M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Child Care Services, Funeral Homes and Funeral Services
- ✓Competitive Terms: Average interest rate of 5.32% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $10K to $1.6M, with an average of $207K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in CT, NY, 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 Northwest Community Bank SBA lending
What types of businesses does Northwest Community Bank typically finance?
Northwest Community Bank specializes in SBA 7(a) lending to specific industries including landscaping services, child care services, funeral homes and funeral services, sign manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Northwest Community Bank's typical SBA loan terms?
Northwest Community Bank's SBA 7(a) loans typically feature an average interest rate of 5.32% and average term length of 94 months (approximately 8 years). Loan sizes range from $10K to $1.6M, with an average loan size of $207K.
Do I need a business valuation for a Northwest Community Bank SBA loan?
Yes, Northwest Community 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 Northwest Community Bank compare to other SBA lenders?
Northwest Community Bank has originated 125 SBA loans totaling $25.9M since 1991. 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 Northwest Community Bank lend in?
Northwest Community Bank provides SBA 7(a) financing with particularly strong presence in CT, NY, 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.