Patriot Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Patriot Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | $936K | $312K | 9.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $187K | $187K | 3.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1 | $924K | $924K | 3.1% |
| 423320 | Brick, Stone, and Related Construction Material Merchant Wholesalers | 1 | $150K | $150K | 3.1% |
| 441120 | Used Car Dealers | 1 | $340K | $340K | 3.1% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $100K | $100K | 3.1% |
| 561439 | Other Business Service Centers (including Copy Shops) | 1 | $40K | $40K | 3.1% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 1 | $150K | $150K | 3.1% |
| 541940 | Veterinary Services | 1 | $200K | $200K | 3.1% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $102K | $102K | 3.1% |
Geographic Distribution
SBA lending activity for Patriot Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 29 | $6.6M | 90.6% |
| Pennsylvania (PA) | 2 | $190K | 6.3% |
| New Jersey (NJ) | 1 | $90K | 3.1% |
Why Choose Patriot Bank?
Based on SBA 7(a) lending track record from 1996-2007
- ✓Proven Track Record: 32 SBA loans approved, totaling $6.8M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Drinking Places (Alcoholic Beverages), Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $40K to $1.0M, with an average of $214K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in TN, PA, NJ
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 Patriot Bank SBA lending
What types of businesses does Patriot Bank typically finance?
Patriot Bank specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, drinking places (alcoholic beverages), hotels (except casino hotels) and motels, brick, stone, and related construction material merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Patriot Bank's typical SBA loan terms?
Patriot Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 145 months (approximately 12 years). Loan sizes range from $40K to $1.0M, with an average loan size of $214K.
Do I need a business valuation for a Patriot Bank SBA loan?
Yes, Patriot 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 Patriot Bank compare to other SBA lenders?
Patriot Bank has originated 32 SBA loans totaling $6.8M since 1996. 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 Patriot Bank lend in?
Patriot Bank provides SBA 7(a) financing with particularly strong presence in TN, PA, NJ. 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.
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