Passumpsic Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Passumpsic Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311811 | Retail Bakeries | 16 | $568K | $36K | 40.0% |
| 722513 | Limited-Service Restaurants | 8 | $1.1M | $140K | 20.0% |
| 713990 | All Other Amusement and Recreation Industries | 8 | $579K | $72K | 20.0% |
| 313110 | Fiber, Yarn, and Thread Mills | 8 | $1.7M | $215K | 20.0% |
Geographic Distribution
SBA lending activity for Passumpsic Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Vermont (VT) | 40 | $4.0M | 100.0% |
Why Choose Passumpsic Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $4.0M in financing
- ✓Industry Expertise: Specialized focus on Retail Bakeries, Limited-Service Restaurants, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 6.70% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $31K to $215K, with an average of $100K
- ✓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 Passumpsic Savings Bank SBA lending
What types of businesses does Passumpsic Savings Bank typically finance?
Passumpsic Savings Bank specializes in SBA 7(a) lending to specific industries including retail bakeries, limited-service restaurants, all other amusement and recreation industries, fiber, yarn, and thread mills. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Passumpsic Savings Bank's typical SBA loan terms?
Passumpsic Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.70% and average term length of 108 months (approximately 9 years). Loan sizes range from $31K to $215K, with an average loan size of $100K.
Do I need a business valuation for a Passumpsic Savings Bank SBA loan?
Yes, Passumpsic Savings 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 Passumpsic Savings Bank compare to other SBA lenders?
Passumpsic Savings Bank has originated 40 SBA loans totaling $4.0M 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 Passumpsic Savings Bank lend in?
Passumpsic Savings Bank 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.
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