Northwest Community Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Northwest Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $400K | $50K | 11.1% |
| 312120 | Breweries | 8 | $2.4M | $300K | 11.1% |
| 722513 | Limited-Service Restaurants | 8 | $2.0M | $250K | 11.1% |
| 524210 | Insurance Agencies and Brokerages | 8 | $12.8M | $1.6M | 11.1% |
| 523930 | Investment Advice | 8 | $8.7M | $1.1M | 11.1% |
| 445310 | Beer, Wine, and Liquor Stores | 8 | $4.0M | $500K | 11.1% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $600K | $75K | 11.1% |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 8 | $1.6M | $200K | 11.1% |
| 812191 | Diet and Weight Reducing Centers | 8 | $1.2M | $150K | 11.1% |
Geographic Distribution
SBA lending activity for Northwest Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 72 | $33.7M | 100.0% |
Why Choose Northwest Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $33.7M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Breweries, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 4.23% with flexible term lengths averaging 88 months
- ✓Loan Range: Loan sizes from $50K to $1.6M, with an average of $469K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CT
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 automotive body, paint, and interior repair and maintenance, breweries, limited-service restaurants, insurance agencies and brokerages. 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 4.23% and average term length of 88 months (approximately 7 years). Loan sizes range from $50K to $1.6M, with an average loan size of $469K.
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 72 SBA loans totaling $33.7M 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 Northwest Community Bank lend in?
Northwest Community Bank provides SBA 7(a) financing with particularly strong presence in CT. 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.