Peapack Private Bank and Trust
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peapack Private Bank and Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 232 | $668.6M | $2.9M | 11.3% |
| 445320 | Other | 232 | $258.3M | $1.1M | 11.3% |
| 445310 | Beer, Wine, and Liquor Stores | 160 | $175.5M | $1.1M | 7.8% |
| 722513 | Limited-Service Restaurants | 160 | $145.3M | $908K | 7.8% |
| 722511 | Full-Service Restaurants | 128 | $100.9M | $788K | 6.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 56 | $39.9M | $713K | 2.7% |
| 811192 | Car Washes | 56 | $67.7M | $1.2M | 2.7% |
| 713940 | Fitness and Recreational Sports Centers | 40 | $15.2M | $379K | 1.9% |
| 621391 | Offices of Podiatrists | 40 | $32.2M | $804K | 1.9% |
| 238210 | Electrical Contractors | 32 | $16.2M | $506K | 1.6% |
Geographic Distribution
SBA lending activity for Peapack Private Bank and Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Jersey (NJ) | 1,224 | $1.22B | 59.5% |
| New York (NY) | 528 | $729.6M | 25.7% |
| Pennsylvania (PA) | 176 | $313.9M | 8.6% |
| Virginia (VA) | 16 | $60.8M | 0.8% |
| Florida (FL) | 40 | $60.6M | 1.9% |
| California (CA) | 24 | $48.0M | 1.2% |
| Connecticut (CT) | 32 | $38.0M | 1.6% |
| South Carolina (SC) | 8 | $20.8M | 0.4% |
| Texas (TX) | 8 | $12.6M | 0.4% |
Why Choose Peapack Private Bank and Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,056 SBA loans approved, totaling $2.51B in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Other, Beer, Wine, and Liquor Stores
- ✓Competitive Terms: Average interest rate of 7.61% with flexible term lengths averaging 179 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 9 states, with strong presence in NJ, NY, 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 Peapack Private Bank and Trust SBA lending
What types of businesses does Peapack Private Bank and Trust typically finance?
Peapack Private Bank and Trust specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, other, beer, wine, and liquor stores, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peapack Private Bank and Trust's typical SBA loan terms?
Peapack Private Bank and Trust's SBA 7(a) loans typically feature an average interest rate of 7.61% and average term length of 179 months (approximately 15 years). Loan sizes range from $20K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a Peapack Private Bank and Trust SBA loan?
Yes, Peapack Private Bank and Trust 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 Peapack Private Bank and Trust compare to other SBA lenders?
Peapack Private Bank and Trust has originated 2,056 SBA loans totaling $2.51B 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 Peapack Private Bank and Trust lend in?
Peapack Private Bank and Trust provides SBA 7(a) financing with particularly strong presence in NJ, NY, PA, FL, CT. 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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Professional valuations are often required for SBA loans over $250,000.
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