Patriot Bank, National Association
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Patriot Bank, National Association · FY 2020
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 2 | $1.3M | $670K | 13.3% |
| 238160 | Roofing Contractors | 1 | $350K | $350K | 6.7% |
| 611691 | Exam Preparation and Tutoring | 1 | $421K | $421K | 6.7% |
| 493110 | General Warehousing and Storage | 1 | $500K | $500K | 6.7% |
| 722511 | Full-Service Restaurants | 1 | $184K | $184K | 6.7% |
| 541211 | Offices of Certified Public Accountants | 1 | $285K | $285K | 6.7% |
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 1 | $2.0M | $2.0M | 6.7% |
| 811198 | All Other Automotive Repair and Maintenance | 1 | $1.3M | $1.3M | 6.7% |
| 541614 | Process, Physical Distribution, and Logistics Consulting Services | 1 | $580K | $580K | 6.7% |
| 485991 | Special Needs Transportation | 1 | $4.2M | $4.2M | 6.7% |
Geographic Distribution
SBA lending activity for Patriot Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 1 | $4.7M | 6.7% |
| New York (NY) | 2 | $4.7M | 13.3% |
| New Jersey (NJ) | 2 | $2.5M | 13.3% |
| Maryland (MD) | 1 | $1.4M | 6.7% |
| Alaska (AK) | 1 | $1.3M | 6.7% |
| South Carolina (SC) | 1 | $820K | 6.7% |
| Connecticut (CT) | 2 | $804K | 13.3% |
| Florida (FL) | 1 | $580K | 6.7% |
| Michigan (MI) | 1 | $520K | 6.7% |
| Ohio (OH) | 1 | $421K | 6.7% |
| Texas (TX) | 1 | $350K | 6.7% |
| California (CA) | 1 | $285K | 6.7% |
Why Choose Patriot Bank, National Association?
Based on SBA 7(a) lending track record in FY 2020
- ✓Proven Track Record: 15 SBA loans approved, totaling $18.3M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Roofing Contractors, Exam Preparation and Tutoring
- ✓Competitive Terms: Average interest rate of 7.30% with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $184K to $4.7M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in NJ, CT, NY
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, National Association SBA lending
What types of businesses does Patriot Bank, National Association typically finance?
Patriot Bank, National Association specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, roofing contractors, exam preparation and tutoring, general warehousing and storage. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Patriot Bank, National Association's typical SBA loan terms?
Patriot Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 7.30% and average term length of 119 months (approximately 10 years). Loan sizes range from $184K to $4.7M, with an average loan size of $1.2M.
Do I need a business valuation for a Patriot Bank, National Association SBA loan?
Yes, Patriot Bank, National Association 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, National Association compare to other SBA lenders?
Patriot Bank, National Association has originated 15 SBA loans totaling $18.3M in FY 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 Patriot Bank, National Association lend in?
Patriot Bank, National Association provides SBA 7(a) financing with particularly strong presence in NJ, CT, NY, MD, MI. 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.
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