Orrstown Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Orrstown Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 48 | $54.6M | $1.1M | 7.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 48 | $10.5M | $219K | 7.0% |
| 722511 | Full-Service Restaurants | 40 | $13.4M | $335K | 5.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 40 | $7.7M | $194K | 5.8% |
| 561730 | Landscaping Services | 32 | $9.0M | $281K | 4.7% |
| 236118 | Residential Remodelers | 32 | $6.8M | $212K | 4.7% |
| 621210 | Offices of Dentists | 32 | $4.6M | $144K | 4.7% |
| 624410 | Child Day Care Services | 24 | $8.5M | $355K | 3.5% |
| 812112 | Beauty Salons | 24 | $5.3M | $219K | 3.5% |
| 332322 | Sheet Metal Work Manufacturing | 16 | $5.3M | $331K | 2.3% |
Geographic Distribution
SBA lending activity for Orrstown Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 496 | $212.1M | 72.1% |
| Maryland (MD) | 176 | $95.8M | 25.6% |
| Nevada (NV) | 8 | $17.0M | 1.2% |
| Texas (TX) | 8 | $4.0M | 1.2% |
Why Choose Orrstown Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 688 SBA loans approved, totaling $328.9M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Drinking Places (Alcoholic Beverages), Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.96% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $15K to $4.7M, with an average of $478K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in PA, MD, TX
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 Orrstown Bank SBA lending
What types of businesses does Orrstown Bank typically finance?
Orrstown Bank specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, drinking places (alcoholic beverages), full-service restaurants, plumbing, heating, and air-conditioning contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Orrstown Bank's typical SBA loan terms?
Orrstown Bank's SBA 7(a) loans typically feature an average interest rate of 5.96% and average term length of 123 months (approximately 10 years). Loan sizes range from $15K to $4.7M, with an average loan size of $478K.
Do I need a business valuation for a Orrstown Bank SBA loan?
Yes, Orrstown 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 Orrstown Bank compare to other SBA lenders?
Orrstown Bank has originated 688 SBA loans totaling $328.9M 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 Orrstown Bank lend in?
Orrstown Bank provides SBA 7(a) financing with particularly strong presence in PA, MD, TX, NV. 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.
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