Penn Community Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Penn Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $3.2M | $198K | 7.4% |
| 449121 | Other | 16 | $16.0M | $997K | 7.4% |
| 624410 | Child Day Care Services | 16 | $12.3M | $770K | 7.4% |
| 458110 | Other | 16 | $1.3M | $79K | 7.4% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $3.4M | $431K | 3.7% |
| 722513 | Limited-Service Restaurants | 8 | $800K | $100K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $2.8M | $350K | 3.7% |
| 532310 | General Rental Centers | 8 | $6.2M | $775K | 3.7% |
| 336214 | Travel Trailer and Camper Manufacturing | 8 | $400K | $50K | 3.7% |
| 623210 | Residential Mental Retardation Facilities | 8 | $6.5M | $817K | 3.7% |
Geographic Distribution
SBA lending activity for Penn Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 216 | $94.6M | 100.0% |
Why Choose Penn Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 216 SBA loans approved, totaling $94.6M in financing
- ✓Industry Expertise: Specialized focus on Plumbing, Heating, and Air-Conditioning Contractors, Other, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 8.59% with flexible term lengths averaging 147 months
- ✓Loan Range: Loan sizes from $25K to $1.9M, with an average of $438K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Penn Community Bank SBA lending
What types of businesses does Penn Community Bank typically finance?
Penn Community Bank specializes in SBA 7(a) lending to specific industries including plumbing, heating, and air-conditioning contractors, other, child day care services, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Penn Community Bank's typical SBA loan terms?
Penn Community Bank's SBA 7(a) loans typically feature an average interest rate of 8.59% and average term length of 147 months (approximately 12 years). Loan sizes range from $25K to $1.9M, with an average loan size of $438K.
Do I need a business valuation for a Penn Community Bank SBA loan?
Yes, Penn Community 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 Penn Community Bank compare to other SBA lenders?
Penn Community Bank has originated 216 SBA loans totaling $94.6M 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 Penn Community Bank lend in?
Penn Community Bank provides SBA 7(a) financing with particularly strong presence in 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.
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