Penn Security Bank & Trust Co.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Penn Security Bank & Trust Co. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 813910 | Business Associations | 1 | $50K | $50K | 9.1% |
| 238990 | All Other Specialty Trade Contractors | 1 | $200K | $200K | 9.1% |
| 812210 | Funeral Homes and Funeral Services | 1 | $30K | $30K | 9.1% |
| 541310 | Architectural Services | 1 | $200K | $200K | 9.1% |
Geographic Distribution
SBA lending activity for Penn Security Bank & Trust Co. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 1 | $2.0M | 9.1% |
| Pennsylvania (PA) | 10 | $1.2M | 90.9% |
Why Choose Penn Security Bank & Trust Co.?
Based on SBA 7(a) lending track record from 1999-2012
- ✓Proven Track Record: 11 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Business Associations, All Other Specialty Trade Contractors, Funeral Homes and Funeral Services
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $30K to $2.0M, with an average of $292K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in PA, MA
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 Security Bank & Trust Co. SBA lending
What types of businesses does Penn Security Bank & Trust Co. typically finance?
Penn Security Bank & Trust Co. specializes in SBA 7(a) lending to specific industries including business associations, all other specialty trade contractors, funeral homes and funeral services, architectural services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Penn Security Bank & Trust Co.'s typical SBA loan terms?
Penn Security Bank & Trust Co.'s SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 118 months (approximately 10 years). Loan sizes range from $30K to $2.0M, with an average loan size of $292K.
Do I need a business valuation for a Penn Security Bank & Trust Co. SBA loan?
Yes, Penn Security Bank & Trust Co. 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 Security Bank & Trust Co. compare to other SBA lenders?
Penn Security Bank & Trust Co. has originated 11 SBA loans totaling $3.2M since 1999. 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 Security Bank & Trust Co. lend in?
Penn Security Bank & Trust Co. provides SBA 7(a) financing with particularly strong presence in PA, MA. 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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