Parke Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Parke Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236220 | Commercial and Institutional Building Construction | 16 | $6.2M | $388K | 15.4% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $2.8M | $350K | 7.7% |
| 238150 | Glass and Glazing Contractors | 8 | $3.2M | $400K | 7.7% |
| 446191 | Food (Health) Supplement Stores | 8 | $2.2M | $275K | 7.7% |
| 722513 | Limited-Service Restaurants | 8 | $3.1M | $388K | 7.7% |
| 238160 | Roofing Contractors | 8 | $4.8M | $604K | 7.7% |
| 485510 | Charter Bus Industry | 8 | $4.1M | $508K | 7.7% |
| 611699 | All Other Miscellaneous Schools and Instruction | 8 | $3.2M | $400K | 7.7% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 8 | $3.8M | $477K | 7.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $4.0M | $500K | 7.7% |
Geographic Distribution
SBA lending activity for Parke Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 64 | $29.7M | 61.5% |
| Pennsylvania (PA) | 40 | $29.6M | 38.5% |
Why Choose Parke Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $59.2M in financing
- ✓Industry Expertise: Specialized focus on Commercial and Institutional Building Construction, Fitness and Recreational Sports Centers, Glass and Glazing Contractors
- ✓Competitive Terms: Average interest rate of 6.19% with flexible term lengths averaging 179 months
- ✓Loan Range: Loan sizes from $275K to $2.0M, with an average of $570K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NJ, PA
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 Parke Bank SBA lending
What types of businesses does Parke Bank typically finance?
Parke Bank specializes in SBA 7(a) lending to specific industries including commercial and institutional building construction, fitness and recreational sports centers, glass and glazing contractors, food (health) supplement stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Parke Bank's typical SBA loan terms?
Parke Bank's SBA 7(a) loans typically feature an average interest rate of 6.19% and average term length of 179 months (approximately 15 years). Loan sizes range from $275K to $2.0M, with an average loan size of $570K.
Do I need a business valuation for a Parke Bank SBA loan?
Yes, Parke 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 Parke Bank compare to other SBA lenders?
Parke Bank has originated 104 SBA loans totaling $59.2M 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 Parke Bank lend in?
Parke Bank provides SBA 7(a) financing with particularly strong presence in NJ, PA. 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.